In prior posts I noted both Kazakhstan’s successes and failures in improving its business environment and examined the possible reasons for Kazakhstan’s contradictory performance. I also provided tips for American companies contemplating potential investments in Kazakhstan or other emerging markets.… Continue Reading
I’ve talked about the challenges of doing business in Kazakhstan because of its high levels of corruption and rapidly changing legal environment. In this post, I’d like to provide some tips to American companies contemplating potential investments in Kazakhstan or other emerging markets.… Continue Reading
I’ve described the significant progress Kazakhstan made in improving its international standing for economic attractiveness and the recognition that it received from the U.S. government for its reform.
For much of the past 15 years, Kazakhstan was deemed by many as having the best investment climate in the post-Soviet Commonwealth of Independence States (the CIS), being second only to Russia in its ability to attract foreign investment.… Continue Reading
In the prior post I looked at the significant progress Kazakhstan has made in improving its economic attractiveness and the recognition that it received from the U.S. government for its reform.… Continue Reading
After reading my earlier posts about privatization opportunities in Kazakhstan and the deterrent effect of the FCPA on American investment in that country, and Kazakh listings in the U.S., a reader asked whether it is difficult to do business in Kazakhstan in an FCPA-compliant manner.… Continue Reading
I’ve talked in prior posts about the Kazakhstan president’s plans to privatize state-owned companies, and the reticence of American companies to invest in a country that’s a high-risk destination from the FCPA standpoint.… Continue Reading
I’ve talked about a plan by Kazakhstan’s president to revive the country’s struggling economy by privatizing about 7,000 state-owned companies and listing at least some of them on unspecified stock exchanges.… Continue Reading
The prior post talked about a colossal plan by Kazakhstan president, Nursultan Nazarbayev, to privatize some 7,000 state-controlled companies that now control over 40% of the nation’s economy.
As I said, Kazakhstan has traditionally welcomed foreign investment.… Continue Reading
I witnessed an amazing era of development in Kazakhstan when I moved to Almaty in 1994 as a legal advisor on a USAID-sponsored legal reform project.
Despite the great promise of those earlier years, this ex-Soviet republic with huge oil and metal deposits and a once-thriving exports with China and Russia is now facing a prolonged economic slump.… Continue Reading
We learned Friday that Beijing will host the 2022 Winter Olympics, and that Boston withdrew from the 2024 race. From a corruption standpoint, there’s a lot going on here.
China’s selection completes a fascinating ten-year stretch: 2014 (Russia), 2016 (Brazil), 2018 (South Korea), 2020 (Japan), 2022 (China).… Continue Reading
The BOTA Foundation was able to take the $115 million from the corruption case associated with James GIffen and use it effectively and efficiently to assist more than 200,000 poor children, youth and their families in Kazakhstan. … Continue Reading
BOTA was the first foundation established to restitute assets associated with an FCPA prosecution to victims of corruption. What were its key lessons that could be relevant to future foundations established for the same purpose? … Continue Reading