Kazakhstan Justice Ministry discusses drafting a new Civil Code
The Ministry of Justice of Kazakhstan has discussed drafting a new Civil Code. Khabar 24 reported, citing a public council, that the document must take into account modern economic and social processes. The priority, participants said, is protecting the interests of citizens.
The current code was adopted more than 30 years ago, and participants at the meeting acknowledged that the legislation needs to be adapted to today's realities. They stressed that updating the rules alone is not enough; the new rules must also be clear and predictable for everyone.
Deputy Marat Bashimov of the Kurultai of Kazakhstan said that the code strengthens contractual relations and contract stability. He said that for business, entrepreneurs and ordinary citizens, contracts should be simple, understandable and stable, and that the principles of freedom of contract and equality of relations will stimulate business development.
This story was automatically summarised and translated from Khabar 24. All rights to the story belong to its source.