{"id":51080,"date":"2026-04-07T09:25:04","date_gmt":"2026-04-07T06:25:04","guid":{"rendered":"https:\/\/kz.f-chain.com\/?p=51080"},"modified":"2026-04-07T09:32:29","modified_gmt":"2026-04-07T06:32:29","slug":"bankruptcy-legal-entities-kz-2026","status":"publish","type":"post","link":"https:\/\/kz.f-chain.com\/en\/feautured-post\/bankruptcy-legal-entities-kz-2026\/","title":{"rendered":"Bankruptcy of Legal Entities: What Has Changed"},"content":{"rendered":"<h2><strong>Bankruptcy of Legal Entities: What Has Changed<\/strong><\/h2>\n<p>&nbsp;<\/p>\n<p>Since the beginning of 2026, significant changes have been introduced to the legislation of the Republic of Kazakhstan regulating bankruptcy procedures for individuals and legal entities. The amendments were signed on January 16, 2026, and introduced into the following laws:<\/p>\n<ul>\n<li>\u201cOn Restoration of Solvency and Bankruptcy of Citizens of the Republic of Kazakhstan\u201d<\/li>\n<li>\u201cOn Rehabilitation and Bankruptcy\u201d<\/li>\n<\/ul>\n<p>These changes are aimed at increasing transparency of procedures, reducing abuse, and strengthening the protection of creditors\u2019 rights.<\/p>\n<p>&nbsp;<\/p>\n<h3><strong>Why the Changes Matter<\/strong><\/h3>\n<p>In recent years, the legislation on bankruptcy of legal entities has remained relatively stable. However, legal practice has demonstrated the need to improve mechanisms, particularly in:<\/p>\n<ul>\n<li>preventing bad-faith schemes;<\/li>\n<li>increasing procedural efficiency;<\/li>\n<li>balancing the interests of debtors and creditors.<\/li>\n<\/ul>\n<p>The amendments are being implemented in stages, allowing market participants to adapt to the new rules.<\/p>\n<p>&nbsp;<\/p>\n<h3><strong>Key Changes Effective from March 19, 2026<\/strong><\/h3>\n<p><strong>Expansion of powers of the bankruptcy administrator<\/strong><\/p>\n<p>The bankruptcy administrator has been granted additional rights, including:<\/p>\n<ul>\n<li>participation in calculating additional remuneration;<\/li>\n<li>the right to apply to the court to invalidate the re-registration of a legal entity.<\/li>\n<\/ul>\n<p>This strengthens control over debtor actions and reduces the risk of asset withdrawal.<\/p>\n<p>&nbsp;<\/p>\n<h3><strong>Introduction of a mechanism for removal of the interim administrator<\/strong><\/h3>\n<p>A procedure for removing the interim administrator has now been introduced, allowing prompt response to:<\/p>\n<ul>\n<li>inefficient performance;<\/li>\n<li>potential violations or conflicts of interest.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<h3><strong>Expansion of methods for notifying creditors<\/strong><\/h3>\n<p>The list of ways to notify creditors has been expanded regarding:<\/p>\n<ul>\n<li>creditors\u2019 meetings;<\/li>\n<li>meetings of the creditors\u2019 committee.<\/li>\n<\/ul>\n<p>This increases accessibility and reduces the risk of decisions being invalidated due to procedural violations.<\/p>\n<p>&nbsp;<\/p>\n<h3><strong>Establishment of a deadline for reapplying for bankruptcy<\/strong><\/h3>\n<p>A restriction has been introduced on repeated applications for bankruptcy after a court refusal.<\/p>\n<p>The aim is to prevent abuse and pressure on participants through repeated filings.<\/p>\n<p>&nbsp;<\/p>\n<h3><strong>Restriction on the use of rehabilitation procedures<\/strong><\/h3>\n<p>Rehabilitation is no longer allowed if the only creditor is the state (taxes and mandatory payments).<\/p>\n<p>This is intended to prevent formal use of the procedure without real economic grounds.<\/p>\n<p>&nbsp;<\/p>\n<h3><strong>Clarification of quorum for creditors\u2019 meetings<\/strong><\/h3>\n<p>Conditions have been defined under which creditors\u2019 meetings are considered valid in cases of direct sale of the bankrupt\u2019s assets.<\/p>\n<p>This increases legal certainty and reduces the risk of challenging transactions.<\/p>\n<p>&nbsp;<\/p>\n<h3><strong>Expected Impact of the Reforms<\/strong><\/h3>\n<p>The adopted changes are aimed at:<\/p>\n<ul>\n<li>reducing bad-faith practices;<\/li>\n<li>increasing transparency of procedures;<\/li>\n<li>strengthening the role of creditors;<\/li>\n<li>improving the efficiency of administrators.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<h3><strong>Legal Services of FChain<\/strong><\/h3>\n<p>FChain provides a wide range of legal services for businesses in Kazakhstan \u2014 from company registration to comprehensive legal support and dispute resolution.<\/p>\n<p><strong>Our services include:<\/strong><\/p>\n<p><strong>Company Registration<\/strong> \u2013 Full support in business setup: choosing the legal form, preparing documents, and turnkey registration.<\/p>\n<p><strong>Legal Support for Business<\/strong> \u2013 Ongoing legal assistance: \u043a\u043e\u043d\u0441\u0443\u043b\u044c\u0442\u0430\u0446\u0438\u0438, transaction support, and protection of interests in relations with counterparties and government authorities.<\/p>\n<p><strong>Legal Audit<\/strong> \u2013 Comprehensive review of company legal activities: risk identification, contract analysis, and recommendations.<\/p>\n<p><strong>Company Liquidation<\/strong> \u2013 Support of liquidation and bankruptcy procedures from document preparation to full completion.<\/p>\n<p><strong>Contract Drafting<\/strong> \u2013 Preparation and legal review of contracts of any complexity in compliance with Kazakhstani legislation.<\/p>\n<p><strong>Mediation \u2013 <\/strong>Pre-trial dispute resolution with minimal time and cost, preserving business relationships.<\/p>\n<p>&nbsp;<\/p>\n<p><strong><a href=\"https:\/\/kz.f-chain.com\/en\/feautured-post\/tax-reporting-deadlines-kazakhstan26\/\">Tax Reporting Deadlines in 2026: What Has Changed<\/a><\/strong><\/p>\n<p>&nbsp;<\/p>\n<p style=\"text-align: right;\"><em>Prepared by: Moldir Mukhtar<\/em><\/p>\n<p style=\"text-align: right;\"><em>Business Development Specialist<\/em><\/p>\n<p style=\"text-align: right;\"><em>FChain Kazakhstan<\/em><\/p>\n<p style=\"text-align: center;\"><strong>\ud83d\udce9<\/strong><strong> almaty@f-chain.com<br \/>\n<\/strong><strong>\ud83d\udcf1<\/strong><strong> WhatsApp: +7 771 214 1820<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bankruptcy of Legal Entities: What Has Changed &nbsp; Since the beginning of 2026, significant changes have been introduced to the legislation of the Republic of Kazakhstan regulating bankruptcy procedures for individuals and legal entities. The amendments were signed on January 16, 2026, and introduced into the following laws: \u201cOn Restoration of Solvency and Bankruptcy of<\/p>\n","protected":false},"author":6,"featured_media":51081,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[23,24],"tags":[],"class_list":["post-51080","post","type-post","status-publish","format-standard","hentry","category-feautured-post","category-news-ribbon"],"acf":[],"_links":{"self":[{"href":"https:\/\/kz.f-chain.com\/en\/wp-json\/wp\/v2\/posts\/51080","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kz.f-chain.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kz.f-chain.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kz.f-chain.com\/en\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/kz.f-chain.com\/en\/wp-json\/wp\/v2\/comments?post=51080"}],"version-history":[{"count":4,"href":"https:\/\/kz.f-chain.com\/en\/wp-json\/wp\/v2\/posts\/51080\/revisions"}],"predecessor-version":[{"id":51093,"href":"https:\/\/kz.f-chain.com\/en\/wp-json\/wp\/v2\/posts\/51080\/revisions\/51093"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/kz.f-chain.com\/en\/wp-json\/wp\/v2\/media\/51081"}],"wp:attachment":[{"href":"https:\/\/kz.f-chain.com\/en\/wp-json\/wp\/v2\/media?parent=51080"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kz.f-chain.com\/en\/wp-json\/wp\/v2\/categories?post=51080"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kz.f-chain.com\/en\/wp-json\/wp\/v2\/tags?post=51080"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}