Kalikova & Associates lawyers jointly with the Association of civil aviation enterprises of Kyrgyz Republic and Civil Aviation Agency of Kyrgyz Republic under the Ministry of transport and communication of Kyrgyz Republic with the support of USAID REFORMA project participate in the process of development of draft new Air Code of the Kyrgyz Republic

On June 30, 2014 was establish a working group for development of draft Air code consisting of representatives of Agency, air operators and lawyers of Kalikova & Associates. The working group started the work based on the draft Air Code developed by international expert, a representative of consulting company Integra, Mr. Karsten Theil.

As a result of work on November 24, 2014 has been approved and passed to the Agency the final version of draft Air Code for further distribution and organization of public discussion with all interested persons, entities and state authorities.

On October 31, 2014, the Government of the Kyrgyz Republic in association with the Arab Coordination Group held the roundtable for the Arab development funds to present 23 energy, transport & communications, health, education, agriculture and melioration investment projects worth USD 1.131 billion.

The head of the Kyrgyz Government noted that "The proposed projects are considered as top priority in Kyrgyzstan which undergoes transition and is interested in developing technical cooperation and sharing experience and knowledge with the members of the Arab Coordination Group."

The Arab Coordination Group delegation comprised representatives of the Islamic Development Bank, the Saudi Fund for Development, the OPEC Fund for International Development, the Abu Dhabi Fund for Development, the Qatar Development Fund and the Kuwait Fund for Arab Economic Development.

Kalikova & Associates was represented by Ulan Tilenbaev, Managing Partner.

On October 23, 2014, Kyrgyz Parliament passed an act introducing amendments to the Investment Act, Tax Code, Non-tax Payments Act, and Social Security Tariffs Act. The proposed amendments define the meaning and scope of application of the stabilization regime.

Stabilization regime means that in the event of making changes or additions to the investment, tax, customs, or non-tax payments legislation within 10 years from the date of signing the stabilization agreement with the Government, the investor shall have the right to choose the most favorable legal regime for payment of taxes, including the value added tax, but excluding other indirect taxes, non-tax payments (except the fees charged for public services) and customs payments (except customs charges). The investor may exercise the right to claim stabilization of the legal regime in the following cases:

а) if it invests within 3 years from the date of signing the stabilization agreement in the charter capital of the investee enterprise by increasing the number of outstanding shares by the amount denominated in Kyrgyz soms and equivalent to not less than USD 5 million at the NBKR rate as of the date of signing the stabilization agreement and in the investee enterprise itself;

b) if it invests during its mineral exploration, prospecting, search, or mining operations, within 5 years from the date of signing the stabilization agreement, in the capital of the investee enterprise, including the charter capital of the investee enterprise, by increasing the number of outstanding shares or by increasing the charter capital by the amount denominated in Kyrgyz soms and equivalent to at least USD 20 million at the NBKR rate as of the date of signing the stabilization agreement and in the investee enterprise itself.

The above amendments were drafted with the active participation of Kalikova & Associates and Kyrgyz Ministry of Economy staff.

Kalikova & Associates lawyer Jyldyz Tagaeva participated in the two-day national conference on “Building cooperation and reducing conflicts between stakeholders in the mining industry” held on October 2-3, 2014 in Issyk-Kul. The conference was organized by the State Agency of Geology and Mineral Resources in partnership with the Eurasia Foundation of Central Asia (EFCA) with financial support from the United States Agency for International Development (USAID).

The goal of the conference was to develop ideas to prevent conflicts and strengthen cooperation among public authorities, mining companies and local communities. During the conference participants discussed issues in connection with the use of mineral resources and adopted a resolution with recommendations for public authorities, mining companies and local self-government bodies.