Слайд 1Introduction to law
Business Law #3
Zhanat Alimanov, School of Law
Слайд 2Home assignment 2
Chapters 1, 8, 9 & 10
Section 1, Civil
Code (General Part)
Слайд 3Terms
SNA – Statute on Normative Acts
vs.=versus=against – против
Contract – договор
Transaction
- сделка
Burden of proof - бремя доказывания
Legal Force of Normative
Acts – юридическая сила нормативных актов
Evidence - доказательства
Fine – штраф
Imprisonment – лишение свободы
Retroactive force – обратная сила
Слайд 4Plan (Legal Force of Normative Acts)
Action in Time
(действие во
времени)
Territorial Action
(действие в пространстве)
Слайд 5Remark (explanation)
Нормативно Правовой Акт
Normative Legal Act
Слайд 7Example
In 2009, Marina rented (взяла в
аренду) a house for 3
years.
In 2011, KZ Parliament passes a
statute obligating all tenants
(арендаторы) to
be registered
with tax authorities within a month
from the beginning of the contract.
In the event of non-compliance (не
соблюдения), the penalty is a fine
of KZT 10 mln.
Слайд 8Example
New Statute =>
registration & fine
2011
Rent
for 3 years
2009
2011
Registration? & Fine?
Does
Marina have
to register with tax authorities?
Yes, and pay the
fine.
Yes, no fine.
No, and no fine.
Слайд 9Example
New Statute =>
registration & fine
2011
Rent
for 3 years
2009
2011
No need for
registration, and no fine, art. 37, SNA
Does Marina have
to
register with tax authorities?
Yes, and pay the fine.
Yes, no fine.
No, and no fine, art. 37, SNA.
Слайд 10Example
New Statute =>
registration & fine
2011
Rent
for 3 years
registration, and no fine, art. 37, SNA
Let’s apply retroactive force.
What happens?
Слайд 11Example
New Statute =>
registration & fine
2011
Rent
for 3 years
2008
Is 2008 statute
still applicable (применяется) in 2011?
Yes
Yes, partially.
No
Old Statute =>
No registration &
fine
2009
Слайд 12Example
New Statute =>
registration & fine
2011
Rent
for 3 years
2008
Is 2008 statute
still applicable (применяется) in 2011?
Yes, SNA
Yes, partially.
No
Old Statute =>
No registration
& fine
2009
Слайд 142. Application (art. 41-42, Statute on Normative Acts)
If Rocket Singh,
an Indian:
sells bags only to Indians
in KZ
Does KZ Law apply
or not?
Слайд 152. Application (art. 41-42, Statute on Normative Acts)
If Rocket Singh,
an Indian:
sells bags only to Indians
in KZ
Does KZ Law apply
or not? Yes.
Слайд 162. Application (art. 41-42, Statute on Normative Acts)
If an Indian
company
sells electronics only to Indians
in KZ
Does KZ Law apply or
not?
Слайд 172. Application (art. 41-42, Statute on Normative Acts)
If an Indian
company
sells electronics only to Indians
in KZ
Does KZ Law apply or
not? Yes.
Слайд 18Example 1
Let’s assume that:
it is legal to trade with opium
in Afghanistan.
Omar decided to arrange trade with KZ, and starts
selling to afghans in KZ.
in KZ, opium is banned (запрещен)
Does KZ legislation apply to Omar’s trade with KZ?
Слайд 19Example 1
Let’s assume that:
it is legal to trade with opium
in Afghanistan.
Omar decided to arrange trade with KZ, and starts
selling to afghans in KZ.
in KZ, opium is banned (запрещен)
Does KZ legislation apply to Omar’s trade with KZ? art.41, SNA
Слайд 20Example 2
KMG EP sold its shares in the UK.
Let’s assume
that Aibek, an officer of
KMG EP, located in Ozen in
KZ, trades
shares of KMG EP through mobile
Internet. He has inside information that
the shares are going to rise.
Let’s assume that UK has criminal liability
for insider trading.
Does UK legislation apply to Aibek, who lives in Ozen?
Слайд 21Example 2
KMG EP sold its shares in the UK.
Let’s assume
that Aibek, an officer of
KMG EP, located in Ozen in
KZ, trades
shares of KMG EP through mobile
Internet. He has inside information that
the shares are going to rise.
Let’s assume that UK has criminal liability
for insider trading.
Does UK legislation apply to Aibek, who lives in Ozen? Yes.