Prerequisites for the adoption of a legal framework for trusts with Kazakhstan legislation in order to improve the legal regulation of corporate groups

Abstract

Declaring the National Development Plan approved by the Head of State Nursultan Nazarbayev “100 Steps to Implement Five Institutional Reforms” and the adoption of the Constitutional Law on the Establishment of the International Financial Center “Astana”, defined new directions for the development of Kazakhstan’s legislation and determined active improvement of the concept of legal concepts of English law. This article looks at the possibility of using a contract project that determines the specifics of trade in order to avoid barriers related to the transparency of the ownership of domestic companies by identifying and stabilizing business activity.
Key words: trust, trust management, trustee, beneficiary, shareholder.