Abstract
This chapter deals with the Kazakh legislation on FDI. The purpose of this examination is to consider the evolution of the post-independence legislation in order to identify the existing model of legal regulation. It will be argued that since independence, the overall aim of Kazakh legislation has been to promote the free entry model. However, much of this was a result of the momentum carried forward from the period of perestroika , and the challenge of setting up a free entry model has not been achieved. The chapter will also demonstrate that after the collapse of the USSR the evolution of post-independence legislation in Kazakhstan has gradually shifted towards the negotiation model of legal regulation — that is, the less optimal model. The 1997 Law on State Support of Direct Investmentl will be analysed as embodying the culmination of this shift to the present model. By stressing the fact that the shift occurred for other than economic reasons, this chapter will establish the framework for the discussion in subsequent chapters. These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.