KyrgyzstanKalikova & Associates |
"The leader in the market and the first choice for international companies and law firms that do not have a local presence" |
Chambers Global |
71, Erkindik blv.
Bishkek
Tel.: +996 (312) 666-060
Fax: +996 (312) 662-788
As a former USSR country and being similar to its neighboring countries, the Kyrgyz Republic is at the initial stages of developing and implementing corporate anticorruption regulations and compliance procedures.Only a small number of companies, which are mainly large international or global corporations doing business in the Kyrgyz Republic have introduced corporate anticorruption policies.
Taking into account the latest trends in the Kyrgyz Republic aimed at strengthening the anticorruption regulations it is highly recommended that all companies operating in the Kyrgyz Republic develop corporate anticorruption policies and ensure that these are implementated by executives, employees and representatives, and especially by companies that often deal with licensing and permitting, state procurement and government contracts.
Such policies shall among other things:
Each employee should be provided and acquainted with the company’s anticorruption policies at all times. It is also important that companies regularly update their anticorruption compliance policies in accordance with developments in the anticorruption regulations in the Kyrgyz Republic.