Kazakhstan collection profile

Kazakhstan-bnr

 

Collecting in Kazakhstan

  • The payment culture of Kazakh companies has declined due to local currency devaluation from 2014, with a high risk of further devaluation. There are no DSO statistics available and it highly depends on industry.

  • The courts are reliable and deliver their decisions quickly. However, the requirements to provide supporting documentation for the claim are rather high. Enforcement procedures show moderate results and there is room for improvement.

  • Insolvency proceedings tend to bring low results for unsecured creditors, while the creditor’s claim must be accompanied by the required set of documentation.

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    Kazakhstan

    Kazakhstan

    Collection complexity

    very-high-2


    Collection relating to

    Payments
    $-4
    Court
    proceedings
    Gav-3
    Insolvency
    proceedings
    Arrow-2
     

    Kazakhstan

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