Question 3

Let’s assume that Aigerim manages legally to sell her interest to Askhat. AgroKazakhstan brings action against Askhat for 7 bln. Is Askhat liable?

1. Yes, but only for 49% of the debt. Art._____(Civil Code) and Art. ________(Statute)

2. Yes, for the full amount of the debt, i.e., 7 bln. Art._____(Civil Code) and Art. ________(Statute)

3. No, he became the owner after the debt was made. Art._____(Civil Code) and Art. ________(Statute)

4. No, partners are not liable for the debts of the partnership. Art._____(Civil Code) and Art. ________(Statute)

Part 2. Vak is Limited Partnership (коммандитное товарищество)

Let’s assume that Aigerim is limited partner (вкладчик). Vika & Kristina are general partners (полные товарищи).

Question 4 (1.5%)

How much of VAK’s outstanding debt can AgroKazakhstan collect separately (отдельно) from:

1. Vika ___________________ (0.5%) Art. _____ (Civil Code) and Art. _________ (Statute)

2. Aigerim ________________ (0.5%) Art. _____ (Civil Code) and Art. ________(Statute)

3. Kristina ________________ (0.5%) Art. _____ (Civil Code) and Art. ________(Statute)

Question 5

Let’s assume that Vika does not mind Aigerim’s sale of the interest. However, Kristina is against. Is Aigerim entitled to sell her interest in the Partnership?

1. Yes, Aigerim can sell as Vika has a controlling interest in the partnership.

2. No, Aigerim needs to collect consents of all general partners.

3. Yes, limited partners do not need consents of the general partners.

4. No, Aigerim has to offer her interest first to Kristina and Vika, and she has not done it yet.

Part 3. VAK is Corporation (акционерное общество)

Question 6

How much of VAK’s outstanding debt can AgroKazakhstan collect separately (отдельно) from Vika?

1. Nothing. Art._____(Civil Code) and Art. ________(Statute)

2. 51% of the outstanding debt. Art._____(Civil Code) and Art. ________(Statute)

3. All outstanding debt, i.e., 7 bln. Art._____(Civil Code) and Art. ________(Statute)

4. 49% of the outstanding debt. Art._____(Civil Code) and Art. ________(Statute)

Part 4. VAK is Limited Liability Partnership (товарищество с ограниченной ответственностью)

Question 7

Executive body (исполнительный орган) of VAK is sole (единоличный) and is represented by the position of president. Vika is managing partner, Kristina is president, and Aigerim is managing director.

AgroKazakhstan is Corporation (акционерное общество). In AgroKazakhstan, executive body is represented by the position of the executive secretary. Artem is president, Oleg – managing director, and Biken is executive secretary.

If VAK would like to negotiate the debt, and therefore Kristina travels to AgroKazaskhstan. What position in AgroKazakhstan is equal to her position?

1. The position of president

2. The position managing director.

3. The position of executive secretary.

4. None.

Question 8

Again, Aigerim would like to sell her interest to Askhat. Vika does not mind Aigerim’s sale of the interest. However, Kristina is against. Is Aigerim entitled to sell her interest in the Partnership?

1. Yes, Aigerim can sell as Vika has a controlling interest in the partnership. Art. _____ (Civil Code) and Art. _________ (Statute)

2. No, Aigerim needs to collect consents of all partners. Art. _____ (Civil Code) and Art. _________ (Statute)

3. Yes she can, partners do not need consents of other partners to sell their stake (доля). Art. _____ (Civil Code) and Art. _________ (Statute)

4. No, Aigerim has to offer her interest first to Kristina and Vika, and she has not done it yet. Art. _____ (Civil Code) and Art. _________ (Statute)