On January 26, 2015 the draft Law of the Kyrgyz Republic “On Amendments and Additions to Certain Legislative Acts of the Kyrgyz Republic” came in the Jogorku Kenesh. It introduces amendments and additions to the Civil Code and the Law of the Kyrgyz Republic “On Business Partnerships and Companies” and stipulates creation of the board of directors in limited liability companies (hereinafter “LLCs”).

According to the explanatory note, current legislation of the Kyrgyz Republic does not prohibit but also does not provide for possibility for creating such management body as board of directors in LLCs that is one of significant parts of management body’s structure for companies. Such circumstance creates legal uncertainty and unjustified risk for companies which created or planned to create board of directors.