Legal Mechanisms for the Protection of Financial Service Consumer’s Rights in the Republic of Kazakhstan: A Comparative Analysis
Legal Mechanisms for the Protection of Financial Service Consumer’s Rights in the Republic of Kazakhstan: A Comparative Analysis
Author(s): Svetlana Moroz, Saida Akimbekova, Edvardas JuchneviciusSubject(s): Law, Constitution, Jurisprudence, Commercial Law, Comparative Law
Published by: Wydawnictwo Uniwersytetu Jagiellońskiego
Keywords: Consumers; financial services; protection of rights; consumer rights protection in financial markets; consumer protection legislation; financial services legislation; banking transactions; consumer loan agreement; consumer microloanagreements
Summary/Abstract: This article explores the legal mechanisms for protecting the rights of financial service consumers in the Republic of Kazakhstan. The study employs a combination of scientific methods to achieve its objectives. Comparative legal analysis is used to evaluate the Kazakh legislative framework against international best practices, such as World Bank guidelines. The normative-dogmatic method is applied to interpret existing laws, while a systemic approach assesses the coherence of financial and consumer protection regulations. Additionally, a deductive method identifies general principles of consumer protection, and an inductive approach derives conclusions specific to Kazakhstan’s context. These methods reveal gaps in the current legislation and provide recommendations for its improvement.
Journal: Financial Law Review
- Issue Year: 36/2024
- Issue No: 4
- Page Range: 82-107
- Page Count: 26
- Language: English
