“Extremely professional and diligent. They follow up on everything. Really a pleasure to work with”
Chambers Global 2017Since gaining independence, the Republic of Kazakhstan determined the formation of stable financial system in the condition of market economy and gradual integration into the world economy as the one of the key elements of the development. Concerted complex events aimed on the development of all sector of the financial market and improvement of legislation played an important role in the reformation of the financial system of the country.
We advise on all range of legal issues related to banking and financial operations and deals and represent the interests of different actors of the financial operations, such as internationally recognized companies or/and start up companie.
We have a lot of experience in a realization of complex international banking and financial transactions for many well known financial organizations and companies. Structured finance of projects in various sectors of the economy is a key aspect of our practice in Kazakhstan. Our experience includes advising creditors and borrowers on standard and multilateral transactions, including swap transactions, provision of transitional finance, and other financial products and financing structures.
In addition, we provide recommendations on current issues of banking and financial legislations to issuers, underwriters, and other participants in the financial market. Very often we advise on issues of finance of the loan capital market, the provision of syndicated loans, creation of return mechanisms, derivative and structured products. Our advice and recommendations address the issues of different spheres of law, such as financial, civil, administrative, tax, labor and many others.
Advised in connection with matters related to a sale of majority equity of Eastcomtrans (railroad leasing and logistics wagon company)
Advised in connection with a Euro 15 million revolving loan to Soufflet Malting Kazakhstan JSC.
Advice in connection with a syndicated loan to Jambyl Cement Production Company and Mynaral Tas Company and also in the acquisition of a 10% interest in Mynaral Tas Company. This client matter has been rated as a “landmark transaction” for the cement industry by Trade Finance magazine. It involves the application of structured and limited recourse finance mechanisms. Trade Finance magazine states that this transaction “illustrates the evolution of this industry where prior cement deals were backed by full recourse sovereign/corporate support”. Subsequently, at the end of 2024 we advised IFC on the exit regulatory matters and sale back of its 10% in Mynaral Tas Company to the majority stockholder VICAT, French conglomerate, including coordination and transfer completion process.
Advised IFC, on debt financing and equity investment in Eastcomtrans LLP, the largest private railcar leasing company in Kazakhstan. The representation involved advising on a $30 million secured loan facility to Eastcomtrans LLP and a $20 million capital contribution, in the result of which IFC acquired a 6.67%-participatory interest in Eastcomtrans LLP. Subsequently, recently we advised on the exit and sale back of the its minority stake back to the majority owners. Advice included release and deregistration of security interest and supervising the transfer process.
Advised IFC in connection with the extension of US420mln-US$30mln tenge denominated loan to KFP (Kazakhstan Food Product LLO), and its refinance. We are now advising transactional counsel on the Kazakh matters related to a potential new loan to KFP.
Advised in respect of transfer from the Royal Bank of Scotland N.V. to Royal Bank of Scotland Plc of shares in JSC Subsidiary Bank “RBS (Kazakhstan)”.
Regularly representing IFC for many years in connection with loan and equity transactions with various Kazakh and international companies, including giving advice to IFC with respect to a US$3,000,000 loan to Microcredit Organization Arnur Credit LLP.
Advised on the Facility agreement and registration of pledge of the trade mark owned by the Borrower, Tbilvino, wine producing company.
Advised on US$20 million secured financing of a Kazakhstan subsidiary of a U.S. independent oil company (creating various security interests (assignments) specifically including receivables under existing oil supply contracts, pledge of shares, floating bank accounts, creation of offshore escrow collection accounts, and pledge of existing subsurface (production) license).
Advised on US$60 million subordinated loan to ATF Bank.
Advised on US$45 million loan to Bank CenterCredit.
Advised on US$30 million loan to Kazkommertsbank (creating a security interest in the company’s stock and real estate).
Advised on US$15 million loan to Bank TuranAlem.
Advised on €10 million revolving loan to Soufflet Malting Kazakhstan JSC.
Advised on US$2.5 million loan to Neftebank (creating a security interest in the company’s stock and mortgage in real property).
Advised on US$3 million loan to Caspiy Ltd (creating a security interest in the company’s stock and real estate and subordination agreement with other lien holders).
Advised in connection with a $20 million loan for completion of the hotel in Almaty.
Advised in connection with a proposed $5-10 million loan for completion of Lyumir Commercial Mall in Almaty (incompleted).
Advised in connection with a structured financing by IFC to Eurasia RED for the development and completion of the largest commercial mall in Kazakhstan.
Advised on Facility Agreement auxiliary financing documents from Kazakh law perspective including CP documents in connection with the USD 720 million loan.
Advised on development and implementation of a Kazakhstan grain receipt program (creating security over receivables).
Advised on development and implementation of a Kazakhstan small business program (creating various security interests in the form of assignments).
epresented Kazakhtelecom in obtaining a US$50 million secured credit facility from EBRD (creating various security interests (assignments) specifically including receivables under existing oil supply contracts, pledge of shares, floating bank accounts).
Advising in connection with certain amendments to a secured facility agreement to AO “Stantsia Ekibastuzskaya GRES-2” for the amount of up to RUB 12 billion and US$ 385 mln.
Advised on US$50 million project financing of Syrymbet JSC related to tin metal production.
Advised in connection with the due diligence and proposed acquisition of Kazakhstan's largest bank - BTA Bank. In addition to conducting comprehensive due diligence, we continued to assist with the structuring of the acquisition and its implementation.
Advising on $280 mln a bridge loan facility to Nord Gold N.V. to finance the acquisition of all the outstanding shares of High River Gold Mines Ltd.
Advice on transaction, preparation of all transaction documents, assistance in obtaining of regulatory approvals in connection with issuance of Islamic Securities, on USD 500 mln in Islamic Capital Market of Malaysia.
Advising to the security agent on the Kazakhstan law security issues related to certain intercreditors arrangements in connection with €272,500,000 11.0% Senior Secured Notes due 2017 issued by Stork Technical Services HOLDCO B.V. and guaranteed by Stor
Acted for Sberbank of Russia in connection with the due diligence and proposed acquisition of Kazakhstan's largest bank - BTA Bank. In addition to conducting comprehensive due diligence, we continued to assist with the structuring of the acquisition and i
Advising on a US$500,000,000 term loan facility to Eurasian Natural Resources Corporation Plc, secured by guarantees of its five Kazakhstan subsidiaries.
Advising on two non-revolving credit facilities for US$550 million provided to Nord Gold N.V. In alliance with Norton Rose Moscow, Toronto, Amsterdam, Paris and London.
Advised and represented Sberbank of Russia in connection with the proposed acquisition of a Kazakhstani subsidiary of the leading Russian investment bank – Troika Dialog. Legal counsel included carrying out the legal due diligence of Troika Dialog Kazak
Advising on US$280 million a bridge loan facility to Nord Gold N.V., secured by guarantees of its Kazakhstan subsidiaries, to finance the acquisition of all the outstanding shares of High River Gold Mines Ltd.
Advising two syndicated loans for a total amount US$3.1 billion by KazMunaiGaz PKOP Investment B.V. a subsidiary of KazMunaiGas JSC in connection with acquisition of Rompetrol Group N.V. secured by KazMunaiGas JSC.
Advising on a US$2.5 billion syndicated loan to KazMunaiGas PKOP Investment B.V. a subsidiary of KazMunaiGas JSC with respect to the repayment of the US$3.1 billion loan facility secured by KazMunaiGas JSC.
Advising on a US$1,05 billion bridge loan facility to NC KazMunaiGas a major Kazakhstan oil and gas company for its Kashagan project.
Advised in connection with US$150 million financing extended to Kazatomprom joint venture subsidiary Baiken – U.
Advised in connection with US$60 million term loan facility to a Kazakhstan uranium company (creating a security in the form of a guarantee issued by the parent company and other collateral).
Advised in connection with US$80 million loan to Munaitas North-West Pipeline Company CJSC and US$100 million loan CNPC-Aktobemunaigas OJSC (creating a security in the form of a guarantee issued by the parent company and other collateral).
Advised in connection with (i) US$150 million syndicated loan to Kazkommertsbank (including extension); and (ii) US$40 million syndicated loan to ATF Bank (former Almaty Represented Merchant Bank).
Advised in connection with (i) US$67.5 million syndicated loan to Bank TuranAlem (including extension); (ii) US$15 million term loan facility to Temirbank; and (iii) US$1.180 million syndicated loan to Kazakhstan – China Pipeline with respect to its Cru
Advised on a US$ 100 million secured loan facility to Chem Plus LLP for financing the construction of the plant and production of glyphosate (herbicide) in Taraz region of Kazakhstan;
Advised in connection with US$ 2.15 billion financing of construction of the integrated petrochemical complex in Kazakhstan.
