We have been helping clients do business in Kazakhstan since 1992. We work with clients from our offices in Astana. As a former USSR republic with the largest economy in the Central Asian region, this country is a key destination for new investors.
As our clients participate in the advances and investment opportunities taking place in Kazakhstan, they rely on our global footprint and local experience to realise their business objectives. Many of our deals are acknowledged "firsts" in the market, ranging from early privatisation to major foreign investment, and including the entry of Kazakhstan companies into international markets.
Recent innovative examples include the preparation of the new Concept And Draft Subsoil Use Code, key legislation in a country rich in oil, gas and other minerals. Other "firsts" include debt restructuring of several major commercial banks. This involved not just the restructuring itself but also developing the concept of restructuring, previously unknown here, and helping to draft law on restructuring.
For foreign investors operating in this vibrant business environment, we provide advice on areas including energy, oil and gas, minerals, banking, capital markets, and real estate transactions. We count many local and international companies, as well as Kazakhstan governmental agencies and a national sovereign fund amongst our clients.
Our offices are staffed by local lawyers who also have Western legal experience and training. They work closely with others in our global network, including key teams in Moscow, London and New York.
AWARDS & RECOGNITION
Band 1 ranking for Kazakhstan:
"Market-leading expertise in the banking and finance and capital markets sectors."
"The lawyers are to the point, plugged in and always a pleasure to work with."
" An obvious clear leader in capital markets and finance—gets all the high-profile transactions."
"We did debut transactions which are a bit more complicated and it's good to have White & Case on board. These transactions are not the norm."
"This is a good, highly professional team that is ready to meet the specific local requirements of its Kazakh clients and is easy to work with."
The "best in the Kazakhstan market, particularly on corporate, commercial and capital markets matters."
The Legal 500
Market-shaping financial services sector corporate/M&A
Advised HSBC Bank PLC on all legal and transactional issues in the US$176 million sale of shares of HSBC Kazakhstan JSC to Halyk Bank.
First consolidation in Kazakhstan banking sector
Restructuring of Alliance Bank financial debt (its second since 2009) and consolidation of JSC TemirBank and JSC ForteBank into JSC Alliance Bank—the most complex transaction since the establishment of Kazakhstan's financial services sector.
Acquisition of 100% of mining company shares
Kazzinc LLP, a Kazakhstan-based company and a subsidiary of Glencore PLC, in its US$330 million acquisition of Zhairemsky GOK from Eurasian Natural Resources Corporation Plc.
US$2.5 billion gas pipeline construction financing
Beineu Shymkent Pipeline LLP in China Development Bank's financing of the construction of a gas pipeline in Kazakhstan.
Eurasian Bank JSC debut bond issuance
Transaction counsel on the US$500 million debut issue of bonds by Eurasian Bank JSC through Renaissance Capital.
Kazakhstan sovereign eurobond offerings
Counsel to world-leading financial institutions (including J.P. Morgan, Citi and HSBC) on transaction documents, the prospectus and procurement issues associated with Kazakhstan's US$2.5 billion offering of 10- and 30-year bonds in 2014 and (J.P. Morgan, Citi) on Kazakhstan's US$4 billion offering of 10- and 30-year bonds in 2015.
First-ever tenge-denominated eurobond by a Kazakhstan issuer
Transaction counsel for the debut tenge-denominated bond program by KazTransGas Aimak JSC, valued at up to KZT 30.5 billion.