White & Case LLP - Lawyers - Vilen Adjivefayev

Practice Experience

Vilen is an associate in the Almaty office and focuses on capital markets and structured and banking finance as well as on subsurface use law, including M&A transactions involving the transfer of subsurface use assets.

Vilen has legal work experience (in particular litigation) in Uzbekistan, another Central Asian jurisdiction, in which Vilen is a qualified lawyer/advocate.

Examples of recent representative transactions include:

International Debt Offering:

2008 US$ 3 billion Notes Offering (establishment and drawdown) by KazMunaiGas Finance Sub B.V. guaranteed by JSC National Company KazMunaiGas (legal advisors as to Kazakhstan laws to the Joint Arrangers);
2008 US$ 230 million Note private placement under US$5 billion Medium Term Note Programme by Kazkommertsbank (legal advisers as to Kazakhstan law to the Lead Manager);
2008 JSC Astana-Finance’s Global Medium Term Note Programme Update (legal advisers as to Kazakhstan law to the Dealer) (postponed due to unfavorable market conditions);
2007 US$ 35 million drawdown by JSC Astana-Finance under its US$ 2 billion global medium term note programme (legal advisers as to Kazakhstan law to the Dealer);
2007 US$ 3.5 billion Eurasian Development Bank’s Medium Term Note Programme establishment and further programme updates in 2007 and 2008 (legal advisers as to Kazakhstan law to the Joint Arrangers);
2007 US$ 1.0 billion JSC Astana-Finance’s Euro Commercial Paper Programme Establishment (legal advisers as to Kazakhstan law to the Arranger and Dealer);
2007 EURO €40 million drawdown by JSC Astana-Finance under its US$ 2 billion global medium term note programme (legal advisers as to Kazakhstan law to the Dealer);
2007 US$ 600 million Notes Offering (establishment and drawdown) by Intergas Finance B.V. guaranteed by JSC Intergas Central Asia (legal advisers as to Kazakhstan law to the Lead Managers and Trustee);
2007 US$ 1.2 billion Note Programme by Temir Bank (legal advisers as to Kazakhstan law to the Dealers);
2007 JPY 25 billion Note Trade under US$5 billion Medium Term Note Programme by Kazkommertsbank (legal advisers as to Kazakhstan law to Manager and Trustee);
2007 Kazkommertsbank’s Medium Term Note Programme Update from US$ 3 billion to US$5 billion (legal advisers as to Kazakhstan law to the Arranger);
2007 Kazakhstan Development Bank’s Note Programme Update from US$ 1 billion to US$ 2 billion (legal advisers as to Kazakhstan law to the Dealers).

International Equity Offering:

2008 IPO of a large Kazakhstan oil and gas pipeline construction company (postponed due to unfavorable market conditions);
2007 Alliance Bank IPO: GDR offering at London Stock Exchange (legal advisers as to Kazakhstan law to the Issuer).

Securitisation:

2008 Residential Mortgage Backed Securitisation by a major Kazakhstan bank (legal advisors as to Kazakhstan laws to the Arranger) (postponed due to unfavorable market conditions).

Bank Finance:

2008 US$ 50 million borrowing base loan facility by ABN AMRO Bank N.V. for JSC National Company Food Contract Corporation;
2008 US$ 75 million pre-export finance term loan facility by ABN AMRO Bank N.V. for JSC Kazzinc;
2008 US$ 100 million loan facilities by ABN AMRO Bank N.V. for JSC Holding Kazexportastyk;
2008 US$ 215 million and EURO €80 million main and US$ 15 million bridge loan facilities by a bank syndicate for JSC Samruk-Energy.

M&A:

Acquisition by a state oil and gas holding of a major Kazakhstan oil and gas company (legal advisors as to Kazakhstan laws to bank syndicate);
Acquisition (indirectly) by a top Kazakhstan mining company of three mining companies in Kazakhstan (legal advisors to the Acquirer on applicable Kazakhstan regulatory requirements);
Acquisition by a foreign bank of a Kazakhstan resident bank (legal advisers as to Kazakhstan law to the international finance groups acquiring Kazakhstan banks);
Acquisition by a Kazakhstan resident bank of a Russian resident bank (legal advisers to the Kazakhstan bank).

Bars and Courts
Uzbekistan Bar

Education
Bachelor Degree in Law with Honors, Tashkent State Law Institute, Tashkent, Uzbekistan, 2002

Languages
Russian
English
Uzbek

Citizenship
Uzbekistan