Kazakhstan | White & Case LLP International Law Firm, Global Law Practice



Our on-the-ground team has been representing clients doing business in Kazakhstan since 1992. As our clients take advantage of the advances and investment opportunities taking place in Kazakhstan, which has the largest economy in the Central Asian region, they rely on our global footprint and local experience to realize their business objectives.


Innovations and "firsts"

Many of our deals are acknowledged "firsts" in the market, ranging from early privatization 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, a 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.


Foreign investments

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.


Key teams in Russia, UK, US and China

To convey the best solutions in clients' interests our lawyers work in close cooperation with other offices and key teams in Moscow, London and New York in line with offices in China, combining the Firm's global cross-practice and industry-specific experience with deep knowledge of local law.



Band 1 ranking for Corporate and M&A
Chambers Global 2016

Band 2 ranking for Energy and Natural Resources
Chambers Global 2016

"They are international and they are responsive. We like their approach and their experience seems to be the widest in the region. They know how to solve every problem, which is great, and they can answer every question we come to them with."
Chambers Asia-Pacific 2017

Band 1 ranking for Kazakhstan legal market
The Legal 500 2016

Tier 1 ranking for Financial and Corporate
Tier 2 ranking for Energy and Infrastructure
IFLR1000 2017


Sovereign Bond of Sukuk al-Idjarah
Representation of the Ministry of Finance of the Republic of Kazakhstan in relation to the drafting the legislation model for Islamic Sovereign Bond Issuance of Sukuk al-Idjarah and the relevant amendments to the existing legislation.

Astana International Financial Centre
Representation of the National Bank of the Republic of Kazakhstan in connection with the developing of the model, drafting the Law "On the Astana International Financial Centre" and negotiations with the state officials.

Award winning project finance deal
Representation of the project company and the sponsors in connection with the development and US$4 billion financing of a petrochemical facility in Atyrau, Kazakhstan, including financing from K-Exim and K-Sure. The deal was recognized by Project Finance Awards 2015 (CEE) as the Best Chemical Deal of the Year. This deal was also nominated for Korea Deal of the Year in 2013 by ALB Hong Kong Law Awards.

US$2.5 billion gas pipeline construction financing
Representation of Beineu - Shymkent Gas Pipeline LLP in relation to the financing of the construction of a gas pipeline in Kazakhstan by China Development Bank.

Sale of one of the largest gold deposits in Kazakhstan
Representation of Kazzinc LLP, a subsidiary of Glencore plc, on its sale of Orion Minerals LLP, a company which owns the Komarovskoye gold deposit in the Republic of Kazakhstan, to Polymetal International plc. The total consideration payable to Orion Minerals at completion was US$100 million in cash. In addition, Kazzinc receives a deferred consideration linked to future production from Komarovskoye and future gold price performance. This royalty is calculated on a quarterly basis, payable at gold prices above US$1,250 per ounce, and capped at a total consideration of US$80 million.

First consolidation in Kazakhstan banking sector
Representation of Alliance Bank JSC (now ForteBank JSC) in relation to the restructuring of the financial debt (the second since 2009) and consolidation of TemirBank JSC and ForteBank JSC into Alliance Bank JSC (now ForteBank JSC) — the most complex transaction since the establishment of Kazakhstan's financial services sector.

Acquisition of 100% of mining company shares
Representation of 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.

Market-shaping financial services sector corporate/M&A
Advising HSBC Bank plc on all legal and transactional issues in the US$176 million sale of shares of HSBC Kazakhstan JSC (former Altyn Bank JSC) to Halyk Bank JSC.

First-ever tenge-denominated eurobond by a Kazakhstan issuer
Acting as a transaction counsel for the debut tenge-denominated bond program by KazTransGas Aimak JSC, valued at up to KZT30.5 billion.

Kazakhstan sovereign eurobond offerings
Acting as a counsel to world-leading financial institutions (including Citi Group Global Markets, J.P. Morgan Securities and HSBC Bank plc) 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 (Citi Group Global Markets, J.P. Morgan Securities and Kazkommerts Securities JSC) on Kazakhstan's US$4 billion offering of 10- and 30-year bonds in 2015.