Maxim Telemtayev | White & Case LLP International Law Firm, Global Law Practice

Maxim Telemtayev

Partner, Astana

“Sources are impressed by Maxim Telemtayev’s professionalism and deep knowledge of finance and capital markets, noting that he achieves great results in his work… [and] is also skilled in the area of corporate/M&A.”

Chambers Global 2014


With more than a decade's experience in sectors as diverse as energy, mining, power generation and banking, Maxim brings insight and know-how to major local and international clients.

Maxim works at the Firm's office in Astana, but also supports companies with their corporate finance and commercial transactions across central Asia.

He delivers guidance and rigour to large and challenging public and private acquisitions, reorganisations and consolidations and applies his understanding to the transactional documentation and negotiations, legal due diligence and financing considerations of clients' deals.

His clients benefit from his hands-on involvement in their public offerings and listings on the global capital markets as well as in all matters relating to their mergers and acquisitions.

Additionally, Maxim supports the Kazakhstan government and industry bodies in developing relevant foreign investment, natural resources and other legislation.

Bars and Courts

  • Kazakhstan


  • Law Degree, Adilet Law School, Almaty
  • Juridical Translators' Certificate, Adilet Law School, Almaty


  • Russian
  • English


Natural Resources Sector Reform, 2014

Maxim is advising the Ministry of Industry and New Technology on major reform in the natural resources sector, including preparing a new concept and new subsoil use code regulating the entire industry.

Adviser to Kazakhstan Petroleum Association, 2012–2014

Maxim has been a member of the Kazakhstan Petroleum Association. He provided ongoing support in reviewing and delivering commentary on laws and regulations governing subsoil use, as well as on revisions to the most recent Tax Code.

Bank debt restructuring, 2011–2014

Maxim Telemtayev provided legal counsel to BTA Bank, the largest bank in Kazakhstan, on its massive debt restructuring with the creditors, including international financial institutions.

Mining Assets Acquisition, 2013

Maxim has advised the largest zinc company in Kazakhstan, Kazzinc, on its US$200 million acquisition of the mining assets in East Kazakhstan.

Power plant equity acquisition, 2011

Maxim counselled major power industry player from China on its equity acquisition of a major power plant in Kazakhstan.

Foreign investment legislation, 2007–2011

As part of the Legal Working Group, which operates under the Foreign Investors' Council, overseen by the President of Kazakhstan, Maxim helped to develop foreign investment legislation and assisted with major court system reform.

PPP project legislation, 2010

Maxim was engaged by the Ministry of Transport and Communications in Kazakhstan to improve legislation relating to concessions and Public Private Partnership projects.

US$2 billion equity acquisition, 2006-2007

On behalf of the consortium of two major European oil & gas companies, Maxim delivered guidance on the equity acquisition of a major US$2 billion gas deposit located in the Caspian Sea.

Speaking Engagements

"Investing in the Oil and Gas Industry: Legal Risks and Dispute Resolution Issues", October 2009: Kazakhstan International Oil and Gas Conference


  • Legal Aspects of Public Private Partnership projects in Kazakhstan, Oil & Gas Journal, March 2010

Awards & Recognition

Leading Lawyer (Band 1), Chambers Global 2014, Chambers Asia-Pacific 2014

Corporate & Finance—Kazakhstan

Leading Lawyer, Chambers Global 2014, Chambers Asia Pacific 2014

Energy & Natural Resources—Kazakhstan

Ranked Individual, The Legal 500 Kazakhstan 2013

Legal market overview—Kazakhstan

International Who's Who of Business, 2012 and 2013

A mining and world-leading M&A lawyer.