In recent years, increasing number of companies in Kazakhstan are experiencing shrinking asset values and increasing debt burden which all lead to growing default statistics, debt restructuring, and sometimes, to asset recovery and insolvency litigation. Our experience shows that it is extremely important to find a good team of lawyers to accurately navigate complex and frequently vague Kazakh insolvency and bankruptcy law. Creditors should act quickly to register their claims within very limited deadlines set by law and take other effective steps to ensure that their interests are protected. Kazakh debtors may employ a wide range of tactics to avoid liability, including introduction of ungrounded rehabilitation or bankruptcy, challenging transactional documents, including security, etc Dealing with all these issues effectively requires guidance from lawyers experienced in debt restructuring, insolvency, and asset recovery.
The GRATA International’s Restructuring & Insolvency group is recognized as one of Kazakhstan’s leading insolvency teams and it is comprised of experienced transactional finance lawyers lead by Mr Shaimerden Chikanayev, Head of the Firm’s Banking and Finance Practice and litigation lawyers lead by Mr Bakhyt Tukulov, Head of the Firm’s Dispute Resolution Practice.
Our combined team may offer the following services:
General Legal Framework
GRATA International’s Restructuring & Insolvency group is recognized as one of Kazakhstan’s leading insolvency teams. Our recent experience includes the following:
In DEBT RESTRUCTURING:
In INSOLVENCY LITIGATION:
45 Rockefeller Plaza Suite 2000 New York, NY 10111
+1 (212) 332 3299; +1 (646) 387 4757
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