Shaimerden Chikanayev has over 13 years of experience in Kazakhstani legal services market as well as big experience in matters dealing with former Soviet Union and Central Asia.
Currently Shaimerden Chikanayev is a partner, Global Head of the GRATA International law firm’s Banking & Finance practice. Mr. Chikanayev focuses his practice on a wide range of finance and M&A transactions, including project finance and capital markets, public-private partnership (PPP) and infrastructure transactions, and workouts and restructurings in many industries.
Shaimerden has developed concentrated knowledge in a wide range of industries, in particular in energy, mining, power generation/transmission, utilities and social infrastructure, financial services and transportation.
Mr. Chikanayev is admitted to practice in Kazakhstan from 2003. Shaimerden passed exams of the Ministry of Justice of Kazakhstan to be a notary and he has a license of the advocate. Chambers, Legal 500, Asialaw Profiles and International Financial Law Review consistently rank Shaimerden among the top Kazakhstan lawyers for his experience in project finance, M&A and capital market.
Noted for his cutting-edge knowledge of his PPP practice area, Shaimerden has written on related topics for professional journals, and he is a senior lecturer of the corporate law and civil law practical courses at the Adilet Law School of the Caspian University (Almaty).
Shaimerden is a member of expert council on PPPs at the National Chamber of Entrepreneurs of Kazakhstan.
PhD programme (candidate of legal sciences) of the Kutafin Moscow State Law University (Russia), current extramural student, degree expected 2019;
LL.M. from the Duke University School of Law (USA), 2006;
Specialist degree in law (JD equivalent) from the Eurasian National University Faculty of Law (Kazakhstan), 2003;
Completed non-degree course of studies for foreign diplomats in the China Foreign Affairs University (PRC), 2003.
Project finance and PPP
Insolvency and bankruptcy
Power generation and Utilities
Financial services and Banking
What Clients Say:
Shaimerden Chikanayev provides international financial institutions with local law support on project financing and transactional matters. Sources describe him as "enthusiastic and thorough" and as "very good, very sensible."
Chambers Asia Pacific:
Shaimerden Chikanayev provides domestic law support to international financial institutions involved in local project financings. He is known in the market for his experience on PPP mandates. He assisted the EBRD with a number of high-value loan arrangements to prominent Kazakh banks.
- 'Project Finance and PPP legal framework' (The European Lawyer Reference Series: Project Finance Jurisdictional Comparisons, 2012)
- Article on Kazakhstan capital market developments (EBRD Magazine 'Law in Transition', 2012)
- 'Legal aspects of reinsurance from Kazakh law perspective' ('Securities Market Magazine', Almaty, 2009)
- 'Attracting Private Investment to develop Kazakhstan's Infrastructure: a Lawyer's perspective' (Investors Voice, 2014)
- Contracting for Debt Restructuring: Main Issues and Solutions
- Legal Alert On Kazakhstan Banks M&A
- Investing in Kazakhstan's power industry: The legal framework (Investors Voice, 2014)
- Taking security in Kazakhstan
- Natural monopolies regulation in Kazakhstan
- The International Comparative Legal Guide to: Project Finance 2015 Edition (ICLG, 2015)
- Public Private Partnership Contract as a New Civil Law Institution in the Republic of Kazakhstan
- Bankruptcy or Restructuring? The Dilemma of a Creditor and a Debtor in Kazakhstan
- Legal framework of securities market (including IPOs and Eurobonds) in the Republic of Kazakhstan
- Major Kazakhstan legislation changes for 2015
- Financing Renewable Energy Projects in Kazakhstan 2016
- Financing Agribusiness in Kazakhstan 2016
- PPP in Kazakhstan
- Corporate Recovery & Insolvency 2016: Kazakhstan
- Public-private partnership in Kazakhstan: regulatory framework and practice;
- Public Procurement 2017: Kazakhstan
- Islamic Finance in Kazakhstan (2017, Islamic finance news, Special Report)
- Chinese FDIs under the One Belt One Road Initiative: Kazakh law aspects and perspectives
- Kazakhstan - Data Protection in the Financial Sector 2017
- Renewable energy projects – next destination for investments in Kazakhstan (2018)
Advised an International Financial Institution and the Government of Kazakhstan (represented by the Ministry of Health) on a ground-breaking PPP project in healthcare system.
Acted for the Kazakhstan Project Preparation Fund on a concession project concerning a new technical college in South Kazakhstan.
Advised a private partner on construction (infrastructure) of a road checkpoint and a transport and logistics center on the section of the Almaty-Khorgos highway of the international transit corridor “Western Europe – Western China” as a debut PPP project of a national level in Kazakhstan under the PPP Law legal framework. One of the first PPP projects initiated by way of the so-called direct negotiations (i.e. without a tender). So far this is the only executed PPP agreement where two different state agencies acted on behalf of the public partner.
Advised Akimat (mayor) of Almaty city on Kazakh law issues on its various municipal level PPP projects, including bus transit system, solid domestic waste plant, velodrome and others.
Advised a foreign investor on implementation of the potential toll road project as a PPP.
Advised International Finance Corporation (IFC) and the Government of Kazakhstan on the BAKAD, pilot concession project valued at more than 1 billion US dollars in transport sector (toll-road).
Acted as a Kazakh legal counsel for Samsung C&T and KEPCO on the Balkhash Power Plant project (debut USD 4 billion Independent Power Producer project in Kazakhstan), including negotiations with Government of Kazakhstan and respective state agencies and drafting unprecedented international treaty between Kazakhstan and South Korea that supersedes national legislation.
Advised EuroChem, Russia’s largest mineral fertilizer producer on the construction of Chemical Producing Plant in south Kazakhstan (USD 2 billion total value infrastructure project) where I among other things, drafted and negotiated with the Government of Kazakhstan and respective state agencies unprecedented host government agreement between the Republic of Kazakhstan and a foreign investor;
Advised China Development Bank (CDB) and Bank of China (Hong Kong) Limited on a USD 7.5 billion syndicated secured loan facility to Asia Gas Pipeline LLP to finance the Central Asia-China gas pipeline project, that forms the backbone of infrastructure connections between Central Asia and China.
Advised Asian Development Bank on the study and recommendations for alternative approaches to financing of municipal housing and utilities infrastructure in the Republic of Kazakhstan, including work on improvement of the related PPP and project finance legislation.
Represented a number of foreign solar and wind developers in the negotiation of power purchase agreements, feed-in tariffs and site leases.
Advised IFC, Asian Development Bank, European Bank for Reconstruction and Development, Eurasian Development Bank, Islamic Development Bank, China Development Bank and other international financial institutions on numerous project finance and infrastructure transactions in Kazakhstan and Central Asia
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This Law determines legal conditions of concession, types of state support of concessionaire and regulates social relations arising during conclusion, execution and termination of concession agreements.
This Law determines legal conditions of public-private partnership, ways of its implementation, and regulates social relations arising during preparation and implementation of public-private partnership projects, execution, performance and termination of public-private partnership agreements.
Although the Kazakhstan securities market is the most developed in Central Asia, its development has been slow compared to the country’s banking sector.
On 5-7 September 2018, a IBA Europe-Caucasus-Asia Forum 2018 was held in Almaty.
The Law on Amendments Intended to Improve Business Conditions (the “Business Improvement Law”) came into effect on 12 March 2017, except certain provisions.
The purpose of the Business Improvement Law is to further improve the investment climate in line with the general policy of the country to support local entrepreneurs and foreign investors.
On 5-7 September 2018, a IBA Europe-Caucasus-Asia Forum 2018 will be held in Almaty.
Renewable energy development has recently become hot topic in Kazakhstan that is actively being discussed among market existing and potential participants, relevant state bodies including the Ministry of Energy of the Republic of Kazakhstan (the “MoE”), international development institutions and other stakeholders.
Kazakhstan has high ambitions in China’s Belt and Road initiative (BRI) as it is geographically an ideal junction between China and the west.
On 3-4 July 2018, an International PPP Finance Summit 2018 took place in London, UK.
Modeled on the Dubai International Financial Centre, the Astana International Financial Centre (AIFC) was officially launched on the 5th July this year, established with the aim of bridging the gap between the world’s major fi nancial centers and a regional gateway for capital and investments.
On 19-20 July 2018 a seminar on "Practical aspects of the application of public-private partnership mechanisms for infrastructure development" will be held in Astana.
Since 1991, Kazakhstan, Central Asia’s largest economy and oil producer, has had to rely on the deteriorating infrastructure it inherited from the Soviet Union.
On 8 June 2018 a Renewable Energy Summit was held in Astana.
On 3-4 July 2018 an International PPP Summit 2018 will take place in London, UK.
As the Central Asia’s largest and richest country, Kazakhstan has a lot of natural advantages for the development of renewables, including 3,000 hours of solar radiation a year and the average annual wind speed of nine meters per second in some parts of the country.
On 23-25 April, the English Law Summit was held in Astana and Almaty, where GRATA International Law Firm took an active part.
From 23-25 April 2018 the English Law summit, organised by the Law Society (UK) in partnership with the Bar Council (UK), the UK Ministry of Justice and the British Embassy in Astana will take place in Astana and Almaty.
The event that was held on February 27th, in Moscow (Russia) attracted 456 senior level decision makers, who came together to discuss the opportunities in the Russian & CIS capital markets industry.
In this article, SHAIMERDEN CHIKANAYEV outlines some of the key legal developments and challenges faced by the Islamic finance market in Kazakhstan in 2017 and provides an overview of some of the major factors that will shape the Islamic finance industry's growth and trends in Kazakhstan in 2018.
GRATA International contributed to LexisNexis Mergers & Acquisitions Law Guide 2018. Special Focus - One Belt One Road China Investment.
GRATA International performed exceptionally well in this year’s rankings as its Azerbaijan, Kazakhstan, Kyrgyzstan, Tajikistan and Uzbekistan offices were ranked by Chambers Asia-Pacific 2018, confirming GRATA International's dominant position in Central Asia.
Since 1991, Kazakhstan, Central Asia’s largest economy and oil producer, has had to rely on the deteriorating infrastructure it inherited from the Soviet Union. As a result, nearly every piece of public infrastructure (e.g., roads, hospitals, power plants, kindergartens, sewerages) in Kazakhstan requires a different degree of upgrading or expansion. It is expected that proper PPPs and project finance deals will finally take off in Kazakhstan in the near future, firstly because proper legislation on PPPs has been put in place in 2015 and, secondly, after decades of neglect, the government of Kazakhstan has finally not only declared, but seems to confirm its readiness to improve the investment climate and to attract private investments through PPPs (including into the housing and utilities sector) and decided to invest at least part of the wealth from commodity exports in long-postponed infrastructure projects.
We are proud announce that GRATA International has been ranked as an Outstanding Law Firm by Asia Law Profiles 2018
On 7 November 2017, a round table ‘Strategy 2025’ was held in Almaty.
On 2-3 November 2017, the XII Forum of Corporate Lawyers was held in Almaty. GRATA International took part in the Forum as speakers.
GRATA International is delighted to confirm that Shaimerden Chikanayev has been endorsed as a Highly regarded lawyer for Financial & Corporate law following client and peer recommendations during IFLR1000's research process.
Over the past 25 years Kazakhstan has developed its own financial sector, which is considered to be the most advanced in Central Asia. With the evolution of financial sector and the complexities of key players involved, the need for regulation of dealing with data arose.
On 28 September 2017, the Kazakhstan Legal Forum 2017 will be held in Almaty at the Inter Continental Hotel.
On 21-22 September 2017, an International Practical Conference was held at the Caspian University in Almaty.
"Current problems of international financial and tax law" international scientific conference will be held on September 21-22 in Caspian University, Almaty.
On 15 September 2017, the workshop on ‘Practical Aspects of PPP Projects’ was held in The Ritz Carlton Hotel, Almaty.
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