Debt Capital Markets

Lending

• advice to a creditor, a leading Chinese bank, on the transaction of a USD 7.5 billion financing of the Asian Gas Pipeline;
• advice to EBRD in relation to a KZT 3.1 billion financing for AES Sogrinskaya TETS LLP for the purpose of equipment modernisation;
• advice to EBRD in relation to the financing of a drilling company;
• advice to EBRD in relation to a bank guarantee agreement between EBRD and a Kazakh subsidiary of a large Russian bank;
• advice to EBRD in relation to the financing of RTS Decaux JSC, a telecommunication and media company;
• advice to EBRD in relation to the financing of a Kazakh chemical company for the purposes of plant construction;
• advice to EBRD regarding its questions relating to  a guarantee issued by a Kazakh company in a transaction on the financing of a Kyrgyz beverage producing company;
• advice to EBRD on a syndicated loan to a Russian group of companies including advice on the issues of a Kazakh company pledging its shares, movable and immovable property;
• advice to International Financial Corporation on its transaction of financing of a Kyrgyz trade company, including advice relating to guarantees issued by Kazakh individuals;
• advice to International Financial Corporation on the refinancing of a developing company;
• advice to two large Kazakh banks on a syndicated loan facility to a Kazakh mineral fertilizer producer, including a pledge of movable and immovable property;
• advice to a French bank on the financing of a large metallurgic company;
• advice to a French bank on a financing transaction relating to the largest uranium company in Kazakhstan;
• advice to the companies - borrowers in the  transaction on the financing of JSC “Alliance Bank”;
• advice to a leading Chinese bank on the financing transaction of a Kazakh mining company;
• advice to a US fund on the financing of a Kazakh microcredit organisation;
• advice to a syndicate of banks in relation to the pledge provided by a group of Kazakh agricultural companies, including the review of pledge receipts, land plots pledges and guarantees issued by the group of companies;
• advice to a Kazakh subsidiary of a large Scotland bank in relation to a pledge of grain and agricultural equipment;
• advice to a Dutch bank in relation to the provisions and release of grain pledge, registration of grain pledge agreements;
• advice to a large Bahraini bank in relation to the financial liabilities of its Kazakh subsidiary;
• advice to a large Scotland bank on the financing of an oil company;
• advice to a Dutch bank on issues relating to applicable laws and the means of disputes resolution in financing transactions;
• advice to a German bank on a refinancing transaction and guarantee terms of the debt of a Kazakh bank;
• advice to a foreign creditor on issues on the assignment of facility agreement rights;
• advice to an Austrian bank on the financing transaction of a Russian company and issuing a guarantee by a Kazakh company;
• advice to a Swedish telecommunications operator’s subsidiary company on its financing transaction;
• advice to foreign creditors on a transaction relating to the refinancing of a large Kazakh mining company as well as an extension of its guarantee terms;
• advice to a Singaporean bank on the financing transaction of a company issuing a guarantee as well as issues regarding a future receivables pledge;
• advice to Korean creditors on a transaction relating to the assignment of a facility agreement;
• drafting Intercreditor Agreements on a transaction relating to the producers financing of appliances;
• advice to a syndicate of banks on the financing of a foreign company, including a pledge of  shares and bank account by affiliated companies – residents of the Republic of Kazakhstan; and
• advice to a French Bank on the financing of a transport company, including a pledge of railway cars.

Eurobonds

• advising dealers and a trustee on a USD 3 billion transaction on the Euro Medium Term Note Programme of Eurasian Natural Resources Corporation PLC, guaranteed by Kazakh guarantors;
• advising Alliance Oil (the issuer) and a Kazakh guarantor regarding a USD 300 million Eurobonds issuance;
• advice to an international investment company on the seniority of bonds; and
• advice to EBRD on the legal and regulatory framework of debt capital market in the Republic of Kazakhstan including continued recommendations on the development and amendment of legislation.

Equity Capital Markets

IPO

• advice on the proposed LSE IPO of a metallurgic company with substantial assets in the Republic of Kazakhstan;
• advice to ABN Amro Rothschild, Deutsche Bank, Credit Suisse and Morgan Stanley as underwriters in the IPO of Eurasina Natural Resources Company;
• advice to JP Morgan on the IPO of Arawak Energy;
• advice to Deutsche Bank and Credit Suisse on the IPO of JSC “Halyk bank”;
• advice to Numis as an underwriter in the IPO of Bateman Litwin; and
• advice to a gold mining company on additional emission of shares on the London stock Exchnage.
  

M&A

• advice to a leading Indian bank, Punjab National Bank, on its acquisition of JSC Danabank;
• advice to a Kazakh gold mining company on its transaction of GDR issuance;
• advice to a large Scottish Bank’s subsidiary regarding Kazakh law issues relating to the sale of the bank’s shares; and
• advice to a Kazakh construction company on the sale of its shares with option.

Project Finance

• advice to EBRD on the financing of a state-owned company with the purpose of modernising its water and heating systems in the City of Aktau within the Republic of Kazakhstan;
• advice to EBRD on the financing of a water supply and waste water services company in the City of Shymkent within the Republic of Kazakhstan;
• advice to Korean investors on the development, financing, construction, operation and maintenance of the Balkhash thermal power plant (ongoing debut IPP project in the Republic of Kazakhstan);
• advice to Korean investors on the development, financing, construction, operation and maintenance of a 100 ~ 150 MW combined-cycle gas-fired power plant in the Kyzylorda region within the Republic of Kazakhstan (ongoing);
• advice to an international bank on financing the modernisation of electric networks of a City within the Republic of Kazakhstan;
• advice to a German bank on the proposed construction of a regional power station  including issues of financing;
• advice to a Russian company on the construction of a mineral fertilizers plant in the Republic of Kazakhstan;
• advice to a Kazakh company on the construction of wind power stations, including issues on tariff regulation and feasibility study;
• analysis of draft tender documentation for PPP of the centre of the City of Karaganda within the Republic of Kazakhstan; and
• advice to a foreign investor on the proposed construction of a regional power plant in one of the cities of the Republic of Kazakhstan.

Asset Finance and Leasing

Sea vessels finance

• advice to the International Finance Corporation on its financing of a sea vessels purchase and the mortgage of a fleet; and
• advice to the Eurasian Development Bank on the financing of the construction of sea vessels and the purchase and mortgage of vessels under construction.

Aircraft finance

• acting as Kazakh legal counsel on behalf of a foreign lessor and the security trustee on matters relating to Kazakhstan legislation in connection with an aircraft lease (Ijara) agreement;
• acting as Kazakh legal counsel on behalf of a foreign lessor on  matters relating to Kazakhstan legislation in connection with an aircraft engine lease agreement; and
• advice to a Chinese bank on its acquisition transaction and further pledge of aircrafts and aircraft engines located in the Republic of Kazakhstan.

Islamic Finance

• advice to the Islamic Development Bank on a Murabaha (Shariah compliant) transaction;
• advice to an agricultural holding on a financing transaction by the Islamic Development Bank;
• advice on a potential transaction regarding the issuance of sovereign sukuk (ongoing); and
• advice to a creditor on the transaction of Idzhara (leasing), including issues of an aircraft motor pledge.

Insolvency & Restructuring

• advice to foreign creditors of JSC “Alliance Bank” on restructuring;
• advice to foreign creditors on the debt restructuring of JSC “BTA Bank”;
• advice to foreign creditors on the restructuring of JSC “TemirBank”;
• advice to the Export Credit Agency on the restructuring of JSC “Astana Finance”;
• advice to a group of affiliated companies regarding the restructuring of a bank debt;
• advice to a foreign bank on the restructuring and debt recovery issues of a Kazakh company;
• advice to Eurobonds holders on issues relating to the default by an issuer holding material amounts of its assets within the Republic of Kazakhstan;
• advice to a syndicate of banks on the restructuring of debt of “Ivolga” LLP;
• advice to a large Turkish company on the restructuring of its debt to a Kazakh bank, including questions on debt forgiveness;
• advice to the bondholders of an oil company on its potential debt restructuring; and
• advice to a bank on the enforceability of its guarantee and letter confirmation issued by a Kazakh bank currently under debt restructuring.

Insurance Market

• advice to an underwriter on issues relating to Kazakh satellite insurance;
• advice to a large US insurance company regarding the determination of an insured event;
• advice to an insurance broker on issues of carrying out insurance broker activities within the Republic of Kazakhstan and working on an insurance broker agreement;
• advice on the types of permitted activities of an insurance broker;
• advice to an insurance broker in intergroup financing;
• advice to a foreign insurance company on reinsurance regulation;
• advice to the Bank of China on insurance and reinsurance regulation;
• advice to an insurance broker on the regulation of activities, including the possibility of such an insurance broker to keep a fiduciary account of its clients; and
• arafting an insurance agreement for a large insurance company.

Derivatives and Structured Finance

• advice to a foreign financial company on the offering and sale of derivatives products in  the Republic of Kazakhstan as well as advice on the local legal framework for derivatives; and
• advice to a Canadian investment bank on the legal and regulatory framework of derivatives in the Republic of Kazakhstan and enforceability of ISDA agreements in the Republic of Kazakhstan.

Currency Regulation 

• advice to a syndication of banks on currency-related issues relating to a USD 300 million facility of a large Kazakh uranium company;
• advice to an insurance broker on currency-related issues arising from the remittance of insurance premiums from foreign insurance to a Kazakh insurance company;
• advice to a leading international bank regarding currency-related issues relating to loan transactions;
• advice to a Russian metallurgic company on currency regulation issues; and
• advice to an international agricultural holding on currency regulation.