Firm Profile > Kinstellar LLP > Almaty, Kazakhstan

Kinstellar LLP
050000 ALMATY

Banking, finance and capital markets Tier 1

As one of the leading Kazakh firms in banking and finance, Kinstellar LLP regularly handles a broad range of high-profile, complex transactions. Recently, the team has expanded the practice to advise clients in the renewable energy sector, and has advised on all but one of the major international IPOs out of Kazakhstan. Team co-heads Joel Benjamin and Adlet Yerkinbayev have extensive experience in corporate and commercial deals, and associate Yerlan Akhmetov specialises in capital markets, banking and finance, and M&A mandates.

Key clients

European Bank for Reconstruction and Development

Commercial, corporate and M&A Tier 1

Kinstellar LLP advises on commercial, corporate and M&A transactions, with a substantial focus on the mining, banking, telecoms and gas sectors; the 'elite' group also has expertise in the pollution industry and frequently advises clients on renewable finance issues and capital markets work. Team leader Joel Benjamin has experience in corporate and commercial deals and has recently been active in M&A transactions and finance and capital markets mandates. Adlet Yerkinbayev focuses on M&A, capital markets and banking and finance work, and recently advised on the acquisition of Kazkommertsbank by Halyk Bank, one of the largest M&A deals in the Kazakhstan banking sector. Senior associate Kuanysh Shekerbekov is also a key name to note.

Practice head(s):


Kinstellar has one of the strongest and experienced corporate teams in Kazakhstan. They are always very commercial and responsive to client’s needs, even under tight deadlines. This makes them very reliable.

We usually work with Adlet Yerkinbayev and Kuanysh Shekerbekov for corporate and M&A oriented issues. They are experienced, commercial and responsive. They look at the problems from the perspective of business and try to make the deal happen. They are creative and always seek solutions to issues. They would go the extra mile for their client.

Dispute resolution Tier 1

Kinstellar LLP is praised for its experience in complex commercial disputes, particularly cross-border matters, and also acts for clients in construction, environmental, and customs disputes. The team also frequently represents clients operating in the energy, construction and mining services sectors, and is increasingly involved in arbitration proceedings, tax disputes and criminal investigations. Mukhit Yeleuov is head of the practice in Kazakhstan and has knowledge of the energy, construction, mining and minerals, and pharmaceuticals industries, while senior associate Dina Berkaliyeva has expertise in mining, environmental protection, regulatory compliance and construction matters.

Practice head(s):


The Kinstellar team led by Mukhit Yeleuov is an excellent litigation team with both Kazakh and international experience.

Very strategic thinking; thoughtful and practical approach focused on solving the problem; very willing to partner with their clients; cost-effective; strong technical skill set from partners all the way down through the team.

Lead counsel Mukhit Yeleuov is outstanding, reliable and extremely pleasant to work with.

Mukhit Yeleuov is very responsive, thoughtful, technically skilled and very good to work with.

Energy and natural resources Tier 1

Kinstellar LLP is active in the energy and natural resources sectors, and has a strong reputation, which attracts a high-profile list of blue-chip clients in the oil and gas, mining, and conventional and renewable power generation industries. The team was recently strengthened by the arrival of group head Almas Zhaiylgan from Dentons in 2018, who is an expert in a range of energy and natural resources work. Joel Benjamin has experience in corporate and commercial deals, while Lena Makarenko focuses on subsoil, energy, M&A, project finance, capital markets and corporate law mandates.

Practice head(s):


Kinstellar has one of the strongest and experienced corporate teams in Kazakhstan. They are always very commercial and responsive to client’s needs, even under tight deadlines. This makes them very reliable.’

After working with a few other firms on a long-running and drama-filled matter, Kinsteller was able to provide an international-level of service while getting the deal to a relatively swift and positive conclusion. Very responsive, knowledgeable and professional.

Joel Benjamin, partner, and Assel Mussina, senior associate, were a great combination combining an understanding of an international client’s concerns with local know-how and a positive attitude.

IP and TMT Tier 1

Kinstellar is singled out for its advice to clients in the IP and TMT sectors, which encompasses assisting with corporate matters and complex legal research. The department has advised major international law firms on Kazakhstan law and also acts for several mobile operators in Kazakhstan. Joel Benjamin has experience in telecoms matters and assists clients with mandates in Uzbekistan and Kyrgyzstan; while Adlet Yerkinbayev focuses on M&A, capital markets and banking and finance-related matters in Kazakhstan.

Real estate and construction (including projects) Tier 2

Kinstellar advises clients on significant transactions across the real estate, infrastructure, energy and natural resources sectors. The practice also handles hotel development and management issues, and disputes relating to construction matters and projects. Team leader Joel Benjamin has substantial experience in corporate and commercial deals, and has played a leading role in multiple real estate and construction projects. Senior associate Assel Mussina advises clients on lending, real property and hotel management matters.

Practice head(s):

Key clients

European Bank for Reconstruction and Development (EBRD)

The firm: Kinstellar is a leading independent law firm in emerging Europe, Turkey and Central Asia, with offices in Almaty (Kazakhstan), Belgrade (Serbia), Bratislava (Slovakia), Bucharest (Romania), Budapest (Hungary), Istanbul (Turkey), Kyiv (Ukraine), Prague (the Czech Republic) and Sofia (Bulgaria).

The firm’s office in Almaty was launched in 2013, and has experts working with years of experience assisting leading investors in Kazakhstan and across Central Asia. The team of international and local lawyers, led by a US partner with more than a decade of on-the-ground experience, is highly regarded and widely viewed by leading international law firms as the go-to team in Kazakhstan for complex transactions.

As part of Kinstellar’s seamless cross-border coverage, the Almaty office provides a wide range of legal services and is particularly strong in banking and finance, capital markets, dispute resolution and corporate and M&A.

Kinstellar serves a broad range of leading international and domestic clients active in Kazakhstan and across Central Asia. The firm’s legal experts bring international experience and local knowledge in key sectors of the Kazakh economy such as oil and gas, mining, financial services, infrastructure and telecommunications.

Areas of practice: The firm’s focal areas of practice include banking and finance; competition and state aid; compliance, risk and sensitive investigations; dispute resolution; employment and labour law; energy; infrastructure and projects; M&A and corporate; real estate, construction and planning; restructuring and insolvency and technology, media and telecommunications.

Department Name Email Telephone
Banking, finance and capital markets Joel Benjamin
Dispute resolution Mukhit Yeleuov
Energy Joel Benjamin
Infrastructure and projects Joel Benjamin
Infrastructure and projects Adlet Yerkinbayev
M&A and corporate Adlet Yerkinbayev
Restructuring and insolvency Joel Benjamin
Number of lawyers : 200
Other offices : Belgrade
Other offices : Bratislava
Other offices : Bucharest
Other offices : Budapest
Other offices : Istanbul
Other offices : Kyiv
Other offices : Prague
Other offices : Sofia