Kinstellar LLP > Almaty, Kazakhstan > Firm Profile
Kinstellar LLP Offices

KURMANGAZY BUSINESS CENTER
61a KURMANGAZY STREET
050000 ALMATY
Kazakhstan
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Kinstellar LLP > The Legal 500 Rankings
Kazakhstan > Banking, finance and capital markets Tier 1
Kinstellar LLP‘s banking, finance and capital markets department combines expertise from lawyers qualified in Kazakhstan, the AIFC, the US and UK. The team is noted for leading international IPOs for fintech companies and, working closely with its corporate and M&A practice, handling significant transactions in the banking sector. Practice heads Joel Benjamin and Adlet Yerkinbayev specialise in capital market deals and high-stakes transactions including trade finance, project finance and debt capital markets, with Yerkinbayev often utilising his understanding of the AIFC and AIX to advise on international transactions. Pavel Kornilov and Yerlan Akhmetov are other key names.Practice head(s):
Joel Benjamin; Adlet Yerkinbayev
Other key lawyers:
Testimonials
‘Professional and competent.’
Key clients
Baiterek National Managing Holding Joint Stock Company
Halyk Bank JSC
Solva Group
Alvari Pte.
KazMicroFinance
European Bank for Reconstruction and Development (EBRD)
Kaspi.kz
Work highlights
- Advised EBRD on its investment in Araltuz, which included drafting the shareholders’ agreement and other corporate documents under AIFC law closely aligned with English law.
- Assisted Kaspi.kz, through its successful upsized U.S. Initial Public Offering.
- Provided advice to Solva on the structuring of ownership and the establishment of a new bank.
Kazakhstan > Commercial, corporate and M&A Tier 1
Noted for its expertise within the banking sector of Kazakhstan, Kinstellar LLP regularly acts as counsel on both the buyer and seller side of M&A transactions for major domestic and international banks. The team is experienced in working on cross-border transactions, including those involving documents governed by English law, with one standout matter involving advising the establishment of a digital bank, which included an in-depth analysis of Kazakhstan’s regulatory framework for digital banking. Joel Benjamin co-leads the practice and has been involved in a broad spectrum of transactions, from trade finance to M&A deals. Adlet Yerkinbayev also co-leads the team and focuses on large-scale M&A projects for clients in the banking sector. Kuanysh Shekerbekov and Kuanysh Kanlybayev are other key names from the firm.Practice head(s):
Joel Benjamin; Adlet Yerkinbayev
Other key lawyers:
Testimonials
‘This practice stands out for its deep industry knowledge, exceptional client commitment, and a proactive approach to legal challenges. Potential clients would appreciate the breadth of team’s capabilities.’
‘Kinstellar is distinguished by its client-focused approach, providing tailored legal strategies that address both corporate and non-standard, complex issues. The team excels in navigating intricate legal challenges, offering deep expertise.’
‘The team is extremely hard-working, responsive and adopts a very commercial and international approach to work, which is unique in the areas they operate in.’
‘Kinstellar was outstanding in the representation our company. All the attorneys were very responsive and knowledgeable in a number of different practice areas.’
Key clients
Baiterek National Managing Holding Joint Stock Company
Halyk Bank
Solva Group
Alvari
KazMicroFinance
European Bank for Reconstruction and Development
Kaspi
China Petroleum & Chemical Corporation
Work highlights
- Advising Baiterek National Managing Holding Joint in connection with the sale of Bereke Bank.
- Advised Halyk Bank on the sale of 100% of its shares in Kyrgyzstan to a consortium of buyers within the investment group VIsor International DMCC.
- Provided legal advice to Solva on the structuring of ownership and the establishment of a new bank.
Kazakhstan > Dispute resolution Tier 1
Kinstellar LLP specialises in a range of domestic and cross-border disputes, including commercial, construction, environmental and labour disputes. The team is active in representing clients before both the AIFC Court and the AIFC International Arbitration Centre, especially in sectors such as oil and gas and financial services. Dispute resolution department head Ardak Idayatova, who recently joined from AEQUITAS, focuses on commercial arbitration and litigation, and advises clients in foreign commercial arbitrations in connection with construction disputes arising out of different contracts based on FIDIC models. Farukh Iminov also recently joined the firm from AEQUITASÂ and is experienced in handling disputes with government agencies, and Dinara Nurgazy is a further key name.Practice head(s):
Ardak Idayatova
Other key lawyers:
Dinara Nurgazy; Farukh Iminov; Nurbek Zhangaliyev
Key clients
KSID
Work highlights
- Advised a client in connection with Supreme Court proceedings related to the invalidation of the sale of a company and 21 land plots.
Kazakhstan > Energy and natural resources Tier 1
Kinstellar LLP advises international clients active in the oil and gas, power, mining and renewables industry in work ranging from energy M&A, to environmental issues and energy litigation and arbitration. Almas Zhaiylgan leads the practice and assists clients on upstream exploration and production projects. In cross-border matters, managing partner Joel Benjamin focuses on major energy, infrastructure and mining projects, and deals with both transaction counterparties and regulators. Adlet Yerkinbayev specialises in transactional and corporate work that intersects with the mining and renewables sectors. Zhandaulet Sholanov joined from AEQUITAS in January 2025.Practice head(s):
Almas Zhaiylgan
Other key lawyers:
Key clients
European Bank for Reconstruction and Dvelopment (EBRD)
China Petroleum & Chemical Corporation
Alvari
Work highlights
- Advised EBRD on its investment in Araltuz, which included due diligence of the company and drafting the shareholders’ agreement and other corporate documents under AIFC law.
- Advising China Petroleum & Chemical Corporation (Sinopec) on its participation in the development of a gas chemical complex for polyethylene production in the Atyrau region.
- Provided legal advice to Alvari and other co-investors regarding their participation in a closed tender to acquire shares in a newly formed company holding subsoil use rights in Singapore and Malaysia.
Kazakhstan > IP and TMT Tier 1
Kinstellar LLP is active in assisting clients in the telecommunications sector, often combining its expertise in project development and corporate and M&A to assist technology clients in a range of issues including data protection and digitalisation projects. Managing partner Joel Benjamin covers the Almaty, Astana and Tashkent offices, and Kuanysh Kanlybayev‘s expertise extends to advising on regulatory frameworks and data privacy challenges, as well as digital transformation. Adlet Yerkinbayev is also a key name.Other key lawyers:
Kazakhstan > Real estate and construction (including projects) Tier 1
Kinstellar LLP continues to advise clients on real estate and construction transactions, as well as handling project development issues in the natural resources, oil and gas and TMT sectors. Joel Benjamin combines his expertise in corporate and commercial deals to advise on high-profile construction projects.Other key lawyers:
Key clients
China Petroleum & Chemical Corporation (Sinopec)
Work highlights
- Providing legal advice to China Petroleum & Chemical Corporation (Sinopec) on its participation in the development of a gas chemical complex for polyethylene production in the Atyrau region.
Kinstellar LLP > Firm Profile
The firm:Â 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.
Main Contacts
Department | Name | 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 |
Lawyer Profiles
Photo | Name | Position | Profile |
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Mr Yerlan Akhmetov | Counsel | View Profile |
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Mr Joel Benjamin | Managing Partner | View Profile |
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Mrs Ardak Idayatova | Partner | View Profile |
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Pavel Kornilov | Counsel | View Profile |