AEQUITAS > Almaty, Kazakhstan > Firm Profile

AEQUITAS
47 ABAI AVENUE
OFFICE 2
ALMATY 050000
Kazakhstan

Kazakhstan > Banking, finance and capital markets Tier 2

Yelena Manayenko and Nurlan Sholanov head the banking and finance practice at AEQUITAS. International clients turn to the firm for its experience in local business and security transactions, bank loans, and the acquisition of assets, shares and commodities. In addition, the group advises on Islamic finance and alternative financing instruments, and has seen recent growth in the number of clients whose activities relate to the use of cryptocurrency in Kazakhstan. Another name to note is senior associate Yekaterina Khamidullina.

Practice head(s):

Yelena Manayenko; Nurlan Sholanov

Other key lawyers:

Yekaterina Khamidullina; Kirill Greshnikov

Testimonials

‘AEQUITAS has assisted us in multiple matters over the past few years in relation to Kazakhstan law, and I have been delighted by their service in all respects.’

Key clients

Forge Global

Coinhub

AKSA

Kazakhstan > Commercial, corporate and M&A Tier 2

Almaty-based partners Yelena Manayenko, Nurlan Sholanov and Yuliya Chumachenko jointly head the corporate department at AEQUITAS. M&A work is a core area of focus for the team, who are able to assist with deal structuring and negotiations, the acquisition of shares and assets, and applications before Kazakhstan's competition regulator. Elsewhere, the practice is renowned for its involvement in the development of Kazakhstan’s corporate legislation, including the civil code, law on limited and additional liability partnerships, and law on joint stock companies.

Practice head(s):

Yelena Manayenko; Nurlan Sholanov; Yuliya Chumachenko

Other key lawyers:

Yekaterina Khamidullina; Alexandr Chumachenko; Larissa Yemelyanova; Tair Kulteleev; Anton Alexeyev

Testimonials

‘A professional team with deep knowledge of the subject. Always very precise in the information and follow the timeline.’

‘Very responsive, digging into the depth of the question and details to give the best solutions.’

‘Aequitas provides very high-quality legal services in Kazakhstan; we had no doubts about who to contact for advice. The work was done clearly within the agreed time frame, and we received the most comprehensive answers to our questions.’

‘Yulia Chumachenko and Anton Alekseev proved to be extremely responsible performers, they were always in touch and explained all the ways to solve our issue as clearly as possible.’

‘Highly professional and business oriented. They’re one of the best law firms I’ve ever worked with.’

‘Yulia Chumachenko is a great lawyer. I hope there will be some new projects with her and the team in the field of pharmaceutical/corporate law.’

Key clients

UK Investment Company

Thyssenkrup

Faberlic

DAI

Berlin Chemie

Johnson&Johnson

Transportation holding

Elements

German Pharmaceutical Company

Kazakhstan > Dispute resolution Tier 2

AEQUITAS focuses on complex cross-border litigation and commercial arbitration, as well as investment arbitration, in matters that are predominantly based outside of Kazakhstan. In cases with a foreign element, the team collaborates with specialists from respective jurisdictions, bringing outbound work to international law firms. Practice head Ardak Idayatova, who also heads the firm’s infrastructure and PPP practice, has extensive experience of construction arbitration, particularly those concerning FIDIC contracts. Elsewhere, the group has expertise in disputes connected to employment, banking and bankruptcy, among others. Valikhan Shaikenov left the firm in February 2022 to found Shaikenov Law Experts (SHEL).

Practice head(s):

Ardak Idayatova

Other key lawyers:

Farukh Iminov

Testimonials

‘A professional team with deep knowledge of the subject. Always very precise and follow the timeline.’

‘Very responsive, digging into the depth of the question and details to give the best solutions. Thoroughly prepared and open to discussion.’

Key clients

Unilever Kazakhstan LLP

Leighton Agrio Ltd

Anahata Solutions S.R.O.

 

Kazakhstan > Energy and natural resources Tier 2

AEQUITAS‘ energy and natural resources department focuses on subsoil use (oil and gas and solid minerals), with the team acting for leading mining and processing companies. The group have experience advising on a diverse range of issues, including M&A, financings and business structurings, as well as mineral exploration and production contracts between investors and the state. It is also well-placed to handle international arbitration proceedings and litigation in the Kazakh courts to settle mining-related disputes. Almaty-based partners Yelena Manayenko and Nurlan Sholanov head up the practice, which also includes managing partner Olga Chentsova.

Practice head(s):

Yelena Manayenko; Nurlan Sholanov

Other key lawyers:

Key clients

UK Investment Company

Petroleum processing and petrochemical companies

Global independent producer of electrical energy

Kazakhstan gold mining and production company

Kazakhstan > Real estate and construction (including projects) Tier 2

The construction and real estate department at AEQUITAS is known for its involvement in the construction of major industrial and social facilities, as well as large residential complexes in Kazakhstan. Construction-related litigation and international arbitration form a significant portion of the team’s workload, although it is also well-placed to provide foreign investors with transactional advice in relation to land plots, buildings, and residential and administrative compounds. Ardak Idayatova and Nurlan Sholanov jointly head up the practice. Valikhan Shaikenov left the firm in February 2022.

Practice head(s):

Ardak Idayatova; Nurlan Sholanov

Kazakhstan > IP and TMT Tier 3

AEQUITAS‘ work in the TMT space includes transactional M&A support, licensing matters and advice on the use of modern information technologies and equipment. The firm has been recently engaged by clients operating in the pharmaceutical, telecommunications and fintech sectors, such as Digital Health Technologies and Coinhub. Nurlan Sholanov – whose focus encompasses corporate law and project finance – heads up the practice. Senior associate Tair Kulteleev is also noted. All named lawyers are based in Almaty.

Practice head(s):

Nurlan Sholanov

Other key lawyers:

Testimonials

‘Fast and precise answers were the main factors in choosing this law firm.’

‘Tair Kulteleev was our main contact and was always available to answer our questions.’

Key clients

Berlin Chemie

Elements

Coinhub

Digital Health Technologies

Forge Global

Kazakhstan > Tax and customs Tier 3

Almaty-based partners Yuliya Chumachenko and Ardak Idayatova jointly head up the tax and customs practice at AEQUITAS. Praised by clients for its ‘deep knowledge‘, the team has experience in tax disputes before tax authorities, as well as in matters involving tax return completion, tax registration, and the drafting of IFRS-compliant accounting tax policies. The practice’s recent workload has largely revolved around clients operating in the pharmaceutical sector, including some of the world’s foremost multinationals, as well as a number of energy sector players. Other key individuals include senior associates Larissa Yemelyanova and Alexandr Chumachenko.

Practice head(s):

Ardak Idayatova; Yuliya Chumachenko

Testimonials

‘A professional team with deep knowledge.’

‘Very responsive, digging into the question and details to give the best solutions.’

‘AEQUITAS provides very high-quality legal services. The work was done clearly and within the agreed time frame. We received the most comprehensive answers to our questions.’

‘Extremely responsible and always in touch.’

Key clients

Johnson&Johnson

Digital Health Technologies

Sotex

DAI

AEQUITAS, a Kazakh national law firm, was founded in 1993. One of the founding partners was Professor Yuri G. Bassin, Doctor of Law, a forefather of civil law science in Kazakhstan.

In the early 90s, AEQUITAS was one of the first firm’s to provide legal support both to foreign investors coming to Kazakhstan’s market and to those starting domestic businesses. The first joint ventures with foreign participation in Kazakhstan were organized with AEQUITAS providing the legal support.

AEQUITAS is one of Kazakhstan’s leading law firms acknowledged in the global legal services market. For many years, authoritative legal guides, such as Chambers & Partners, The Legal 500, and Who’s Who Legal, have rated AEQUITAS,  its partners and associates as the country’s most recommended law firm.

AEQUITAS’ clients are companies active in the leading sectors of economy from more than 50 countries, including major international corporations, companies representing world famous brands, banks and financial institutions, most of them have worked with AEQUITAS for many years.

AEQUITAS lawyers have been actively participating in the development and improvement of the most important legislative acts governing market relations and business activities in Kazakhstan. This allows the firm not only to keep abreast of potential amendments in legislation, but also to influence, to a certain extent, the making of the rules of the game.

The firm has offices in Almaty and Astana (Kazakhstan).

In 2019, AEQUITAS has become an AIFC Participant, and is doing business in the Astana International Financial Centre (AIFC) as AEQUITAS Law Firm (AIFC Branch) and providing legal services under the commercial license No. AFSA-O-CD-2019-0063.  The branch office is located in the same building as the AIFC Court and International Arbitration Center.

Our values

Our values are the key principles our practice and team relationships are built upon.

We take pride in unswervingly discharging our responsibilities when helping clients and business partners achieve their goals. We take pride in being trusted. We are appreciated for high quality services, honesty, transparency and efficiency. We aspire for leadership, upholding traditions and finding new solutions, and seek to meet and exceed expectations.

We value our people and care about them. We trust each other. We believe in each one’s personal contribution to the general cause. Our firm is blessed with an atmosphere of mutual respect, team spirit and everybody’s high involvement, which are the fundamentals of our continuing success.

Over almost 30 years of its successful practice, AEQUITAS has accumulated respectable professional experience and theoretical knowledge in the areas most sought after when doing business in Kazakhstan, which enables its lawyers to navigate clients through the most complex legal issues. World famous companies trust and cooperate with AEQUITAS.

The key areas in which AEQUITAS, year after year, enjoys deserved recognition as the leading and most recommended law firm in Kazakhstan, include business law, corporate law, banking and finance, natural resources and environmental, labor & employment, and M&A.

Certain areas of the firm’s practice have altered – AEQUITAS has always been quick to respond to changes in the legal regulation and economy and seeks to develop and enhance the areas of practice most in demand by clients during certain historical periods of time. In the 90’s the firm’s important area of practice was legal support of privatization projects. AEQUITAS lawyers were advising the largest foreign investors and governmental agencies in the course for privatization of the country’s major enterprises and facilities. In recent years, the firm’s actively developing areas of practice are healthcare, medicine and pharmaceuticals, and the potentially popular – public-private partnership.

The firm has gained a most positive reputation in such areas as insurance, mass media, customs, and many others.

AEQUITAS lawyers are also ready to assist individual clients in matrimonial and inheritance law matters, providing services that involve the drafting of various contracts and court documents, as well as client representation in court.

Business law. A large portion of AEQUITAS ’s day-to-day practice comprises services relating to the legal support of its clients’ businesses. The firm’s lawyers are assisting clients in diverse matters — from the drafting of contracts to due diligence of companies.

Corporate law. AEQUITAS’ corporate law practice started at the same time as the adoption of the new Kazakhstan’s legislative acts on legal entities, and with the establishment of Kazakhstan’s first joint ventures with foreign capital participation in 1993.

Banking and finance. AEQUITAS ’s long-standing clients are the world’s leading investment and commercial banks, state-owned organizations, international payment systems, institutional investors and other players in the capital markets.

Environmental. AEQUITAS’ environmental practice is one of Kazakhstan’s strongest. The key clients using aequitas environmental legal services are the leading local and international companies active in the construction, industrial production and subsoil use sectors in Kazakhstan.

Natural resources. AEQUITAS is particularly proud
of its subsoil use practice. AEQUITAS ’s experience in the natural resources area is domestically unique, as the firm partook in the national-significance projects and projects completely new to Kazakhstan.

Labor and employment. AEQUITAS’ labor law practice is the best in Kazakhstan. The firm’s lawyers are advising on most intricate issues unregulated by local legislation. AEQUITAS possesses extensive experience in defending both employers and employees, in and out of court.

M&A. AEQUITAS’ M&A practice was launched together with the privatization of the key entities of Kazakhstan’s economy in the early 90s. The firm’s legal support accompanied the largest subsoil deals in Kazakhstan.

Competition and antitrust. AEQUITAS’ antitrust practice dates back more than ten years. The firm boasts dozens of successful approvals of M&A transactions significant to Kazakhstan’s economy. AEQUITAS’ lawyers are perfectly familiar with the legislation and the law-application and judicial practice and can address most complex aspects of the national and supra-national antitrust legislation application.

Regulatory compliance. The advent of large foreign companies to the Kazakhstani market increasingly brings the term ‘compliance’ into practice. Although management of legal and compliance risks is still an under explored domain, AEQUITAS has amassed a considerable experience in this area.

Construction and real estate is one of AEQUITAS’ oldest and most active areas of practice, accumulating the firm’s impressive experience. AEQUITAS has contributed its legal support to projects involving construction of major industrial and social facilities and large residential compounds in Kazakhstan.

Infrastructure projects. Public-Private Partnership (PPP). AEQUITAS is regularly supporting infrastructure projects of great importance for different sectors of the Kazakhstan economy: energy, transportation, mining, etc. Regardless of the industry and project complexity, the firm’s lawyers possess sufficient experience and knowledge to promptly render legal services necessary to implement the project. Taking into account the state policy pursued in this area and the clients’ interest, AEQUITAS is paying most serious attention to PPP matters.

Healthcare, medicine and pharmaceuticals. Legal services in the field of healthcare is AEQUITAS’s actively developing area of practice. The firm’s lawyers are rendering all-round support to large pharmaceutical companies coming to the Kazakhstan market for their business establishment and development.

Industry and trade. AEQUITAS has amassed noteworthy expertise advising clients active in the production, distribution, marketing and sale of consumer and industrial goods, including contract drafting and negotiation, client representation before governmental agencies and dispute settlement.

Transport and merchant shipping. The firm regularly advises clients on a variety of issues pertaining to legal regulation of transportation activities in Kazakhstan. AEQUITAS is one of the few local law firms possessing experience in the merchant shipping area.

Agriculture. In the past several years, AEQUITAS’ lawyers have been advising the leading banks and financial companies, such as BNP Paribas, Société Générale, HSBC France, as well as major local agricultural producers, on various issues of trade finance secured by grain and cotton collaterals in Kazakhstan.

Dispute resolution. AEQUITAS has a successful dispute resolution practice, representing clients in the Kazakh courts at all levels, including in cases involving financial instruments, debt restructuring, construction contracts, employment, transportation and insurance.

Technology, media & telecommunications (TMT). AEQUITAS’ clients, in differing IT and communications projects, have been the Government of the Republic of Kazakhstan and major international cellular, landline and postal operators.

Law-making. AEQUITAS’ partners and associates are engaged, on a regular basis, to participate in the law-making activities to develop new acts and improve current legislation. The Civil Code, Foreign Investment Law, Privatization Law and Petroleum Law and other Kazakh legislative acts have been developed with AEQUITAS participation.

DepartmentNameEmailTelephone
Law-Making Olga Chentsovao.chentsova@aequitas.kz+7 (727) 3 968 968
Construction & Real Estate, Infrastructure Projects & Public-Private Partnership (PPP) Ardak Idayatovaa.idayatova@aequitas.kz+7 (727) 3 968 968
Corporate law, Agriculture, Antitrust Nurlan Sholanovn.sholanov@aequitas.kz+7 (727) 3 968 968
Labor & Employment, Healthcare, Medicine & Pharmaceuticals, Industry & Trade, Transport & Merchant Shipping Yuliya Chumachenkoy.chumachenko@aequitas.kz+7 (727) 3 968 968
Banking & Finance, Environmental, M&A Yelena Manayenkoy.manayenko@aequitas.kz+7 (727) 3 968 968
PhotoNamePositionProfile
Almagul Agadil photoMs Almagul AgadilAssociate
Anton Alexeyev photoMr Anton AlexeyevAssociate
Natalya Braynina photoMs Natalya BrayninaPartner, Head of Energy & Natural Resources
Olga Chentsova photoDr Olga ChentsovaManaging Partner
Yuliya Chumachenko photoMs Yuliya ChumachenkoPartner, Head of Labor & Employment, Healthcare, Medicine & Pharmaceuticals.
Alexandr Chumachenko photoMr Alexandr ChumachenkoSenior Associate
Kirill Greshnikov photoMr Kirill GreshnikovAssociate
Ardak Idayatova photoMs Ardak IdayatovaPartner, Head of Infrastructure & PPP and Dispute Resolution
Kulyash Ilyasova photoDr Kulyash IlyasovaCounsel
Farukh Iminov photoMr Farukh IminovAssociate
Yekaterina Khamidullina photoMs Yekaterina KhamidullinaSenior Associate
Violetta Kim photoMrs Violetta KimCounsel
Tair Kulteleev photoMr Tair KulteleevHead of AEQUITAS AIFC Branch, Head of Registration Sector, Senior Associate
Yelena Manayenko photoMs Yelena ManayenkoPartner, Head of M&A practice
Nurlan Sholanov photoMr Nurlan SholanovPartner, Head of Corporate law
Zhandaulet Sholanov photoMr Zhandaulet SholanovAssociate
Larissa Yemelyanova photoMs Larissa YemelyanovaSenior Associate
Raushan Zhazykbayeva photoMs Raushan ZhazykbayevaCounsel
Almaty : 18
Astana : 1
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Kazakh
International Bar Association (IBA)
Kazakhstan Bar Association
Ius Laboris - Global Human Resources Lawyers Alliance
Kazakhstan Petroleum Lawyers Association (KPLA)
TerraLex (www.terralex.org)

AEQUITAS Law Firm when carrying out its’ activities ensures compliance with the principles of diversity, equity and inclusion and prevents any discrimination towards its’ employees, candidates for employment and clients. Since the local legislation does not provide for any diversity and inclusion programs in companies, AEQUITAS does not have such policies and programs. However, we support any initiatives of our employees and clients on this issue and fully share the principles of equality for various segments of the population.