White & Case Kazakhstan LLP > Nur-Sultan, Kazakhstan > Firm Profile

White & Case Kazakhstan LLP
11th floor, BC Talan Towers
16 Dostyk Street
Nur-Sultan Z05H9K3
Kazakhstan

Kazakhstan > Banking, finance and capital markets Tier 2

White & Case Kazakhstan LLP handles strategically important projects for the region in the banking and finance space. Recent work involved advising IFC and EBRD as Kazakhstan counsel on the acquisition of Almaty International Airport, as well as the project financing facility for its expansion. The practice is led by Astana-based Semion Issyk, whose further expertise includes debt and equity capital markets transactions.

Practice head(s):

Semion Issyk

Key clients

Nostrum Oil & Gas plc

Eurasian Digital Ventures I LP

The Ministry of Finance of the Republic of Kazakhstan

RCF Management and Verny Capital

IFC and EBRD

Citibank Kazakhstan JSC

Asian Infrastructure Investment Bank

Citigroup Global Markets

Work highlights

  • Acted for the managers on sovereign welfare fund Samruk Kazyna’s debut offering of $500m notes.
  • Advised AIIB on the proposed loan financing for Zhanatas Wind-Power Station LLP to finance the development, construction, and operation of a 100 MW Zhanatas wind farm in the Zhambyl region in Kazakhstan.
  • Advised IFC and EBRD (as lenders) as local Kazakhstan counsel on the leveraged buy-out of Almaty International Airport, as well as the project financing facility for its expansion. The firm’s role also involved concluding the State Support Agreement between the lenders and the Kazakhstan government.

Kazakhstan > Commercial, corporate and M&A Tier 2

The corporate department at White & Case Kazakhstan LLP is led by Astana-based Maxim Telemtayev, whose expertise lies in cross-border and commercial transactions, corporate governance and M&A. Counsel Zangar Nogaibay joined the firm from KAZENERGY in April 2022, and is a specialist in corporate law with a focus on the oil and gas sector. Energy and natural resources work continues to be an area of core focus for the team; in a recent high-profile highlight, Telemtayev led the advice to the Ministry of Finance on the privatisation of two hydropower plants located in the east of the country.

Practice head(s):

Maxim Telemtayev

Other key lawyers:

Testimonials

‘Deep understanding of interfaces between European/North American investors and Republic of Kazakhstan.’

Key clients

Nostrum Oil & Gas plc

Eurasian Digital Ventures I LP

The Ministry of Finance of the Republic of Kazakhstan

RCF Management and Verny Capital

IFC and EBRD

Rem Invest LLP

Asian Infrastructure Investment Bank

Citigroup Global Markets

Silver Bull Resources

Work highlights

  • Advised the Ministry of Finance of the Republic of Kazakhstan on the privatisation of two hydropower plants (strategic assets) located in eastern Kazakhstan.
  • Advised RCF Management, a private equity firm focused on mining activities, and Verny Capital, which specialises in direct equity investments in private companies, on the project financing of their joint venture companies (RG Gold and RG Processing) by the Development Bank of Kazakhstan.
  • Advised IFC and EBRD as Kazakhstan law local counsel on the leveraged buy-out of Almaty International Airport, and the project financing facility its expansion.

Kazakhstan > Energy and natural resources Tier 2

The team at White & Case Kazakhstan LLP is praised by clients for combining its energy and natural resources work with the firm’s wider capability, including the corporate and M&A, capital markets, and project development and finance departments. Astana-based Maxim Telemtayev specialises in cross-border M&A, commercial deals, and corporate governance in the mining and natural resources sectors. He co-heads the group with local partner Semion Issyk, who joined from AGZ / Zan Hub in February 2022. Other recent noteworthy arrivals include counsel Zangar Nogaibay, who brings more than 15 years of experience in the oil and gas sector to the team.

Practice head(s):

Maxim Telemtayev; Semion Issyk

Other key lawyers:

Testimonials

‘Deep understanding of interfaces between European and North American investors and the Republic of Kazakhstan.’

Key clients

Nostrum Oil & Gas plc

The Ministry of Finance of the Republic of Kazakhstan

RCF Management and Verny Capital

Asian Infrastructure Investment Bank

Silver Bull Resources

Work highlights

  • Representation of Nostrum Oil & Gas, a premium listed company with oil and gas assets in Kazakhstan, on its proposed restructuring of US$1.1 billion of notes due in 2022 and 2025.
  • Representation of RCF Management, a private equity firm focused on mining activities, and Verny Capital, which specialises in direct equity investments in private companies, on the project financing of their joint venture companies (RG Gold and RG Processing) by the Development Bank of Kazakhstan.
  • Representation of Silver Bull Resources and Arras Minerals (Canadian based mineral exploration affiliated companies) in relation to various mining exploration properties.

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Photo Name Position Profile
Pavel Boulatov photo Pavel Boulatov Counsel
Semion Issyk photo Semion Issyk Local Partner
Irina Maisak photo Irina Maisak Professional Support Lawyer
Zangar Nogaibay photo Zangar Nogaibay Counsel
Maxim Telemtayev photo Maxim Telemtayev Partner