
Kinstellar LLP advises clients, including major financing institutions and state agencies, on a diverse array of complex transactions. The team also advises on matters of regulatory compliance, as well as on capital markets issues. Cross-border finance transactions are a notable area of strength for the department, including PPPs. Joel Benjamin continues to advise clients on a range of matters in practice, both on a domestic and regional scale (Central-Asia). Adlet Yerkinbayev advises clients from the banking market on acquisitions and capital markets issues. Pavel Kornilov assists both private clients and state entities. Yerlan Akhmetov specialises in licensing, with niche aptitude acting for digital and fintech banking institutions. Aigerim Raikhanova is one to watch.
Legal 500 Editorial commentary
Testimonials
Collated independently by Legal 500 research team.
- 'Kinstellar consistently provides timely and pragmatic legal support. The team demonstrates strong expertise in Kazakh law and is able to communicate clearly, even in complex situations. Their professionalism and reliability make them a trusted partner for cross-border transactions.'
- 'Having worked for years in the legal sector, I know what makes a strong legal team—and Kinstellar is one of the most impressive. They combine deep local expertise with international exposure, regularly collaborating with US and UK-qualified lawyers to deliver advice aligned with global standards. The team is responsive, and highly capable in complex, cross-border matters.'
- 'The team provides well-structured advice, communicates effectively and is always available. They have a strong understanding of the financial regulatory and IP law and an equally strong grasp of the commercial context in which they are giving the advice, which is incorporated effectively into all advice provided.'
- 'Strongest in the country and best connections with key issuers and banks.'
Work highlights
Acted as Kazakhstan counsel to JSC Kaspi.kz in its successful debut bond issuance.
Advised on the financial close of Central Asia’s largest healthcare PPP project in Kokshetau.
Advising the Ministry of Finance of the Republic of Kazakhstan on the successful placement of sovereign U.S. dollar-denominated Eurobonds.
Lawyers
Leading partners
The strongest partners in their field, leading on market-leading deals and endorsed by peers and clients alike.
Leading associates
Leading associates with regular involvement in their team's key work, and recognition from peers or clients as being ones to watch.

Yerlan Akhmetov
Aigerim Raikhanova
Practice head
Joel Benjamin; Adlet Yerkinbayev
Other key lawyers
Pavel Kornilov; Yerlan Akhmetov; Aigerim Raikhanova

