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In financial sphere, including financial organizations activities, banking and finance, Aequitas has been representing banks, financial-and-investment organizations and borrowers in connection with credit transactions (including syndicated loans, project and trade financing), financing of asset and share purchase, placement of depositary receipts for Kazakhstan banks’ shares and strategic acquisition of Kazakhstan banks, bond issue on international financial markets, derivatives, and regulatory issues of financial organizations activities in Kazakhstan.
Our most representative experience in this area includes:
General issues:
- advice to Promsvyazbank (Russia) in connection with various financial projects with Kazakhstan counteragents (2008-2009);
- advice to different clients on issues related to restructuring of local banks’ debt (2009);
- advice to different clients on the issues of financial organizations establishment in Kazakhstan, including on RFCA, and obtainment of necessary licenses (2007-2009);
- advice to different clients on trade financing options for short-term funding of local companies and banks (2007-2009);
- advice to leading international rating agency Fitch Ratings in connection with securitization of assets of the three major local banks (2007-2008);
- participation as local counsel in the development of Internet service for legal advisory on derivatives of Derivative Services LLP (2008-2009);
- advice to BP plc in connection with studies on financial services regulation in different jurisdictions, including Kazakhstan (2005);
- representation of the European Bank of Reconstruction and Development (EBRD) in connection with the purchase of a 15% shareholding in Kazkommertsbank (2003) and in connection with various municipal financing projects;
- advice to Alametti Oy & Rannila in connection with financial leasing of equipment to a Kazakhstan legal entity (2002);
- legal assistance to Volvo Central Asia AB in connection with financial leasing of equipment to local legal entities (from 2001 to present);
- advice to Linklaters – State Street Bank & Trust Company, London office, on the issues of provision of securities to non-residents as a loan by the National Bank of the Republic of Kazakhstan (2003-2004);
- advice to American International Group, Inc. (AIG Inc.), including Insurance Company AIG Kazakhstan JSC active in the sphere of financial services and insurance, on various issues of local legislation (from 1997 to present);
- ongoing advice to Citibank Kazakhstan JSC on the issues of Kazakhstan legislation, including currency regulation, corporate law, disputable labor legal relations and other current issues;
- legal assistance to ABN AMRO Bank Kazakhstan in connection with the formation of a pension funds asset management company in Kazakhstan (2001);
- advice to Credit Suisse First Boston Ltd. in connection with its marketing research on projects related to deposit acceptance services and servicing of transactions with derivative financial instruments via Internet (2000);
- advice to J.P. Morgan Chase Bank and National Westminster Bank in relation to their projects in Kazakhstan (1997);
- advice to Chase Manhattan Bank on the issues of establishment of a joint investment bank in Kazakhstan (1993).
Secured and unsecured credits:
- advice to a major international investment bank (ЕВRD) in connection with a credit to local municipal electric transport enterprise (2009).
- advice to Nidera agricultural company in connection with USD 800 mln total limit credit facility from a bank syndicate (2008-2009);
- separate advice to BNP Paribas, Societe General and HSBC France on different trade financing projects for export of Kazakhstan grain, cotton and other goods (2006-2009);
- advice to BNP Paribas and other banks in a creditor syndicate in connection with USD 200 mln financing for a Kazakhstan oil producing company (2007-2009);
- advice to BNP Paribas and other banks in a creditor syndicate in connection with USD 550 mln total limit credit facility for a Kazakhstan oil producing company (2007-2009);
- advice to ICICI Bank in connection with financing for Punj Lloyd Kazakhstan (2006-2008);
- advice to Shinhan Bank and its subsidiary in connection with USD 20 mln loan to Highvill Kazakhstan (a local construction company building a residential complex in Astana) (2005);
- advice to HSBC, Trinkaus & Burghardt KGAA, Citigroup Global Markets Deutschland AG & Co. KGaA N.A. (London Branch) and HSBC Bank plc in connection with EURO 45 mln loan to Intergas Central Asia JSC secured by KazTransGas JSC’s guarantee (2005);
- advice to Calyon Bank, London office, in connection with USD 50 mln loan to Bank TuranAlem JSC (Murabaha Financing) (2005);
- advice to HSBC plc in connection with USD 350 mln loan to a Danish company secured, among other things, by the Ispat Karmet JSC subsidiary’s guarantee (2003);
- advice to Export Import Bank of the People’s Republic of China in connection with extension of a secured loan to a local transportation monopolist enterprise (2003-2004);
- legal support to Efes Karaganda Brewery, a Kazakhstan beverage producer in connection with a secured loan from European Bank for Reconstruction and Development (ЕBRD) (2001);
- advice to Lukoil OJSC and its Kazakhstan subsidiary on the issues of local legislation in connection with a secured loan from International Financial Corporation (MFC) for the development of Karachaganak, the largest gas field in Kazakhstan (2002-2003);
- legal assistance to First International Oil Company (FIOC) and its Kazakh subsidiary SazanKurak CJSC in connection with a secured loan from International Financial Corporation (2000-2001);
Issue of securities by Kazakhstan banks and companies:
- advice to Credit Suisse Securities (Europe) Limited and Morgan Securities Ltd. in connection with a contemplated issue of bonds by CenterCredit International B.V. against Bank CenterCredit JSC’s guarantee (2008-2009);
- advice to Deutsche Bank in connection with a number of transactions on derivative financial instruments with different local banks, pension funds and other companies (2007-2009);
- advice to ABN AMRO Rothschild and Merrill Lynch International as joint arrangers of the contemplated issue and placement of Global Depositary Receipts (GDRs) for ATF Bank JSC’s shares (2007);
- advice to Credit Suisse Securities (Europe) Limited and UBS Limited as joint arrangers of the contemplated issue and placement of Global Depositary Receipts (GDRs) for Alliance Bank JSC’s shares (2007);
- advice to J.P. Morgan Securities Ltd. and UBS Limited as joint arrangers of the contemplated issue and placement of Global Depositary Receipts (GDRs) for Kazkommertsbank JSC’s shares (2006);
- advice to major European banks in connection with the contemplated acquisition of control shareholding in two local banks (2007);
- advice to HSBC plc and J.P. Morgan Securities Ltd. in connection with issue by HSBK (Europe) B.V. of senior and subordinated bonds against Halyk Bank JSC’s guarantee (2005);
- advice to J.P. Morgan Securities Ltd. in connection with USD 300 mln bond issue by KCP Finance B.V. (a subsidiary of Kazakh oil transportation company) against guarantees by Kazakhstan-China Pipeline LLP and China National Petroleum Corporation (CNPC) (2004);
- advice to Alliance Bank JSC in connection with all issues of bonds and hybrid securities against Alliance Bank JSC’s guarantee (2005-2007)
- advice to lead managers in connection with all bond issues by TuranAlem Finance B.V. against BTA Bank JSC’s guarantee (2004-2007);
- advice to J.P. Morgan Securities Ltd. in connection with the contemplated issue of corporate Eurobonds of a local state transport monopolist enterprise (2001);
- advice to J.P. Morgan Securities Ltd. acting as a lead manager of the project on three issues of Kazakhstan Sovereign Eurobonds in 1997, 1998 and 2000. |