In recent years, increasing number of companies in Kazakhstan are experiencing shrinking asset values and increasing debt burden which all lead to growing default statistics, debt restructuring, and sometimes, to asset recovery and insolvency litigation. Our experience shows that it is extremely important to find a good team of lawyers to accurately navigate complex and frequently vague Kazakh insolvency and bankruptcy law. Creditors should act quickly to register their claims within very limited deadlines set by law and take other effective steps to ensure that their interests are protected. Kazakh debtors may employ a wide range of tactics to avoid liability, including introduction of ungrounded rehabilitation or bankruptcy, challenging transactional documents, including security, etc Dealing with all these issues effectively requires guidance from lawyers experienced in debt restructuring, insolvency, and asset recovery.

The GRATA International’s Restructuring & Insolvency group is recognised as one of Kazakhstan’s leading insolvency teams and it is comprised of experienced transactional finance lawyers lead by Mr Shaimerden Chikanayev, Head of the Firm’s Banking and Finance Practice.

Our combined team may offer the following services:

  • Debt Restructuring and General Insolvency Advice (Our Restructuring & Insolvency team assists in evaluating the clients’ rights and remedies in addition to negotiating positions on behalf of our clients. Using our deal-making and strategic skills, we identify appropriate financing, M&A alternatives and negotiate compromises designed to achieve a "win-win" result for all stakeholders. If necessary, we use the courts, and corporate and insolvency legislation, to implement or impose a result so that our clients achieve both their business objectives in a timely fashion. Important aspects of our Restructuring & Insolvency practice include workouts, security enforcement, acquisitions of businesses in financial difficulty, purchase and sale of the assets of financially distressed companies, insolvency professional retainers, and fraud loss and recovery).
  • Insolvency and Related Litigation (filing for rehabilitation/bankruptcy; representing creditors and debtors within rehabilitation/bankruptcy procedures (registration of claims, controlling the activities of Rehabilitation/Bankruptcy Manager, challenging relevant transactions and related guidance).
Azerbaijan
Pravo 300, 2021, I group
Pravo 300, 2021, I group
Russia
Leading Lawyer 2020
Leading Lawyer 2020
Vyacheslav Khorovskiy, Dmitry Samigullin
Pravo 300, 2020, II group
Pravo 300, 2020, II group
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