
Kinstellar LLP‘s banking, finance and capital markets department combines expertise from lawyers qualified in Kazakhstan, the AIFC, the US and UK. The team is noted for leading international IPOs for fintech companies and, working closely with its corporate and M&A practice, handling significant transactions in the banking sector. Practice heads Joel Benjamin and Adlet Yerkinbayev specialise in capital market deals and high-stakes transactions including trade finance, project finance and debt capital markets, with Yerkinbayev often utilising his understanding of the AIFC and AIX to advise on international transactions. Pavel Kornilov and Yerlan Akhmetov are other key names.
Testimonials
Collated independently by Legal 500 research team.
- 'Professional and competent.'
Key clients
- Baiterek National Managing Holding Joint Stock Company
- Halyk Bank JSC
- Solva Group
- Alvari Pte.
- KazMicroFinance
- European Bank for Reconstruction and Development (EBRD)
- Kaspi.kz
Work highlights
- Advised EBRD on its investment in Araltuz, which included drafting the shareholders' agreement and other corporate documents under AIFC law closely aligned with English law.
- Assisted Kaspi.kz, through its successful upsized U.S. Initial Public Offering.
- Provided advice to Solva on the structuring of ownership and the establishment of a new bank.
Lawyers

Practice head
The lawyer(s) leading their teams.
Joel Benjamin, Adlet Yerkinbayev