
Noted for its expertise within the banking sector of Kazakhstan, Kinstellar LLP regularly acts as counsel on both the buyer and seller side of M&A transactions for major domestic and international banks. The team is experienced in working on cross-border transactions, including those involving documents governed by English law, with one standout matter involving advising the establishment of a digital bank, which included an in-depth analysis of Kazakhstan’s regulatory framework for digital banking. Joel Benjamin co-leads the practice and has been involved in a broad spectrum of transactions, from trade finance to M&A deals. Adlet Yerkinbayev also co-leads the team and focuses on large-scale M&A projects for clients in the banking sector. Kuanysh Shekerbekov and Kuanysh Kanlybayev are other key names from the firm.
Testimonials
Collated independently by Legal 500 research team.
- 'This practice stands out for its deep industry knowledge, exceptional client commitment, and a proactive approach to legal challenges. Potential clients would appreciate the breadth of team's capabilities.'
- 'Kinstellar is distinguished by its client-focused approach, providing tailored legal strategies that address both corporate and non-standard, complex issues. The team excels in navigating intricate legal challenges, offering deep expertise.'
- 'The team is extremely hard-working, responsive and adopts a very commercial and international approach to work, which is unique in the areas they operate in.'
- 'Kinstellar was outstanding in the representation our company. All the attorneys were very responsive and knowledgeable in a number of different practice areas.'
Key clients
- Baiterek National Managing Holding Joint Stock Company
- Halyk Bank
- Solva Group
- Alvari
- KazMicroFinance
- European Bank for Reconstruction and Development
- Kaspi
- China Petroleum & Chemical Corporation
Work highlights
- Advising Baiterek National Managing Holding Joint in connection with the sale of Bereke Bank.
- Advised Halyk Bank on the sale of 100% of its shares in Kyrgyzstan to a consortium of buyers within the investment group VIsor International DMCC.
- Provided legal 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