Cross-border restructuring & Rehabilitation

Represented a consortium of leading international banks and investment funds, including Deutsche Bank, Merrill Lynch, and Goldman Sachs, before Kazakhstan courts in a four-year litigation concerning a debt restructuring dispute worth hundreds of millions of dollars. The case involved complex issues related to the restructuring of a major financial institution’s debt and was eventually settled.

Provided expert support to VakifBank, the second-largest bank in Türkiye, in JSC BTA Bank & Anor v. Türkiye Vakiflar Bankası TAO [2018] EWHC 835 (Comm), on complex cross-border restructuring issues in a case before the English High Court of Justice. The advice focused on the legal effects of the restructuring in the UK, Turkey (through recognition), and Kazakhstan. The expert opinion addressed intricate private international law issues, including altering parties’ rights under a contract initially governed by English law through a Kazakh restructuring process. The expert advice played a role in the client successfully challenging the jurisdiction of the English court, with the court ruling in favor of the client’s application.

Represented the Royal Bank of Scotland (RBS) in the rehabilitation procedure of a major Kazakh agricultural organization, successfully securing the lender’s rights under a credit facility and hedging transactions valued at over USD 20 million.

Advised an OILFIELD SERVICES COMPANY in a dispute over the recovery of leased equipment from the lessee within bankruptcy proceedings.

Advised a French OILFIELD SERVICES COMPANY in a dispute over the recovery of leased equipment from the lessee within bankruptcy proceedings.