B a n k i n g   &   F i n a n c e  

GRATA International's Banking & Finance Group is a leading legal counsel in the area of capital markets, project finance and infrastructure projects development, and financial transactions in Central Asia and in Kazakhstan in particular.

GRATA's rapidly growing Banking & Finance Group currently comprises over 10 local lawyers, almost all with second law degrees from the UK, USA, or other leading western universities. The majority are based in Kazakhstan (Almaty) with others based in our Azerbaijan (Baku), Kyrgyzstan (Bishkek), Russia (Moscow) and  Uzbekistan (Tashkent).

Our aim is to become a leading finance practice in the legal market of Central Asia. This means that GRATA's Banking & Finance Group aims to set the standard for legal support in capital markets, and in general for the finance sector, to monitor the needs of our clients online and to provide them with individualized legal solutions in order to help them carve out a leading market niche.

The ability to provide legal services at the best value and our understanding of the local cultures of Central Asia are some of our strengths.

We are proud that our clients, some of the largest local and international banks and companies from different industry sectors, have trusted GRATA’s knowledge and expertise for more than 20 years now.

GRATA's Banking & Finance Department has established effective cooperation with financial regulators across Central Asia and the Caucasus and with local and international stock exchanges, investment banks, international law firms, and consultants. This allows us to provide our clients with best-in-class solutions for their needs.

Our services:

  • Aircraft, Maritime and Railcar Finance & Leasing.
  • Bank and Corporate Lending.
  • Banking & Insurance Disputes.
  • Bond Offerings.
  • Derivatives.
  • Financial Services Regulation.
  • Foreign Direct Investments.
  • Mergers & Acquisitions.
  • Debt Restructuring & Insolvency.
  • Initial and Secondary Public Offerings.
  • Insurance.
  • Islamic Finance.
  • Project Finance & PPP.
  • Securitisation.


Overview of the current energy mix, and the place in the market of different energy sources  (This article was first published in GLI - Energy 2021)

Kazakhstan: First steps to becoming a regional hub for Islamic finance

Kazakhstan: Corporate M&A 2020 (Originally published here)

Recalibration of public–private partnership policy in Kazakhstan — what to expect?

Legal 500


GRATA International

Based primarily in Almaty and Astana, GRATA International has experience in project finance and PPP deals, and recently advised ADB and the government of Kazakhstan on numerous drafting templates,
tender documents, and PPP agreements. Shaimerden Chikanayev is global head of the banking and finance practice and has experience advising clients from the public and private sectors on all aspects of
infrastructure, PPP, project finance and cross-border lending transactions. Marina Kahiani specialises in project finance and capital markets matters.

Practice head(s):  Shaimerden Chikanayev


Industry Awards & Rankings
Pravo 300, 2021, II group
Pravo 300, 2021, II group
Legal 500 EMEA 2021, Tier 2
Legal 500 EMEA 2021, Tier 2
Legal 500, Tier 2, 2020
Legal 500, Tier 2, 2020
Banking and finance team, headed by Shaimerden Chikanayev and Marina Kahiani, was praised for its expertise in advising development banks and international financial institutions on matters related to project finance and PPPs.
Legal 500, Tier 1, 2020
Legal 500, Tier 1, 2020
In energy and natural resources practice, GRATA confirmed its position as one of the most experienced teams in Kazakhstan's oil&gas and mining sectors.
Asialaw Profiles, 2020
Asialaw Profiles, 2020
GRATA International has been identified as one of the leading firms in Kazakhstan and was placed in the highest tiers - "outstanding" and "recommended"
China Business Law Journal Awards, Deal of the Year 2017, 2018
China Business Law Journal Awards, Deal of the Year 2017, 2018
2017 – Overseas deals CITIC Bank acquires Kazakhstan’s Altyn Bank 2018 – Belt and Road Zhanatas wind power station (100 MW) project in Kazakhstan
Legal 500, Tier 2, 2017-2019
Legal 500, Tier 2, 2017-2019
GRATA International's Banking and Finance team is particularly strong in project finance and PPP matters.
Pravo 300, 2021, I group
Pravo 300, 2021, I group
Leading Lawyer 2020
Leading Lawyer 2020
Vyacheslav Khorovskiy
Pravo 300, 2020, III group
Pravo 300, 2020, III group
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