EXPERTISE
Fintech

Kinstellar advises JSC Kaspi.kz on landmark USD 650 million Eurobond issuance

April 2025 – Kinstellar is pleased to have acted as Kazakhstan counsel to JSC Kaspi.kz in its successful debut bond issuance, raising USD 650 million through 6.250% senior unsecured notes due in 2030. This marks the largest investment-grade bond issuance...

Navigating the regulatory landscape: An overview of the tokenization of real-world assets

March 2025 – As financial markets embrace digital transformation, the tokenization of real-world assets (RWA) is emerging as a ground-breaking innovation that has the potential to redefine ownership, investment, and liquidity. By leveraging blockchain...

Cybersecurity: Romania transposes the NIS2 Directive. What’s next?

February 2025 – Directive (EU) 2022/2555 (NIS2) aims to further strengthen the cyber resilience of the EU by requiring entities in various sectors to dial up their cybersecurity efforts. NIS2 replaces the former NIS1 Directive (EU) 2016/1148, expands...

Kinstellar advises Genesis Growth on strategic stake in LLP Group

January 2025 – Kinstellar has successfully advised Genesis Growth Equity Fund I on the acquisition of a majority stake in LLP Group, a prominent business software consultancy specialising in financial and enterprise asset management solutions.

Navigating the Regulatory Landscape: An Overview of Banking as a Service

June 2024 – In an era defined by digital transformation and the ever-evolving landscape of financial services, the concept of banking as a service (“BaaS”) has emerged as a key force reshaping the industry. By enabling non-bank entities to offer...

Kinstellar’s Kazakhstan office advises Kaspi.kz on historic NASDAQ IPO

January 2024 – Kinstellar's Kazakhstan office, a prominent legal advisor in the region, played a crucial role in guiding Kaspi.kz, a leading financial technology company headquartered in Kazakhstan, through its successful upsized U.S. Initial Public...

Kinstellar announces new promotions to Partner and Counsel

May 2023 – Kinstellar is delighted and proud to announce the promotions to Partner of Tomáš Melišek (Bratislava), Levente Hegedűs (Budapest), Bulut Girgin (Istanbul), Anastasiya Bolkhovitinova, Natalia Kirichenko, Oleg Matiusha, Illya Muchnyk (all...

Kinstellar announces new promotions in Bucharest, Romania

April 2023 – Kinstellar is delighted to announce the promotion to Managing Associate of Mădălina Perțe (Corporate M&A), Andrei Covaliu (Dispute Resolution) and Răzvan Constantinescu (Banking and Finance), and to Senior Associate of Raluca...

The Law on Payment Services: Overview of rules for Ukrainian payment services market

March 2023 – The Law of Ukraine "On Payment Services" creating a new legal landscape for the provision of payment services in Ukraine, came into force on 1 August 2022. At the same time, certain provisions of the law, which mostly relate to open banking...

The problem with Dynamic Currency Conversion (DCC)

September 2022 – If a German tourist withdraws cash from an ATM in Prague, the ATM screen may display a choice whether the tourist’s euro account should be charged in the currency of their account (i.e., euro), or in the local currency – Czech koruna....