Adlet Yerkinbayev is a Partner in the Almaty office. He focuses on corporate and M&A, as well as on debt and equity capital markets, banking and finance.

Over the years, Adlet has been involved in a large number of high-profile M&A, capital markets and finance transactions in Kazakhstan.

Adlet is one of the best in the region. All the clients trust his judgment and expertise and his legal knowledge is second to none.

Adlet is very pragmatic, responsive and commercial. He is good at untangling complex work.

Chambers Asia-Pacific, 2025

RECENT ENGAGEMENTS INCLUDE ADVISING

M&A and Corporate

• VENUS AIRPORT HOLDINGS B.V. on the sale of 100% of the share capital of Almaty International Airport JSC to entities representing a consortium of TAV Airports, a member of Groupe ADP, and VPE Capital
• JSC ATFBank on the sale by its controlling shareholder, Mr Galimzhan Yessenov, of 99,76% of the issued common share capital of JSC ATFBank to JSC First Heartland Jysan Bank and the acquisition by Mr Yessenov of 19,96% of the issued common share capital of JSC First Heartland Jysan Bank
• JSC HALYK BANK KAZAKHSTAN on the acquisition of the majority stake in Kazkommertsbank JSC from its controlling shareholder Mr Kenges Rakishev and Sovereign Wealth Fund Samruk-Kazyna JSC
• MR KENGES RAKISHEV on the acquisition of JSC Alnair Capital Holding and its 28.08% shareholding in JSC Kazkommertsbank, as a result of which Mr Rakishev increased his total shareholding in JSC Kazkommertsbank to 56.75% of its issued common share capital
• JSC HALYK BANK KAZAKHSTAN on the sale of a 60% stake in its subsidiary bank Altyn Bank JSC to China CITIC Bank Corporation Limited и China Shuangwei Investment Co., Ltd.
• MR KENGES RAKISHEV on the acquisition of 46.5% stake in JSC BTA Bank from JSC Sovereign Wealth Fund Samruk-Kazyna
• JSC HALYK BANK KAZAKHSTAN on the acquisition of SB HSBC Bank Kazakhstan JSC
• JSC HALYK BANK KAZAKHSTAN on the purported acquisition of JSC BTA Bank from JSC Sovereign Wealth Fund Samruk-Kazyna

Banking, Finance & Capital Markets

• MORGAN STANLEY, CITIGROUP and RENAISSANCE CAPITAL on the initial public offering of Kaspi.kz JSC on the London Stock Exchange
• JSC HALYK BANK KAZAKHSTAN and its controlling shareholder JSC HOLDING GROUP ALMEX on the SPO of JSC Halyk Bank Kazakhstan
• KCELL JSC on its USD 525 million initial public offering via a listing of GDRs on the London Stock Exchange and of shares on the Kazakhstan Stock Exchange*
• EURASIAN NATURAL RESOURCES CORPORATION PLC on its GBP 1.5 billion initial public offering and listing on the London Stock Exchange and on the secondary listing of its ordinary shares on the Kazakhstan Stock Exchange*
• JSC HALYK BANK KAZAKHSTAN on its USD 748 million initial public offering and listing of GDRs on the London Stock Exchange*
• ABN AMRO, CREDIT SUISSE and VISOR CAPITAL KMG E&P on the USD 2.3 billion IPO of JSC KazMunaiGas Exploration Production via a listing of GDRs on the London Stock Exchange and the simultaneous sale of shares in Kazakhstan*

*Experience prior to joining Kinstellar.

EDUCATION

• 2005: Harvard Law School, Cambridge, USA, LL.M.
• 2002: Al-Farabi Kazakh National University, Almaty, Kazakhstan, Specialist in International Law (Distinction)

PROFESSIONAL AFFILIATION

• Member of the New York State Bar
• Member of Kazakhstan Bar Association

LANGUAGES

Russian, Kazakh, English