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Deals April 2026

Kinstellar supports Raiffeisen Bank International in landmark Uzbekistan market infrastructure mandate

Kinstellar has advised Raiffeisen Bank International (RBI), one of Austria's leading corporate and investment banks, on a significant Uzbekistan capital markets and regulatory infrastructure mandate. The matter involved advising RBI on Uzbekistan’s securities-market framework, the legal regime applicable to foreign custodians and intermediaries, the country’s Regulatory Sandbox regime, and the broader legal, political, and economic considerations relevant to RBI’s assessment of Uzbekistan as a market for expanded institutional activity. Kinstellar then assisted RBI with its registration as a participant in Uzbekistan’s Regulatory Sandbox regime and advised on the legal and regulatory framework enabling foreign

Insights March 2026

Uzbekistan’s rare earth elements sector. Short guide for lawyers, investors and lenders

Uzbekistan is increasingly viewed as a prospective jurisdiction for rare earth elements and associated critical minerals (“REEs”). The sector is primarily policy-driven, with state authorities actively promoting exploration and foreign investment. Under subsoil legislation, REEs fall within categories subject to heightened regulatory oversight, reflecting their economic and strategic significance. As a result, licensing, export, and commercialization conditions may differ from those applicable to ordinary construction or industrial minerals. Our team has prepared a comprehensive guide outlining the most recent developments in the sector. Click on the image below or use this link to read our overview