| We inform you about a new telephone number
of Almaty office.
Tel: +7 701 702 5111 | |
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| |  | GRATA International will participate in the Cyprus-Kazakhstan Business Forum
On June 21, 2023, the Cyprus-Kazakhstan Business Forum, supported by the Cyprus Chamber of Commerce and Industry in cooperation with the Ministry of Energy, Commerce and Industry, and the Cyprus-Kazakhstan Business Association will be held in Almaty, Kazakhstan.
The forum will focus on themes such as ICT, Professional Services, Funds, and Oil & Gas. The venue for the forum is the Swissotel Wellness Resort in Almaty.
Nasos A. Kyriakides, Managing Partner of the Limassol office at GRATA International, will speak on the topic: "Overview of Cyprus' Legal System". His presentation will cover the judicial system, arbitration, distribution of powers, and issues related to Cyprus Companies Laws.
Akhmetzhan Abdullayev, Senior Partner and Almat Daumov, Partner of the Almaty office at GRATA International, will participate as delegates.
The forum will conclude with a Networking reception. | |  | Bolormaa Volodya, Partner of GRATA International Mongolia has been appointed as a member of the Board of Directors of the German-Mongolian Business Association (DMUV)
The German-Mongolian Business Association (DMUV) is a business association founded in 1995 in Ulaanbaatar, Mongolia, by German companies and Mongolian companies with a connection to Germany. The association has been a registered non-governmental organization (NGO) since 2009 and has an office in Ulaanbaatar. The DMUV offers the services of a German Chamber of Commerce Abroad (AHK) in Mongolia and is a partner of the Federation of German Industries (BDI).
German-Mongolian Business Association held an official election to appoint the new Board of Directors has taken place on June 8, 2023, and Bolormaa Volodya, Partner of GRATA International Mongolia LLP has been appointed as a member of the Board of Directors of the DMUV.
| |  | Battle of the Titans in the Astana International Financial Centre Court
The Partners of GRATA International (Askar Konysbayev and Baizhan Bekzhanov) and the London office of Bryan Cave Leighton Paisner LLP (Partner Roman Khodykin, Senior Associate Nadia Hubbuck and Associate Elena Matlak) successfully participated in the largest to date (worth over USD 330 million) case in the history of the Astana International Financial Centre Court ("AIFC Court") between shareholders of one of Kazakhstan's largest oil companies.
The AIFC Court is a unique dispute resolution forum in the region. The Astana International Financial Centre (“AIFC”) applies AIFC law, which is based on the principles of English law. AIFC judges are all former judges or barristers from England.
The proceedings were commenced by a shareholder of an oil company who alleged that a second shareholder and director of the company diverted a corporate opportunity of the company for their personal benefit, thereby causing him unfair prejudice. The defendants strongly denied any violation of the claimant's rights arguing that the corporateopportunity never belonged to the company, but was merely an opportunity that the shareholders viewed as separate from the company. As the company itself was incorporated in the AIFC, the AIFC Сourt had jurisdiction to hear the dispute.
The dispute was settled to the mutual satisfaction of the parties, following which the claimant discontinued the claim against our clients.
GRATA International and Bryan Cave Leighton Paisner LLP are among the few firms with experience in the AIFC Court. | |  | GRATA International attended the Astana International Forum
On June 8-9, the Astana International Forum took place in Astana. The two-day event brought together the representatives from different countries, among which high-level delegates from foreign governments, international organizations (WTO, UNESCO, IMF, etc.), businesses who are working to find solutions to global challenges and promote peace and dialogue to maintain development and progress.
The program was dedicated to the theme of "Tackling Challenges Through Dialogue: Towards Cooperation, Development, and Progress," with four main themes: - Foreign policy and international security;
- International development and sustainability;
- Energy and climate change;
- Economy and finance.
Dimitri Papadopoulos, the Executive Director and Representative of the Zurich office, along with Samat Daumov and Liya Akzhanova, Partners, Ainura Takeyeva, Counsel of the Astana office, and Issam Dahman, the Managing Partner of the Dubai office, participated as delegates in the Astana International Forum.
Read more about the Forum here. | |
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|  | Vladimir Komarov, Managing Partner of GRATA International St. Petersburg participated in the SPIJF
Vladimir Komarov, Managing Partner of GRATA International St Petersburg, spoke on 11 May at the eleventh St Petersburg International Legal Forum, the biggest legal event of the year.
Vladimir's speech was part of the session on "Legal Protection of Russian Business Abroad". Speakers at SPIEF-2023 included leading Russian lawyers from various fields of law, politicians and heads of government and international organizations, as well as businessmen.
To view the video from the forum, please click on the following link
Read more here → | |  | The Banking and Finance team of GRATA International advised the EBRD on four risk-sharing framework deals
Marina Kahiani, Partner of the Banking and Finance team and Zarina Kabashova, Associate advised the European Bank for Reconstruction and Development (EBRD) on four risk-sharing framework deals in 2023. The signing took place at EBRD's annual meeting on 17 May 2023 in Samarkand.
EBRD is supporting small and medium-sized enterprises (SMEs) in Kazakhstan by providing fresh funds jointly with its financial intermediaries. The Bank will share up to 50 percent of risk on KZT 2.42 billion (around US$5.4 million) loans provided by its long-term partner Bank CenterCredit to local borrowers which include the local leading furniture producer "KPK ZETA", a Kazakh supplier of packaging materials and equipment "Intellpack", and a Kazakh pharmaceutical company "VivaPharm".
| |  | GRATA International participated at the 2023 Annual AmCham Awards Gala in Astana
GRATA International, a longstanding corporate member of AmCham, received an invitation to participate in the 2023 Annual AmCham Awards Gala. This prestigious black-tie event, organized by AmCham in Kazakhstan, recognizes and honors various accomplishments of its members, including corporate achievements, technical advancements, cultural contributions, CSR initiatives, and support for Kazakh culture. The Awards Gala holds great significance as it has been a prominent celebration for AmCham for the past 15 years.
Taking place on the evening of Saturday, May 27, the Gala was hosted at the St. Regis Astana Hotel.
Zaira Sarsenova, Partner of GRATA International Atyrau, and Samat Daumov, Partner of GRATA International Astana, attended the Annual Gala, where they had exceptional networking opportunities.
GRATA International extends its gratitude to AmCham for organizing such an extraordinary event.
| |  | GRATA International participated at the First Legal Forum EU-Eastern Partnership in Warsaw
On May 25-26, 2023 the First Legal Forum EU-Eastern Partnership was held in Warsaw, Poland.
The First Legal Forum EU-Eastern Partnership was created as a new platform for constructive dialogue between law firm partners, heads of legal departments of companies and specialists in business development, marketing and promotion of legal services from Europe, the Eastern Partnership and Central Asia and the Caucasus.
Aliya Aralbayeva, Partner at GRATA International UK attended the Forum as a delegate. At the Forum the speakers focused on discussing the current state and prospects of cross-border trade through the prism of economic crises, sanctions, as well as on finding ways of reactivating economic transformation and legal market development in the new world.
The Forum brought together partners from the largest law firms in Europe, Asia and the Caucasus, recognized lawyers working in the international market, heads of domestic legal departments, business development experts and specialists in the area of finance. GRATA International was the only firm with offices in Central Asia to be represented at the Forum. | |  | The first offline meeting of the “Banking & Finance” Committee in Uzbekistan
From May 16th to 18th, the city of Samarkand hosted the annual meeting and business forum of the European Bank for Reconstruction and Development (EBRD), attracting representatives from various countries. The main objective of the event was to engage in discussions on critical matters related to economic development and investments.
Furthermore, on May 19th, the first offline session of the "Banking and Finance" industry committee took place in Tashkent, with participation from GRATA International office representatives from different countries, including Azerbaijan, Belarus, Kazakhstan, China, Kyrgyzstan, Russia, Turkey, and Uzbekistan. This session provided an excellent platform for colleagues to discuss significant aspects of the banking and finance sector's growth, share experiences, ideas, and knowledge, and present their future plans.
In conclusion, on May 20th, the corporate team-building event organized by GRATA International was held at the picturesque "Amirsay" resort, nestled in the scenic foothills of the Chatkal Range in the western part of the Tian Shan mountains. Participants had the opportunity to immerse themselves in the beauty of nature and enjoy a sense of unity within the team. Such events not only allow us to address current issues but also strengthen relationships among colleagues and foster team cohesion. We take great pride in our team and would like to express our heartfelt gratitude to all participants for their valuable contributions and support. Together, we continue to move forward, reaching new heights! |
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