Our Team
Sanat Ablakov
Founder & Managing Partner
Sanat Ablakov is the Founder and Managing Partner of Bond Stone International Law Firm — ranked Legal 500 EMEA Top Tier and IFLR1000 Market Leader in Kazakhstan, with offices in Almaty, Astana, Bishkek, Chicago, Kyiv, and Tashkent. Bond Stone's partners hold AIFC Registered Legal Adviser (RLA) status. He advises on AIFC law and English common law and appears before the AIFC Court.
Sanat began his legal career in 2000 as a senior trial and appellate attorney at the Almaty City Prosecutor's Office, where he led a team reviewing over 2,500 cases and handled high-profile white-collar criminal matters. In 2007 he founded Bond Stone, building it over 18 years into a multi-office internationally ranked firm advising Chinese, European, Gulf, and US institutional investors across Kazakhstan, Uzbekistan, and the AIFC.
Sanat's practice covers cross-border M&A, foreign investment structuring, AIFC entity formation and AFSA licensing, energy and natural resources advisory, dispute resolution before the AIFC Court and Kazakhstan courts, and tax advisory across Kazakhstan and Uzbekistan. His client base includes Fortune Global 500 companies — among them Chevron and CEFC China Energy — as well as international law firms engaging Bond Stone as local counsel for Central Asia transactions.
Sanat is a member of the Almaty Bar Association, member No. 359-04/24, admitted to represent clients before all courts and government agencies of Kazakhstan. He holds an LL.M. from IIT Chicago-Kent College of Law and is a member of the International Bar Association (IBA), American Bar Association (ABA), and American Immigration Lawyers Association (AILA).
Selected Experience
- Lead counsel to an Australian strategic investor on the acquisition of a leather processing facility in Kazakhstan, including due diligence, the purchase agreement and post-closing work (2025).
- Advised a Chinese state-owned group on the full construction cycle of a USD 360 million hydropower plant in Kazakhstan.
- Legal audit and compliance report on Kazakhstan's national electricity grid operator (2013).
- Advised a Russian agro-industrial group on the purchase of 100% of an oil extraction business in Kazakhstan, including antimonopoly consent.
- Local counsel to the engineering contractor on a copper processing plant in Kazakhstan.
Experience
M&A · Kazakhstan · Manufacturing
Cross-border M&A — Industrial Acquisition
Lead counsel on cross-border acquisition of a Kazakhstan leather processing facility by an Australian strategic investor — full legal support including due diligence, acquisition vehicle structuring, SPA negotiation, and post-closing compliance.
USD 12 million
M&A · Kazakhstan · Oil & Gas
KazMunayGas × CEFC China Energy — M&A
Advising on the acquisition of a 51% stake in KMG International — owning Romania's Petromidia Navodari and Vega Ploiesti refineries plus Eastern European fuel distribution. USD 3.68 billion transaction.
Project Finance · Kazakhstan · Renewable Energy
Moinak Hydro Power Plant
Full-cycle legal support for Kazakhstan's first major hydropower plant since independence — advising CWE (China International Water & Electric) and Samruk-Energo on project structure, financing, and regulatory matters.
USD 360 million
Mining · Kazakhstan · Project Development
Copper Cathode Plant — Project Development
Local counsel advising on all corporate, licensing, regulatory, construction, and project development matters throughout the lifecycle of a 5,000-tonne/year cathode copper processing plant in Karaganda Region.
USD 19.6 million
Project Finance · Kazakhstan · Manufacturing
Investment Contract — Manufacturing Facility
Advised a foreign investor on an investment agreement with the Government of Kazakhstan for a soft drinks plant — tax and customs preferences and state in-kind grants. 2024.
M&A · Kazakhstan · Food & Agro
Savola Foods — CIS Acquisition
Full M&A legal support for Yug Rusi's acquisition of 100% of Savola Foods CIS — a company holding 20% domestic sunflower oil market share — including antitrust clearance.
USD 25 million
Regulatory · Kazakhstan · Energy / Grid
KEGOC — National Grid Due Diligence
Legal audit of Kazakhstan's national electricity grid operator — corporate compliance review, regulatory risk reporting, and advisory on concession and licensing framework for infrastructure investors. USD 13 million mandate.
Corporate · Kazakhstan · Luxury Retail
Chopard Kazakhstan — Distributorship & IP
IP risk management, distributorship contracting, and legal governance for the official CHOPARD distributor (Premium Lux LLP) in Kazakhstan — including trademark protection and exclusive distribution framework.
USD 5 million
AIFC · Astana · Digital Assets / Fintech
AFSA Licensing — Digital Assets & Fintech
Advising multiple international fintech and digital asset operators on AFSA licensing applications — digital asset exchange, payment services, brokerage, and investment management licences — including regulatory correspondence and compliance framework implementation.
Corporate · Kazakhstan · Pharmaceuticals
Macleods Pharmaceuticals — Kazakhstan Entry
Advising Macleods Pharmaceuticals on market entry and regulatory licensing in Kazakhstan — entity formation, pharmaceutical product registration, distribution agreements, and ongoing regulatory compliance advisory.
Corporate · Kazakhstan · Pharmaceuticals
Hetero Labs — Long-term Regulatory Advisory
Long-standing advisory relationship with Hetero Labs / Camber Pharma — providing ongoing corporate, regulatory, dispute resolution, and commercial legal support across Kazakhstan operations.
Dispute Resolution · AIFC · Financial Services
AIFC Court — Dispute Resolution
Representing AFSA-regulated entities in AIFC Court proceedings — appearing before the AIFC Court and advising on enforcement of AIFC Court judgments within Kazakhstan.
Credentials & Recognition
AIFC Registered Legal Adviser
Holds AIFC Registered Legal Adviser status, advises on AIFC law and English common law and appears before the AIFC Court.
Legal 500 EMEA — Recommended Lawyer →
Recommended in Legal 500 EMEA for M&A, Foreign Investment, and Energy & Natural Resources in Kazakhstan.
IFLR1000 — Recommended Lawyer →
Recommended by IFLR1000 for M&A and transactional work in Kazakhstan.
Almaty Bar Association — Member No. 359-04/24
Licensed to practise law in the Republic of Kazakhstan and appear before all courts and government agencies.
Education
IIT Chicago-Kent College of Law
Master of Laws (LL.M.), 2019
School of American Law in Kazakhstan (IIT Chicago-Kent)
Certificate in Business Law, 2018
Kazakh State Law University
Bachelor of Laws (LL.B.), 1999
Professional Memberships
Almaty Bar Association — Member No. 359-04/24
International Bar Association (IBA)
American Bar Association (ABA)
American Immigration Lawyers Association (AILA)
Languages
Kazakh (native) · Russian (fluent) · English (fluent)
