{"id":4708,"date":"2026-07-16T11:40:09","date_gmt":"2026-07-16T06:40:09","guid":{"rendered":"https:\/\/bondstonelaw.com\/?page_id=4708"},"modified":"2026-07-16T11:40:09","modified_gmt":"2026-07-16T06:40:09","slug":"cross-border-ma-and-aifc-structuring-in-kazakhstan","status":"publish","type":"page","link":"https:\/\/bondstonelaw.com\/ru\/cross-border-ma-and-aifc-structuring-in-kazakhstan\/","title":{"rendered":"Cross-border M&#038;A and AIFC Structuring in Kazakhstan"},"content":{"rendered":"<p style=\"font-family: Roboto,sans-serif; font-size: 13px; font-weight: 600; color: #c9a96e; letter-spacing: 3px; text-transform: uppercase; margin-bottom: 16px;\">M&amp;A \u00a0\u00b7\u00a0 KAZAKHSTAN<\/p>\n<h1 style=\"font-family: Georgia,serif; font-size: 48px; font-weight: 400; color: #0a1628; line-height: 1.2; margin-bottom: 20px;\">Cross-border M&amp;A and AIFC Structuring in Kazakhstan<\/h1>\n<p style=\"font-family: Roboto,sans-serif; font-size: 18px; font-weight: 300; color: #333333; line-height: 1.7; margin-bottom: 16px;\">Bond Stone advises international acquirers on cross-border M&amp;A structuring for Kazakhstan investments \u2014 inserting an AIFC holding company above Kazakhstani operating assets to enable English law SPAs, AIFC Court jurisdiction, and internationally familiar deal documentation, all advised on a single mandate as AIFC Registered Legal Adviser.<\/p>\n<p style=\"font-family: Roboto,sans-serif; font-size: 14px; color: #666666; font-style: italic; margin-bottom: 32px;\">Primary authority: AIFC Constitutional Statute; AIFC Contract Regulations 2017; AIFC Companies Regulations 2017; AIFC Court Regulations 2017. Authority: <a style=\"color: #c9a96e; text-decoration: none;\" href=\"https:\/\/aifc.kz\" target=\"_blank\" rel=\"noopener\">aifc.kz<\/a><\/p>\n<hr style=\"border: none; border-top: 1px solid #E8E0D0; margin: 40px 0;\" \/>\n<h2 style=\"font-family: Georgia,serif; font-size: 32px; font-weight: 400; color: #0a1628; margin-bottom: 20px;\">Key Considerations<\/h2>\n<div style=\"background: #F9F9F7; border: 1px solid #E8E0D0; padding: 24px 28px; margin-bottom: 40px;\">\n<div style=\"margin-bottom: 14px; padding-bottom: 14px; border-bottom: 1px solid #E8E0D0;\">\n<p style=\"font-family: Georgia,serif; font-size: 15px; color: #0a1628; margin-bottom: 6px; font-weight: 400;\">The AIFC holding structure \u2014 why it matters<\/p>\n<p style=\"font-family: Roboto,sans-serif; font-size: 14px; color: #666666; line-height: 1.6; margin: 0;\">The standard cross-border M&amp;A structure for Kazakhstan investments is: AIFC holding company (English common law) above a Kazakhstani operating entity (Kazakhstani civil law). The SPA and shareholders agreement are governed by AIFC Contract Regulations \u2014 English common law \u2014 providing international acquirers with familiar warranty and indemnity provisions, dispute resolution before the AIFC Court, and deal economics expressed in USD without currency conversion complexity.<\/p>\n<\/div>\n<div style=\"margin-bottom: 14px; padding-bottom: 14px; border-bottom: 1px solid #E8E0D0;\">\n<p style=\"font-family: Georgia,serif; font-size: 15px; color: #0a1628; margin-bottom: 6px; font-weight: 400;\">Bond Stone&#8217;s unique capability<\/p>\n<p style=\"font-family: Roboto,sans-serif; font-size: 14px; color: #666666; line-height: 1.6; margin: 0;\">Bond Stone is one of the few firms in Kazakhstan with AIFC Registered Legal Adviser status \u2014 enabling it to advise on both the AIFC holding layer (English law) and the Kazakhstani operating layer (Kazakhstani civil law) on a single mandate. Most international transactions require separate AIFC counsel and Kazakhstani counsel \u2014 increasing cost and coordination risk. Bond Stone eliminates this duplication.<\/p>\n<\/div>\n<div style=\"margin-bottom: 14px; padding-bottom: 14px; border-bottom: 1px solid #E8E0D0;\">\n<p style=\"font-family: Georgia,serif; font-size: 15px; color: #0a1628; margin-bottom: 6px; font-weight: 400;\">AIFC entity formation<\/p>\n<p style=\"font-family: Roboto,sans-serif; font-size: 14px; color: #666666; line-height: 1.6; margin: 0;\">Formation of an AIFC holding company \u2014 Private Company Limited by Shares (LLP or Ltd.) \u2014 including constitutional documents, share structure, and management arrangements. Bond Stone coordinates AIFC entity formation in parallel with the transaction timeline to avoid closing delays.<\/p>\n<\/div>\n<div style=\"margin-bottom: 14px; padding-bottom: 14px; border-bottom: 1px solid #E8E0D0;\">\n<p style=\"font-family: Georgia,serif; font-size: 15px; color: #0a1628; margin-bottom: 6px; font-weight: 400;\">English law SPA \u2014 AIFC Contract Regulations<\/p>\n<p style=\"font-family: Roboto,sans-serif; font-size: 14px; color: #666666; line-height: 1.6; margin: 0;\">Where the acquisition is structured through an AIFC holding company, the SPA can be governed by AIFC Contract Regulations \u2014 English common law as codified for the AIFC. Bond Stone drafts AIFC-law SPAs with internationally familiar provisions: representations and warranties, indemnities, MAC clauses, locked-box mechanics, and W&amp;I insurance compatibility.<\/p>\n<\/div>\n<div>\n<p style=\"font-family: Georgia,serif; font-size: 15px; color: #0a1628; margin-bottom: 6px; font-weight: 400;\">AIFC Court \u2014 dispute resolution<\/p>\n<p style=\"font-family: Roboto,sans-serif; font-size: 14px; color: #666666; line-height: 1.6; margin: 0;\">The AIFC Court is an independent English common law court with internationally experienced judges. Bond Stone holds automatic right of audience before the AIFC Court as an AIFC Registered Legal Adviser \u2014 unavailable to non-RLA counsel. Bond Stone drafts AIFC Court jurisdiction clauses into all AIFC-layer transaction documents.<\/p>\n<\/div>\n<\/div>\n<hr style=\"border: none; border-top: 1px solid #E8E0D0; margin: 40px 0;\" \/>\n<h2 style=\"font-family: Georgia,serif; font-size: 32px; font-weight: 400; color: #0a1628; margin-bottom: 20px;\">Experience<\/h2>\n<p style=\"font-family: Roboto,sans-serif; font-size: 16px; color: #333333; line-height: 1.8; margin-bottom: 32px;\">Bond Stone has advised on M&amp;A transactions in Kazakhstan since 2007. Client confidentiality is maintained across all matters.<\/p>\n<div style=\"display: grid; grid-template-columns: 1fr 1fr 1fr; gap: 16px; margin-bottom: 40px;\">\n<div style=\"border: 1px solid #E8E0D0; border-top: 3px solid #C9A96E; padding: 20px;\">\n<p style=\"font-family: Georgia,serif; font-size: 14px; color: #0a1628; margin-bottom: 6px; font-weight: 400;\">AIFC Holding \u2014 Group Restructuring<\/p>\n<p style=\"font-family: Roboto,sans-serif; font-size: 12px; color: #c9a96e; text-transform: uppercase; letter-spacing: 1px; margin-bottom: 8px;\">M&amp;A \u00b7 AIFC \u00b7 Kazakhstan \u00b7 Cross-border<\/p>\n<p style=\"font-family: Roboto,sans-serif; font-size: 13px; color: #666666; line-height: 1.6; margin: 0;\">Inserting an AIFC holding company above a foreign group&#8217;s Kazakhstani operating subsidiaries \u2014 AIFC entity formation, English law shareholders agreement, and reorganisation of ownership structure under AIFC Contract Regulations.<\/p>\n<\/div>\n<div style=\"border: 1px solid #E8E0D0; border-top: 3px solid #C9A96E; padding: 20px;\">\n<p style=\"font-family: Georgia,serif; font-size: 14px; color: #0a1628; margin-bottom: 6px; font-weight: 400;\">English Law SPA \u2014 Mining Acquisition<\/p>\n<p style=\"font-family: Roboto,sans-serif; font-size: 12px; color: #c9a96e; text-transform: uppercase; letter-spacing: 1px; margin-bottom: 8px;\">M&amp;A \u00b7 AIFC \u00b7 Kazakhstan \u00b7 Mining<\/p>\n<p style=\"font-family: Roboto,sans-serif; font-size: 13px; color: #666666; line-height: 1.6; margin: 0;\">Drafting an AIFC-governed SPA for the acquisition of a Kazakhstani mining company through an AIFC holding structure \u2014 warranties, indemnities, completion mechanics, and AIFC Court jurisdiction clause.<\/p>\n<\/div>\n<div style=\"border: 1px solid #E8E0D0; border-top: 3px solid #C9A96E; padding: 20px;\">\n<p style=\"font-family: Georgia,serif; font-size: 14px; color: #0a1628; margin-bottom: 6px; font-weight: 400;\">AIFC Court \u2014 Jurisdiction Clause<\/p>\n<p style=\"font-family: Roboto,sans-serif; font-size: 12px; color: #c9a96e; text-transform: uppercase; letter-spacing: 1px; margin-bottom: 8px;\">M&amp;A \u00b7 AIFC \u00b7 Kazakhstan \u00b7 Dispute Resolution<\/p>\n<p style=\"font-family: Roboto,sans-serif; font-size: 13px; color: #666666; line-height: 1.6; margin: 0;\">Advising an international acquirer on drafting AIFC Court jurisdiction and governing law clauses for an M&amp;A transaction \u2014 distinguishing AIFC layer (AIFC Court) from KZ operating layer (Kazakhstani courts or AIFC arbitration).<\/p>\n<\/div>\n<div style=\"border: 1px solid #E8E0D0; border-top: 3px solid #C9A96E; padding: 20px;\">\n<p style=\"font-family: Georgia,serif; font-size: 14px; color: #0a1628; margin-bottom: 6px; font-weight: 400;\">Dual-layer M&amp;A \u2014 Energy Sector<\/p>\n<p style=\"font-family: Roboto,sans-serif; font-size: 12px; color: #c9a96e; text-transform: uppercase; letter-spacing: 1px; margin-bottom: 8px;\">M&amp;A \u00b7 AIFC \u00b7 Kazakhstan \u00b7 Energy<\/p>\n<p style=\"font-family: Roboto,sans-serif; font-size: 13px; color: #666666; line-height: 1.6; margin: 0;\">Full dual-layer M&amp;A mandate for energy sector acquisition \u2014 AIFC holding formation, English law SPA, and Kazakhstani operating entity share transfer documentation, all advised by Bond Stone as AIFC RLA.<\/p>\n<\/div>\n<div style=\"border: 1px solid #E8E0D0; border-top: 3px solid #C9A96E; padding: 20px;\">\n<p style=\"font-family: Georgia,serif; font-size: 14px; color: #0a1628; margin-bottom: 6px; font-weight: 400;\">Chinese Buyer \u2014 AIFC Structure<\/p>\n<p style=\"font-family: Roboto,sans-serif; font-size: 12px; color: #c9a96e; text-transform: uppercase; letter-spacing: 1px; margin-bottom: 8px;\">M&amp;A \u00b7 AIFC \u00b7 Kazakhstan \u00b7 China<\/p>\n<p style=\"font-family: Roboto,sans-serif; font-size: 13px; color: #666666; line-height: 1.6; margin: 0;\">Advising a Chinese buyer on using an AIFC holding structure for Kazakhstani investment \u2014 AIFC entity formation, English law SPA acceptable to Chinese parent, AIFC Court jurisdiction, and ODI filing coordination.<\/p>\n<\/div>\n<div style=\"border: 1px solid #E8E0D0; border-top: 3px solid #C9A96E; padding: 20px;\">\n<p style=\"font-family: Georgia,serif; font-size: 14px; color: #0a1628; margin-bottom: 6px; font-weight: 400;\">W&amp;I Insurance Structuring<\/p>\n<p style=\"font-family: Roboto,sans-serif; font-size: 12px; color: #c9a96e; text-transform: uppercase; letter-spacing: 1px; margin-bottom: 8px;\">M&amp;A \u00b7 AIFC \u00b7 Kazakhstan \u00b7 Insurance<\/p>\n<p style=\"font-family: Roboto,sans-serif; font-size: 13px; color: #666666; line-height: 1.6; margin: 0;\">Advising on warranty and indemnity insurance compatibility for an AIFC-structured acquisition of a Kazakhstani target \u2014 English law SPA requirements for W&amp;I underwriting and disclosure protocol coordination.<\/p>\n<\/div>\n<\/div>\n<div style=\"background: #0A1628; padding: 32px; margin-bottom: 40px;\">\n<p style=\"font-family: Georgia,serif; font-size: 20px; color: #c9a96e; margin-bottom: 16px; font-weight: 400;\">Why Bond Stone<\/p>\n<p style=\"font-family: Roboto,sans-serif; font-size: 14px; color: #cccccc; line-height: 1.8; margin-bottom: 8px;\">\u2726 \u00a018+ years advising on M&amp;A in Kazakhstan \u2014 active across mining, energy, real estate, and manufacturing<\/p>\n<p style=\"font-family: Roboto,sans-serif; font-size: 14px; color: #cccccc; line-height: 1.8; margin-bottom: 8px;\">\u2726 \u00a0AIFC RLA status \u2014 AIFC holding and Kazakhstani operating layer on a single mandate<\/p>\n<p style=\"font-family: Roboto,sans-serif; font-size: 14px; color: #cccccc; line-height: 1.8; margin-bottom: 0;\">\u2726 \u00a0Ranked Legal 500 EMEA and IFLR1000 \u2014 Almaty and Astana offices<\/p>\n<\/div>\n<p style=\"font-family: Roboto,sans-serif; font-size: 14px; color: #666666; margin-bottom: 32px;\">Primary authority: <a style=\"color: #c9a96e; text-decoration: none;\" href=\"https:\/\/adilet.zan.kz\" target=\"_blank\" rel=\"noopener\">adilet.zan.kz<\/a><\/p>\n<hr style=\"border: none; border-top: 1px solid #E8E0D0; margin: 40px 0;\" \/>\n<h2 style=\"font-family: Georgia,serif; font-size: 32px; font-weight: 400; color: #0a1628; margin-bottom: 12px;\">Discuss your Kazakhstan M&amp;A transaction<\/h2>\n<p style=\"font-family: Roboto,sans-serif; font-size: 16px; color: #333333; line-height: 1.7; margin-bottom: 24px;\">Contact Bond Stone for a confidential discussion about Cross-border M&amp;A &amp; AIFC Structuring in Kazakhstan.<\/p>\n<p style=\"font-family: Roboto,sans-serif; font-size: 15px; color: #333333; margin-bottom: 32px;\">\ud83d\udce7 <a style=\"color: #c9a96e; text-decoration: none;\" href=\"mailto:info@bondstonelaw.com\">info@bondstonelaw.com<\/a><br \/>\n\ud83d\udcde <a style=\"color: #c9a96e; text-decoration: none;\" href=\"tel:+77017297672\">+7 (701) 729 76 72<\/a><\/p>\n<p style=\"display: flex; flex-wrap: wrap; gap: 12px;\"><a style=\"font-family: Roboto,sans-serif; font-size: 14px; background: #0A1628; color: #ffffff; padding: 14px 28px; text-decoration: none; display: inline-block;\" href=\"\/contact\/\">Request a Confidential Consultation<\/a><br \/>\n<a style=\"font-family: Roboto,sans-serif; font-size: 14px; border: 1px solid #C9A96E; color: #0a1628; padding: 14px 28px; text-decoration: none; display: inline-block;\" href=\"\/competition-law-and-merger-filings-in-kazakhstan\/\">\u2190 Competition &amp; Merger Filings<\/a><br \/>\n<a style=\"font-family: Roboto,sans-serif; font-size: 14px; border: 1px solid #C9A96E; color: #0a1628; padding: 14px 28px; text-decoration: none; display: inline-block;\" href=\"\/practice-areas\/mergers-and-acquisitions-in-kazakhstan\/\">\u2190 M&amp;A Hub Kazakhstan<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>M&amp;A \u00a0\u00b7\u00a0 KAZAKHSTAN Cross-border M&amp;A and AIFC Structuring in Kazakhstan Bond Stone advises international acquirers on cross-border M&amp;A structuring for Kazakhstan investments \u2014 inserting an AIFC holding company above Kazakhstani operating assets to enable English law SPAs, AIFC Court jurisdiction, and internationally familiar deal documentation, all advised on a single mandate as AIFC Registered Legal [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-4708","page","type-page","status-publish","hentry"],"translation":{"provider":"WPGlobus","version":"3.0.3","language":"ru","enabled_languages":["en","ru"],"languages":{"en":{"title":true,"content":true,"excerpt":false},"ru":{"title":false,"content":false,"excerpt":false}}},"_links":{"self":[{"href":"https:\/\/bondstonelaw.com\/ru\/wp-json\/wp\/v2\/pages\/4708","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bondstonelaw.com\/ru\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/bondstonelaw.com\/ru\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/bondstonelaw.com\/ru\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/bondstonelaw.com\/ru\/wp-json\/wp\/v2\/comments?post=4708"}],"version-history":[{"count":1,"href":"https:\/\/bondstonelaw.com\/ru\/wp-json\/wp\/v2\/pages\/4708\/revisions"}],"predecessor-version":[{"id":4709,"href":"https:\/\/bondstonelaw.com\/ru\/wp-json\/wp\/v2\/pages\/4708\/revisions\/4709"}],"wp:attachment":[{"href":"https:\/\/bondstonelaw.com\/ru\/wp-json\/wp\/v2\/media?parent=4708"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}