Practices

Centil’s practices are distinguished by deep transactional expertise, nuanced understanding of the evolving legal landscape across Central Asia.

Banking and Finance

Trusted by leading international investment banks from America, Europe, and Asia, financial institutions, multinational corporations, and sovereign entities, our practice guides clients through national and multi-jurisdictional transactions of strategic significance.

Acting as a reliable bridge between local borrowers and foreign lenders, the team structures transactions in jurisdictions where regulatory frameworks often diverge from international financing standards, navigating complex legal environments to deliver financially robust, internationally compliant solutions.

Recent Projects

AUIC

Advised Azerbaijan Uzbek Investment Company on an equity swap transaction with Abu Dhabi-based investment funds

American EXIM Bank

Advising on aircraft leasing

American invest. advisory​

Advising company on marketing of their investment advisory services to private funds and investors in Kazakhstan

Austrian Bank

Consultations on indirect acquisition of local leading bank in the Kyrgyz Republic

BNY

Acted as a depository bank's local counsel, advised on market entry, legislative amendments for the first IPO of a sovereign investment fund

Bank of Georgia

Advised on the securities market environment and inclusion in capital markets regulatory sandbox regime in Uzbekistan

Cassa Depositi e Prestiti S.P.A.

Advising in a €200 million SACE-backed financing to the Development Bank of Kazakhstan

Centrum Air

Advised a largest private airline company on debut offering of corporate Eurobonds under Reg S/Rule 144A

CDB

Advising on an RMB 2 billion facility to Development Bank of Kazakhstan

China Exim Bank

Advising on the major railroad infrastructure finance project in Kazakhstan

Chinese major law firm

Updating of the Memo and CP Confirmation Letter for CDB - Altynken LLC 2nd disbursement

Chinese policy bank

Advised on a series of financing transactions supporting the agricultural sector in Central Asia, including structuring debt financing for a leading cotton producer

Deutsche Bank AG​

Consultations on credit transactions with a leading local non-bank credit company. Legal opinion, amendments to the credit agreement

EBRD

Legal advice on lending and secured transactions with Kyrgyz leading banks and non-banking credit companies

EDB

Project to finance the construction and operation of a hydroelectric power plant

European agricultural group

Advised on a senior financing transaction, including comprehensive due diligence, negotiation support and delivery of a bankability-focused legal opinion

European bank

Advising large European bank on the multi-million syndicated loan facility to finance the construction of casting and rolling mill complex project

Foreign aircraft lessor

Advised on a cross-border leasing transaction. Due diligence, transaction documentation, regulatory analysis, satisfaction of conditions precedent to closing

International financial institution 

Advising on financing of Uzbek banks, including extension of senior UZS/USD synthetic loans. Due diligence, structuring

International leasing company

Advising on aircraft leasing transaction, due diligence, English law governed documentation, regulatory matters and CPs on the transaction

ICD

Islamic Corporation for the Development of the Private Sector - syndicated Finance Facility for Savtechnic International

IDB​

Due diligence and advising on Islamic credit facility with major contraction and investment company

IFC, ING

Advised on debut offering of the Uzbek Soum in the amount of UZS 80 bln denominated bonds under Reg S by international development institution, IFC

International Arbitration UK​

Legal opinion and expert evidence on the issues of financing the internation operations by leading aluminum trader

International bank

Advising on the arrangement of a 2-year Uzbek Soum-denominated Eurobond issuance by an IFI, including listing on the London Stock Exchange

International financial institution

Advised on a USD 50 million MIGA-covered trade finance facility extended to a systemically important bank in Tajikistan

Ipoteka Bank

Advising on the issuance of dual tranche Eurobonds denominated in USD, UZS; Ipoteka Bank's issuance of 5-year Eurobonds worth 300$ mln. on the LSE

Major PRC bank​

Advising in connection with sovereign state guarantee, representing the bank in negotiations with Kazakhstan’s Ministry of Finance

Major airline company​

Advising major airline company in Kazakhstan in aircraft finance transactions

Major UAE bank

Advised on a USD 30 million term loan facility provided to a major state-owned bank in Uzbekistan

Min. of Economy and Finance

Advised on US$ 1 billion debut offering of sovereign Eurobonds under Reg S/Rule 144A by the Ministry of Finance on behalf of the Government of Uzbekistan

NMMC

Advised on US$ 1 billion offering of corporate Eurobonds under Reg S/Rule 144A by the national gold mining corporation, NGMK

North American hedge fund​

Advising on the restrictions of Kazakhstan laws on the marketing of private investment funds in Kazakhstan

ODDO BHF SE

Advising in connection with a USD 50 mln. bilateral, MIGA-covered trade loan facility to JSC Microcreditbank

Oman company

Advising a company specialized in commercial charter vessels in a complex aircraft-secured lending to a Kazakh borrower

Oppenheimer

Advised on debut offering of sub- sovereign Eurobonds under Reg S/Rule 144A by the Tashkent City Municipality

Société Générale​

Advising on a €770 million loan facility to the Kazakh national railway company JSC

Strategic state-owned company

Advising on a 220$ ml. loan for the introduction of automated control and metering of natural gas project

Swiss insurance company​

Consultations on issues related to the regulation of endowment life insurance in the Kyrgyz Republic

Syndicate of investment banks​

Advising international banks on placement of bonds of Kazakhstan Temirzholy JSC and KazMunaiGas JSC

Uzbekneftegaz

Advised on US$700 million offering of corporate Eurobonds under Reg S/Rule 144A by the national oil corporation, Uzbekneftegaz

Commercial and Regulatory

Advising multinational corporations, financial institutions, and regional market players, our practice supports clients in navigating complex regulatory frameworks and operational requirements across Central Asia. From market entry to ongoing compliance, we guide businesses through evolving legal environments and sector-specific regulations.

Our work covers regulatory advisory and procedural guidance, licensing and permits, legal documentation, and compliance verification, as well as legal risk assessments, regulatory landscape analysis, and due diligence. Combining technical precision with practical insight, we deliver clear, actionable recommendations that enable clients to operate confidently and mitigate regulatory risk.

Recent projects

AliExpress

Drafting legal advice on regulation of marketplace activities: e-commerce, customs, content, personal data and etc.

Alipay

Advised on the activities related to collection of local sale proceeds from the perspective of payments regulations

Amazon

Drafted a comprehensive legal memorandum on personal data regulations for Amazon, focusing on specific questions outlined in the questionnaire

Amazon Kuiper

Advised on low-earth orbit satellite internet deployment in Kazakhstan, providing full-cycle legal support for the first of its kind project in Central Asia

Avito

Advised on data protection and privacy compliance and drafting privacy documentation

Binance

Advised Binance on the Uzbek legal framework for crypto-asset turnover and data privacy matters

CEPHA

Annual review and update of the business amenities policy of Centre for Pharmacology and Analysis (CEPHA) on its compliance with Uzbek laws

Global payment platform

Advised on the structuring of local revenue collection and compliance with domestic payment regulations, supporting the rollout of its operations in Tajikistan

Global payment systems provider

Prepared a comprehensive legal report on cross-border payment regulation and crypto-asset circulation, addressing regulatory gaps and practical implementation issues

International company

Advised on the launch of a digital product in Tajikistan, covering regulatory, commercial and operational considerations in a rapidly evolving legal environment

Mastercard

Drafting a comprehensive legal report for Mastercard on cross-border payment regulations and crypto-asset turnover

Petronas PSA

Production sharing agreement on Ustyurt gas fields $4 billion

Samsung

Drafting comprehensive legal advice on telecommunications regulations for Samsung related to the provision of cloud services

Takeda

Advised on Uzbek legal matters related to establishment and operation of its representative office in Uzbekistan, data protection

Wolf Theiss

Advising on potential roll-out of Porsche Connect in Uzbekistan from the perspective of Uzbek data privacy regulations

Yandex

Advising the Yandex Group (Yandex Food, Yandex Go, Yandex Delivery) in the context of an information product launch

Corporate and M&A

We offer exceptional expertise in corporate services and strategic advice on navigating Central Asia’s legal environment as well as particular strength in complex M&A and private equity transactions, involving cross-border elements and high-value deals.

The team provides full-cycle transaction support, from legal due diligence and deal structuring to drafting and negotiation of transaction documentation, including SPA, SHA, and JVA. We advise on corporate governance frameworks, group restructurings, and shareholder arrangements, as well as regulatory approvals involving antitrust, subsoil use, and strategic assets. Our approach ensures each transaction is structured to achieve the client’s strategic goals with precision and efficiency.

Recent Projects

Coca-Cola

Advised on the privatization of a state-owned stake in Coca-Cola Bottlers Uzbekistan JV LLC, including full due diligence and transaction execution

Cummins

Advised on antitrust risks and competition law compliance in connection with participation in public procurement procedures

Dutch automotive importer

Advised a shareholder in Kazakhstan’s largest car manufacturing group on corporate governance and charter matters

EBRD

Legal support for Kumtor gold project financing, including security, corporate authority review, and Kyrgyz law analysis

Europe’s leading manufacturer

Advised on a landmark investment in Kazakhstan’s passenger rail industry in partnership with the national railway operator

GAC Motor

Advised the international arm of one of China’s largest automotive manufacturers on establishing its presence in Uzbekistan

GTL Project

Investment into a largest gas to liquid facility $3.5 billion

Highland Capital

Advised on a USD 1 million private equity investment in Uzbekistan’s medical sector, conducting comprehensive labor due diligence of the target company

Indorama Textile

Investment into a largest textile and fertilizer factory and private cotton field $1 billion

Internet service company

Represented in acquiring HR Messenger, an AIFC-based startup, through a structure governed by English law

Leading digital banking group

Advised on the acquisition of a controlling stake in Uzbekistan’s leading online classifieds platform in a landmark USD 50 million transaction

Leading digital banking group

Advised on its staged acquisition of 100% of one of Uzbekistan’s leading fintech platforms, including drafting and negotiation of transaction documents and completion support

Leading digital banking group

Advised on the establishment of a digital banking platform in Uzbekistan in a landmark USD 260 million transaction

Majid Al Futtaim

Advised UAE-based company on a sell-side M&A transaction in Uzbekistan, including vendor due diligence and post-closing matters

Major mining and metallurgical company

Advised on the establishment of a JV with an international industrial group for the implementation of a USD 100 million mining project

Major oil corporation

Multi-jurisdictional restructuring involving transfer of subsoil assets within the group. Coordination across 4 legal systems

Major Russian energy company​

Legal advice on joint venture formation, shareholders’ agreements, constitutional documents, and share issuance in Kyrgyzstan

Major Turkish company

Acquisition of a subsoil user holding a major tungsten deposit. Licensing, regulatory clearance, bank guarantee to secure transaction commitments

Mars

Acted as Kazakh counsel to Skadden in the consolidation of Mars and Wrigley operations in Kazakhstan

North American company

Assisted in the global acquisition, expanding the client’s footprint into Europe and integrating cross-border operations

Novo Nordisk

Provided antitrust advisory to the Uzbek representative office of Novo Nordisk on competition law risks related to pharmaceutical pricing

Renewable energy company

Comprehensive legal assistance in multiple acquisitions of renewable energy SPVs and solar power plant owners

Surgil Project

Project finance deal on Surgil gas chemicals project $4.5 billion

UAE-based renewable energy company

Advised on Uzbek corporate law aspects of the acquisition of a 900 MW combined-cycle gas turbine power project and the establishment of companies in Uzbekistan

Uranium producer

Legal support for foreign investor entry, corporate documents, and project financing

Veolia

Advised a European private company on the first unsolicited PPP proposal in Uzbekistan for a €1.5 billion heating network project in Tashkent

Dispute Resolution

Our Dispute Resolution practice represents clients in complex and high-value disputes across Central Asia, including commercial litigation, international arbitration, and disputes with government authorities and regulators. We act for multinational corporations, financial institutions, and private clients in matters requiring strategic positioning, procedural control, and effective advocacy.

The team handles cross-border disputes, court proceedings across all instances, and international arbitration, as well as pre-litigation strategy and negotiated settlements. We advise on recognition and enforcement of foreign court judgments and arbitral awards, represent clients in disputes involving state bodies, regulatory actions, labour and IP matters, and provide legal opinions and dispute risk assessments under local law. Our approach is precise and outcome-focused, ensuring that clients’ interests are protected at every stage of the dispute lifecycle.

Recent Projects

AMMC

Cross-border litigation in Uzbekistan and Kazakhstan in relation to a supply contract

Alvarez & Marsal

Providing counsel services, management of a company’s day-to-day legal affairs and the strategic mitigation of operational risks

Balton Trading Asia

Delivering seamless ongoing legal support to company, maintaining full regulatory compliance and mitigating operational risks through proactive advisory

Commercial bank (Rep. of Korea)

Court dispute over foreclosure on property securing obligations under international credit agreements, amount of claims about USD 20 million

EBRD

Legal opinion on application of criminal law for banking projects, including fines and liability of officials

FMCG company

Representing in a dispute over the quality of products and the fulfillment of contractual obligations with the amount of claims about USD 300,000

International corporation

Representing in a dispute over debt collection from a counterparty with a claim amount of about USD 2 million

International corporation

Foreclose on a bank guarantee provided to secure obligations under a distribution agreement of USD 1.5 million

International corporation

Representing in a dispute over debt collection from a counterparty with a claim amount of about USD 3 million

Kimberly-Clark

The initiation of proceedings before the Committee for the Development of Competition and Consumer Rights Protection

Major bank in Italy

Recovery of the amount of promissory notes of USD 214,000

Next

Advising a client on market entry strategies for the Uzbekistan, including review and subsequent amendment of franchising and licensing agreements

Railway transport manufacturer

Compensation of damage caused by unlawful actions of USD 23.5 million

Russian coal mining company

Recognition and enforcement of USD 13.5 million

Shindong

Representing the interests of a company before the Supreme Court of the Republic of Uzbekistan in high-stakes litigation concerning debt recovery

State military pension fund

Representing fund of the Republic of Korea in a legal dispute over the sale of mortgages in Kazakhstan with a claim amount of about USD 50 million

Tosol-Sintez

One of the first precedents to confirm the possibility of recovering statutory compensation in accordance with the Law on Trademarks

Valeo PHC

Strategic protection of trademark rights and the implementation of comprehensive anti-counterfeiting measures

Investments

Our practice is at the forefront of landmark and first-of-their-kind projects across Central Asia, advising on some of the region’s most complex and high-profile developments.

The team provides comprehensive support on project development and implementation, project finance and structured financing, and PPP arrangements. We particular focus on energy and natural resources projects, including renewables, as well as construction and infrastructure contracts, land use and subsoil matters. Our work also covers public procurement and tenders, utilities regulation, and government and multilateral advisory, ensuring seamless execution across the full project lifecycle.

Recent Projects

ADB

Project structure and applicability of legislative requirements and tender procedures, assisting with amendments to PPP laws for UZ Solar Program

AMMC

Advising on a large-scale modernization program, including multiple greenfield construction projects amounting to USD 3,6 bln.

Aloqabank

Advised on EPC Contract (FIDIC Yellow book) for the construction of the bank's new headquarters

Big4 company​

Consultation on regulatory framework of hydropower and renewable energy sectors in Kyrgyz Republic

CNPC

Advising on corporate, tax, licensing and currency aspects of establishing petroleum joint venture with Uzbekneftegaz worth approximately 650$ million

CDB

Advising on financing of a PRC gold mining company for the development of gold mining projects in Central Asia, including Tajikistan and Kyrgyzstan

CPP

Advised on a FIDIC-based construction contract for rehabilitation and development of water distribution system in Bukhara and Surkhandarya

China State Construction

Advised on EPC Contract (FIDIC Yellow Book 1999) for the construction of the State Museum of Arts of Uzbekistan

Chinese SOE

Advising a Chinese SOE on direct negotiations and assisting with hybrid PPA and IA for construction and operation of the 600 MW Solar/Wind/BESS

Chinese oil refinery plant​

Legal consultations on corporate, contractual, construction, regulatory and land matters, with issuance of legal opinions

European RE company

Direct negotiations and assisting with contracts for IPP under the standard solar package for construction and operation of the 900 MW Solar/BESS

Foreign industrial group

Assisted in the development and update of a memorandum for a large-scale agricultural construction and investment project

Foreign mining company

Advised on the financing of gold mining projects in Central Asia involving cross-border structuring, regulatory analysis and assessment of investment risks in the region

Gulf Region developer

Advising a Gulf Region developer on the unsolicited proposal for the water treatment plant PPP in the Navoi region of Uzbekistan

IFC

150 MW solar plant tender, preparation of Legal Environment Report, tender documents, project agreements, liaising with stakeholders

IFC

Advising on renewable energy regulations, water use, reactive power compensation, applicable taxation regulations for small hydropower stations

Kulanak Hydropower Plant​

Legal support with financing and construction on the Naryn River

Metito

Prequalified bidder / winning bidder on compliance with the tender requirements, transactional structure on Namangan Water Plant PPP

MoE of Kyrgyz Republic​

Legal support in implementation of floating PV plant project at Toktogul water reservoir

MoF | Kyrgyz Fund

Legal support for hydroelectric power plant project financing, including corporate decisions, security, and regulatory interaction

Mubadala

Advising a private investor on privatization and operation of existing 3,5 GW CCGT power station in Syrdarya

Phanes Group

Advised a foreign sponsor on direct negotiations for IPP to operate under the Pilot Wind Energy PPA, IA, Land Agreement for 200 MW Solar PV

Russian energy company​

350 MW hydropower project, subsidiary establishment, shareholders’ agreements, regulatory consultations

State-owned gold mining company​

Advising during restructuring of largest national gold mining project, negotiations, review of agreements and drafting new transaction documents

Total Eren

Advised a foreign sponsor on direct negotiations for IPP to operate under the Pilot Wind Energy PPA, IA, Land Agreement for 100 MW Solar PV

Universal Energy

Advised on EPC project for the construction of two wind power generation plants with a total capacity of 500 MW

Veolia

Advising on the PPPA for the Tashkent City District Heating System USP, due diligence, district heating and gas sector regulations

Tax

Tax practice delivers focused advice on complex tax matters across Central Asia, supporting clients in structuring operations and transactions. We prepare and review calculations across a full spectrum of tax obligations, including corporate income tax (CIT), value-added tax (VAT), withholding tax (WHT), payroll-related taxes, as well as subsoil-use taxes and other mandatory payments.

We provide in-depth analysis of cross-border transactions and international structures, identifying exposure areas and developing practical strategies to mitigate tax risks. Our advice on international taxation reflects both local regulatory frameworks and globally recognised approaches, ensuring alignment with best practices while maintaining operational efficiency.

Recent Projects

South Korean manufacturer

Drafting exploration agreement, tax, licensing matters, negotiating with Government regarding two investment blocks - approx. USD 40 mln.

Big 4

(CIS) B.V. branch in the Republic of Azerbaijan - updating the Tax implifications for Foreign Banks in Kyrgyzstan

FMCG company

Advised leading multinational FMCG companies (including JTI, BAT, Mars, Coca-Cola and others) on regulatory, trade, corporate and tax matters

IFC

Legal opinions on project financing in energy - small hydro, reactive power compensation, taxation, water use, corporate regulation

IFC​

Consulting on regulation of energy in KG, memorandum on project financing, regulation of small hydropower, reactive power compensation, water use

International financial institution

Advised on renewable energy regulation, including water use, reactive power compensation, tariff regulation and tax matters

PETRONAS

Advising on corporate, tax, currency and enforcement for Baysun and Surkhanskiy investment blocks under PSA with total investments of > USD 1.5 billion

Industries

AI and TechnologyChemicalsConstructionEnergyFinanceFMCG and RetailInfrastructureAI and TechnologyChemicalsConstructionEnergyFinanceFMCG and RetailInfrastructure
ManufacturingMetals and MiningOil and GasSubsoilTelecomTransportationUtilitiesManufacturingMetals and MiningOil and GasSubsoilTelecomTransportationUtilities