Bakhyt Tukulov

• Commercial and corporate disputes
• Disputes before the AIFC Court and International Arbitration Centre (IAC)
• International arbitration
• Expert opinions on Kazakh law
• Disputes with state authorities
• Recognition and enforcement of foreign judgments

• LL.M., Georgetown University

Bakhyt regularly acts as an expert on Kazakh law in foreign courts and international arbitration proceedings. His expert opinions are relied upon in major cross-border disputes, including proceedings in London, Singapore and Hong Kong.

• Kazakh
• Russian
• English

AIFC Court and International Arbitration

• Represented a Kazakh shareholder in the largest corporate dispute in the history of the AIFC Court, arising out of the violation of rights in the acquisition of an oil asset valued at USD 330 million
• Secured interim measures in Kazakhstan in support of SIAC arbitration, including the attachment of assets of a foreign company
• Represented a client in AIFC arbitration in a dispute concerning shareholding rights in a company valued at over USD 70 million
• Represented a foreign company in AIFC arbitration in a dispute over recovery of debt under a contract involving a state-owned entity
• Represented an Indian company in IAC arbitration in a dispute arising out of a supply agreement
• Represented an AIFC-licensed consultant in a dispute concerning recovery of agency fees

Enforcement and Interim Measures

• Represented foreign companies in a series of proceedings on recognition and enforcement of foreign judgments in Kazakhstan with a total value exceeding KZT 2 billion
• Represented a Hong Kong company before Kazakh courts in obtaining interim measures in support of foreign arbitration

Major Commercial Disputes

• Represented a foreign client in a dispute concerning property damage exceeding USD 2 billion
• Represented a Chinese multinational EPC contractor in a dispute exceeding USD 300 million in connection with the reconstruction of an oil refinery
• Advised the largest Kazakh oil and gas construction company in more than 20 disputes involving EPC contracts, bank guarantees and recovery claims amounting to tens of billions of tenge

Corporate and Financial Disputes

• Represented a Kazakh metallurgical company in a series of disputes involving fraud, recovery of damages and challenges to transactions
• Advised a major oil and gas company on a dispute concerning the validity of corporate guarantees valued at USD 80 million
• Represented one of Kazakhstan’s leading financial institutions before the AIFC Court in a USD 5 million penalty claim

Disputes with State Authorities and Regulators

• Represented a client in a dispute challenging a decision of the Ministry of Energy of the Republic of Kazakhstan, including conducting multiple related proceedings
• Represented a client in a precedent-setting case involving a third-party challenge to an administrative act