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sfeerbeeld

Capital Markets and Securities Laws

We advise Kyrgyz and foreign issuers, as well as investment banks, in relation to the Kyrgyz securities law aspects of capital markets related transactions, whether flotations on the stock exchange, secondary offerings and placings, convertible debentures and bonus shares, going-private and squeeze-out transactions as well as with transparency and corporate governance issues.

Flotations on the Stock Exchange

We can represent companies as well as consortia-leading banks on the preparatory work and conduct of a flotation on the stock exchange. This includes advising on the most appropriate structure for the issue, the right choice of exchange, drafting the prospectus and performing the due diligence and drafting work on all the legal documentation.

Secondary Offerings and Placings

Whenever public companies listed on the stock exchange seek to raise capital or large blocks of shares are offered by way of placing, we are in the position to advise the company, the shareholder placing the shares or the banks which are involved in the transaction. This includes public offers which are subject to prospectus requirements, increases in real capital, private placings and the trading on the stock exchange of shares which have not been publicly offered.

Convertible Debentures and Bonus Shares

Debentures and bonus shares are gaining in popularity with both investors and companies because of their advantages. We can advise on the formulation of the terms of debenture and bonus shares, the process of shareholders’ approval, the drafting of the prospectus and, finally, the issue itself – with or without subsequent listing on the stock exchange.

Going Private and Squeeze out

The rationale for listing on the stock exchange often falls away once majority shareholdings are publicly acquired. In such cases, the costs, transparency obligations or the need for a wholescale group re-organisation can be a good reason for going private – a planned withdrawal from the stock market. We develop solutions which fit the purpose including in squeeze-out situations.