Kazakhstan: Project Finance/PPP & PFI

Project finance transactions involving Kazakhstan insurance organisations present unique challenges when foreign lenders seek to create comprehensive security packages. This article examines the Reinsurance Assignment Deed (RAD), an instrument widely used in international practice but novel in the Kazakhstan market, analyzing its structure under English law and the critical Kazakhstan law considerations that arise despite the choice of foreign governing law.

Project finance in the strict sense of the term has not yet developed and is not tested so far in Kazakhstan.