‘It is an absolute pleasure to work with Muborak and Salim.’

Legal 500, 2022
Biography
Experience*
Overview

Salimjon Yusupov is a Managing Associate at KY & Partners. Salimjon has experience working in legal consultancy with an international law firm, in academia, and in private businesses.

Salimjon advises on a wide range of matters, including general corporate, banking & finance, and capital markets. Salimjon’s practice specialises in complex corporate and regulatory work, with a particular focus on M&A, public placements and loans, and renewables, both domestic and cross-border. He acts for a broad range of clients, including banks, arrangers, international financial institutions, sponsors and corporates.

Salimjon also serves as the National Administrator of the Philip C. Jessup International Law Moot Court Competition for Kazakhstan, Kyrgyzstan, and Uzbekistan.

Education

2018 – 2019: University College London, London, UK, LL.M. in International Finance and Banking Law (with merit)

2010 – 2016: Westminster International University, Tashkent, Uzbekistan, BA in Commercial Law

Languages

English, German, Russian, Uzbek

Banking and Finance

PUBLIC FINANCIAL INSTITUTION on a number of sovereign and commercial loans aimed at the implementation of state programs in various sectors of the economy

INTERNATIONAL INVESTMENT BANK on a number of transactions in relation to financing projects of Uzbek banks and corporates

INTERNATIONAL CORPORATE AND INVESTMENT BANK on export credit framework facilities to Uzbek banks with the intention of subsequently entering into individual Export Credit Facility Agreements, covered by various export credit agencies

GLOBAL AVIATION COMPANY on issues related to the lease of aircraft to local airlines

MULTINATIONAL COMMODITY TRADING COMPANY in connection with pre-export financing of JSC “Almalyk Mining-Metallurgical Complex”

CHINESE MAJOR STATE-OWNED COMMERCIAL BANK on the provision of a loan to FE “Qarshi Conch Cement” LLC for the purpose of expansion and modernisation of a clinker and cement-producing plant

Capital Markets

CITIGROUP GLOBAL MARKETS LIMITED, GPB-FINANCIAL SERVICES LTD, and J.P. MORGAN SECURITIES PLC, as the arrangers and permanent dealers, on the debut sovereign bond offering by the Republic of Uzbekistan

CITIGROUP GLOBAL MARKETS LIMITED and J.P. MORGAN SECURITIES PLC, as the Joint Global Coordinators and Joint Bookrunners on the debut corporate international bonds issued by JSCB “Uzbek Industrial and Construction Bank”, the first international bond issued among commercial banks in Uzbekistan

CITIGROUP GLOBAL MARKETS, MUFG SECURITIES EMEA plc, NATIXIS, RAIFFEISEN BANK INTERNATIONAL and Managers on debut Reg S / Rule 144a Eurobond offering by JSC “UzAuto Motors”, the first international bond issued among corporate issuers in Uzbekistan

CITIGROUP GLOBAL MARKETS, GPB INTERNATIONAL S.A. (Gazprombank), NATIXIS and SMBC Nikko Capital Markets Limited on the debut Reg S / Rule 144a Eurobond offering by JSC “National Bank of Uzbekistan”, Uzbekistan’s largest bank by assets

CITIGROUP GLOBAL MARKETS, GAZPROMBANK and MUFG SECURITIES EMEA Plc as the Managers on a Reg S / Rule 144a bond offering by JSC “Uzbekneftegaz”, a state-owned holding company of Uzbekistan’s oil and gas industry

Corporate and Regulatory

JSC “EURASIAN BANK”, the ninth largest lender in Kazakhstan headquartered in Almaty, on opening a subsidiary bank in Uzbekistan

MORROW SODALI GLOBAL LLC and NESTOR ADVISORS LTD, leading providers of strategic advice and shareholder services to the Government of Uzbekistan and various corporate clients on the state privatisation reform and improvement of corporate governance

TOTAL SYSTEM SERVICES, INC, in connection with regulatory requirements for cross-border processing of payments

A CONFIDENTIAL COMPANY (SPONSOR) on the development of a wind farm project (100MW) via a PPP structure, including on power purchase and government support agreements, and other documents and matters arising under Uzbek law

Acted as a counsel for numerous clients, providing advice on legal structures, licenses, permits, approvals and other requirements for doing business in Uzbekistan

IP and Technology

INTERNATIONAL HOTEL MANAGEMENT COMPANY on Uzbek law issues related to entering into a hotel management agreement

A MULTINATIONAL TECHNOLOGY CONGLOMERATE on regulatory requirements for issuing virtual currency and processing electronic payments

INTERNATIONAL PRODUCTION AND FOOD CHAIN COMPANIES on Uzbek law issues related to entering into franchise agreements, trademark licensing and sublicensing agreements, and technical services agreements

Mergers and Acquisitions

OTP BANK PLC, Hungary’s largest commercial bank and one of the largest independent financial service providers in Central and Eastern Europe, on privatization of the state-owned JSCMB “Ipoteka-Bank”

CONFIDENTIAL CLIENT on the acquisition of oil and gas assets in Uzbekistan, including a complex due diligence review and advising on Uzbek law matters related to the transaction’s structuring and relevant security instruments

INVESTMENT COMPANY in connection with the acquisition of stock in a mobile and fintech company in Uzbekistan, including conducting substantial due diligence and drafting project documentation

Project Finance

PROPARCO, EUROPEAN BANK FOR RECONSTRUCTION AND DEVELOPMENT and EUROPEAN INVESTMENT BANK on the provision of a loan to Tutly Solar, a subsidiary of Total Eren, to develop, construct and operate the 100 MW capacity photovoltaic (PV) plant in Samarkand province

EUROPEAN BANK FOR RECONSTRUCTION AND DEVELOPMENT AND INTERNATIONAL FINANCE CORPORATIONon a loan facility to JSC “Indorama Kokand Fertilizers and Chemicals” and FE “Indorama Agro” LLC. JSC “Kokand Superphosphate Plant” is one of the oldest fertilizer facilities in Uzbekistan & CIS, established in 1935 and acquired by Indorama in June 2019 through a public disinvestment and privatization process. FE “Indorama Agro” LLC is one of the largest cotton farms in Uzbekistan, covering more than 50,000 hectares of land for growing cotton, wheat and other crops

 

* Experience before joining KY & Partners

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