OREANDA-NEWS. On 09 July 2009 BTA Bank JSC (“BTA”) announced that Lovells LLP has been appointed to advice the bank on asset recovery.

Lovells LLP is one of the largest international business legal practices, with over three thousand people operating from 27 offices in Europe, Asia and the United States. The firm advises many of the world's largest corporations, financial institutions and government organizations. Lovells LLP regularly act on complex, multilateral transactions and commercial disputes. 

BTA will continue to work with UBS on debt restructuring program, while White & Case will continue to be the legal advisor for BTA. Part of BTA bank advisory team includes M. Favale-Tarter, LLC and John Howell & Co, independent advisers, advising Samruk-Kazyna and the government on the financial architecture and strategy with regard to BTA. 

BTA expects to reveal the terms of the restructuring plan by mid-July of 2009.