The Legal 500

PO BOX 19395-3448, TEHRAN

What we say about the firm's legal practice in Iran

Corporate and M&A

Within Corporate and M&A, Tavakoli & Shahabi is a first tier firm,

Tavakoli & Shahabi is lauded by clients as a premier, full-service commercial law firm in Iran, maintaining its reputation among clients for ‘astute analysis’ and the provision of ‘prompt, sensible and commercial’ advice. The firm boasts a diverse, multi-lingual team with experience spanning both common and civil legal systems as well as a client service level comparable with more developed jurisdictions. The combination of long serving, high profile practitioners and younger rising stars such as Cyrus Shafizedeh is highly regarded by clients. The firm’s most recent highlights include performing extensive due diligence on a telecommunications operator in Iran on behalf of international financiers and representing a foreign oil company in relation to a buyback agreement with a state-owned Iranian company. The firm has also advised on fresh acquisitions in the manufacturing, mining, and railway sectors.

Legal market

Within Legal market,

Though dominated by a generalist, sole practitioner model of practice, Iran’s small corporate and commercial legal market offers clients a diverse, if limited choice of service providers. The market is composed of a vanguard of internationally-styled law firms, including market leader Tavakoli & Shahabi, as well as a selection of experienced and capable individual practitioners supported by associate teams. Though clients argue the jurisdiction can sometimes seem opaque, with legal realities often relying heavily on interpretation and deal-making rather than a black and white reading of the law, the market does hold the requisite legal talent to avert these risks.


What we say worldwide

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Iran

Offices in Tehran

Legal Developments worldwide

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to
  • Labour & Employment

    1 What are the main statutes and regulations relating to employment? The main statutes relating to employment are the Portuguese Employment Code (approved by Law 7/2009 of 12 February 2009) and the Regulation of the Employment Code (Law 35/2004 of 29 July 2004) which is still in force notwithstanding the fact that parts have been revoked with the entry into force of the new Employment Code. Within the Employment Code, the vast majority of the rules are mandatory and, therefore, can only be modified by agreement of the parties and only if such amendment is intended to improve the position or rights of the employees.
    - F. Castelo Branco & Associados
  • Real Estate/ Property/ Infrastructure

    Norms for highway projects pact changed
    - Seth Dua & Associates
  • Projects, Energy & Natural Resources

    Power
    - Seth Dua & Associates
  • Litigation and Dispute Resolution

    Case Laws
    - Seth Dua & Associates
  • Intellectual Property Rights

    Amendments in Information Technology Act, 2000 The Information Technology (Amendment) Act, 2008 has come into force from October 27, 2009. Some key amendments in the Information Technology Act, 2000 (“IT Act”) are highlighted below:
    - Seth Dua & Associates
  • Cross Border Investments & Transactions

     
    - Seth Dua & Associates
  • Capital Markets/ Securities

    Amendments in (Substantial Acquisition of Shares and Takeovers) Regulations, 1997
    - Seth Dua & Associates
  • Trade Laws and WTO Matters

    Certain important and recent legal developments in this area are set out below.
    - Seth Dua & Associates
  • Taxation – Direct Taxes

    Income-tax (Dispute Resolution Panel) Rules, 2009
    - Seth Dua & Associates
  • Indirect Taxes

    Goods and Service Tax
    - Seth Dua & Associates