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The firm: MGB Law Office (previously known as part of Ledingham Chalmers/McGrigors) is a leading full-service commercial law firm and one of the first ‘pioneers’ of the Azerbaijani legal market. Over a period of 23 years, MGB’s lawyers have developed extensive legal expertise and excellent level of skills in almost all fields of Azerbaijani commercial/business law. Specifically, MGB’s team has accumulated good practical experience based on an in-depth understanding of the Azerbaijani legal system, local business environment and the expectations of investors.

Being an independent law firm, MGB has achieved this as a result of the personal commitment and dedication of its highly experienced and qualified personnel.

The firm’s activity in Azerbaijan is known to a wide cross-section of the government and business community, making the firm an integral part of the business scene in the Caspian region. The main focus of the firm is to provide comprehensive legal support for foreign investors.

Areas of practice: Banking and finance: acting as Azerbaijani counsel to a consortium of banks and financial institutions including Societe Generale’s multibillion project financing of SOCAR and TURCAS’ construction of a major regional refinery in Turkey (Project Star); providing comprehensive legal support to the foreign creditor of International Bank of Azerbaijan in the issues of insolvency and bankruptcy of local bank including analysis of the default strategy for the borrower bank, restructuring procedures under Azerbaijani banking law; advising a major credit export agency on sovereign guarantee issues in connection with financing of Azerbaijani Satellite Program; acting for EBRD on the debt restructuring of multi-million loans granted to one of the leading banks in Azerbaijan (Bank Respublika) including conversion of the respective outstanding amounts under both of these USD loans into synthetic loans in local currency.

Oil and gas: advising the major service contractor to BP on the issues of structuring its business in Azerbaijan, including licensing and other regulatory requirements for the Shahdaniz gas field project in Azerbaijan.

Corporate/M&A: advising Emerson Electric Co on antimonopoly law requirements and obtaining antimonopoly approval in respect of their global merger; advising Stork on joint venture agreement issues in respect of formation of a major joint venture company to provide engineering services in oil and gas sector of Azerbaijan, including serving needs of BP. MGB’s services have included development of shareholders agreements, advising on wide range of issues pertaining to local laws, including tax and corporate structuring, and assisting the client in negotiation of its contracts with its local partner.

Aviation: acting for the major regional cargo air fleet operator under the bridge finance related to acquisition of Boeing model 747-8F Aircraft by the operator. MGB’s legal support included reviewing and negotiating a complex aircraft financing documentation on behalf of the operator.

Contract and regulatory compliance: advising airbus on the complex issues of sale (lease) and joint co-operation over the operation of satellites with the national satellite operator.

Litigation and arbitration: representing interests of Systra on contractual dispute against local operator of underground transportation system/preparing and successfully negotiating comprehensive settlement agreement on behalf of the client.

Advising and representation of Halla (leading Korean construction company) in its multi-million dispute against state-owned water company under construction-related dispute/negotiating settlement agreement in the best interests of Halla. The team managed to settle the disputes amicably on conditions that significantly met the client’s demands: representing Strabag in a major construction-related ICC dispute against the owner of a luxury five-star hotel in Azerbaijan; representing IFC’s interests in the issues of enforcement of security granted to IFC by a major local developer under a multimillion facility arrangement.

Key clients include Chevron, EBRD, Halla, Systra, Ezion, IFC, Silk Way, Stork and DHL.

  • Contact
  • Ismail Askerov (
  • Number of lawyers: 10
  • Languages
  • English
  • French
  • Russian
  • Turkish
  • Azerbaijani

Above material supplied by MGB Law Offices.

Legal Developments by:
MGB Law Offices

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