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The firm

MGB Law Office (previously known as part of Ledingham Chalmers and McGrigors) is a leading full-service commercial law firm and one of the first ‘pioneers’ of the Azerbaijani legal market. Over a period of 20 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); as Azerbaijani counsel for CDB in connection with the secured financing of the development of the major aluminum smelter plant in Azerbaijan; as EBRD local counsel in a secured loan financing to a major retailer of electronic goods in Azerbaijan; for a major international financial institution to secure a multimillion loan to the leading mineral water producer to purchase a new Krones bottling line and expansion of the local borrowers’ distribution system, and refinance of the balance of its debt; for a major international financial institution in respect of a multimillion secured loan to a local LLC to finance the local borrower’s investment programme of US$12m including construction of a new slaughterhouse and the acquisition of land thereof (US$8.5m); and for Societe Generale on the refinancing of the BTC oil pipeline, whereby debt that was provided in the initial financing in 2004 was repaid.

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 AXA on a share transfer agreement in respect of the acquisition of a 100% shareholding in a leading insurance company; advising a major European financial organisation on equity subscription agreements, loan agreements, capital retention and put option agreement, capital purchase agreement and guarantee agreements in respect of a leading food processing plant in Azerbaijan; drafting the share transfer agreement and advising a major oil company regarding the transfer of shares in a PSA operating company; due diligence investigations of a major telecommunication company in Azerbaijan; advising Schlumberger on antimonopoly law requirements as to the major M&A in oil and gas sector.

Aviation: acting for the major regional cargo air fleet operator under the finance lease related to the purchase of two Boeing Model 747-8F aircraft and two Gulfstream Model G650 aircraft backed by US Ex-Im’s guarantee by the regional cargo aircraft 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 Ezion in a dispute over the services provided by a local service provider as to the assembly/engineering of a major rig in Azerbaijan dock; 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, Ezion, IFC, Silk Way, Stork and DHL.

Contact Ismail Askerov (


Number of lawyers 8

Above material supplied by MGB Law Offices.

Legal Developments by:
MGB Law Offices

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