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Tajikistan

The Legal 500 Hall of Fame highlights individuals who have received constant praise by their clients for continued excellence. The Hall of Fame highlights, to clients, the law firm partners who are at the pinnacle of the profession. In Europe, Middle East and Africa, the criteria for entry is to have been recognised by The Legal 500 as one of the elite leading lawyers for seven consecutive years. These partners are highlighted below and throughout the editorial.

Chapters Name Firm Section Work Area Firm ID Lawyer ID Office URL Lawyer URL

Tajikistan > Law firm and leading lawyer rankings

Editorial

Index of tables

  1. Legal market overview
  2. Leading individuals
  3. Next generation lawyers

Leading individuals

  1. 1
    • Firdavs Mirzoev - Nazrisho & Mirzoev, LLC
    • Kamoliddin Mukhamedov - GRATA International
    • Ravshan Niyazmukhamedov - Legal Consulting Group

Next generation lawyers

  1. 1
    • Alisher Khoshimov - Centil Law

The Tajik government recently pledged to double the country’s GDP, expand the middle class and diminish poverty to 20% of the population by 2020. However, Tajikistan remains one of the poorest former Soviet nations, especially in terms of non-monetary wealth, and continues to suffer from a severe economic crisis. Remittances, which have fallen by a third in the past year, partly due to the economic difficulties in Russia, account for 14% of the country’s GDP. Furthermore, factors including poor infrastructure, an inadequately developed private sector, weak rule of law and burdensome tax policies are hurdles when it comes to attracting foreign investment.

Legal work is distributed among a number of local and regional firms, including Centil Law and Grata International, which have offices in Dushanbe and tend to act as local counsel alongside the international heavyweights. The market is divided into firms that target domestic matters and those servicing international clients; most handle tax disputes, regulatory work and day-to-day advice for clients. There is currently a noticeable absence of corporate and M&A work in the market.

The ranking is based on quality and scope of work – all firms in the jurisdiction lean towards a generalist practice.

Akhmedov, Azizov & Abdulhamidov, Attorneys is one of the oldest and most prominent firms in the Tajik legal market. The team’s expertise in debt recovery and litigation, among other areas, makes it a popular choice as local counsel for international clients and law firms. Shavkat Akhmedov, Farhad Azizov and Bakhtiyor Abdulhamidov are the name partners.

The ‘responsive and user-friendly’ team at Centil Law has notable strength handling M&A, banking, project finance and tax matters. The Dushanbe office is staffed by associates and supervised by partners spread across Central Asia. Bishkek-based partner Kerim Begaliev advised leading Turkish clothing manufacturer and retailer LC Waikiki on its entry into the Tajik market. The highly regarded Alisher Khoshimov advised on a convertible loan transaction for WWB Asset Management, and acted in a major tax dispute between the Tajik government and a leading Russian drilling company. Notable new clients include Sanofi and Japan Tobacco International Kazakhstan.

Legal Consulting Group is active in the energy, natural resources and real estate sectors, and handles finance, corporate and M&A matters. The firm advised longstanding client Gazprom on drafting an investment agreement with the Tajik government and advised Chinese corporation TBEA on matters totalling $3m. Other notable clients include the German embassy, which the firm advises on citizenship and immigration issues, and Andritz Hydro, an international supplier of electromechanical systems for hydropower plants. LC Waikiki is a new client. Timur Abdulaev and Marina Shamilova are the key contacts.

Grata International handles matters ‘according to the highest international standards, using advanced practices’, and is known for its expertise in the banking and finance sector. Kamoliddin Mukhamedov has ‘a high level of professionalism, produces high-quality work in a timely manner and meets all client requirements’. He and banking and finance practice head Nurlan Kyshtobaev assisted Coca-Cola Tajikistan with securing a loan of €44.7m. The firm also handles cross-border matters such as acting for China Development Bank during a sale and lease-back transaction and advising Amdocs USA on labour issues.

Nazrisho & Mirzoev, LLC acts exclusively for international clients, including the British and US embassies. Rustam Nazrisho, Firdavs Mirzoev and Sherzod Sodatkadamov are the key contacts; the latter two advised the EBRD on amending a loan agreement with OJSC Khujand International Airport and assisted The Agricultural Bank of China with a cross-border Renminbi account financing agreement. In another work highlight, the firm advised the German Agency for International Cooperation on the introduction of new mining legislation in Tajikistan. For some, ‘there are not many firms in the country that offer a similar level of service in terms of professionalism, timeliness and effectiveness’.

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