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Kosta Legal > Tashkent, Uzbekistan > Firm Profile

Kosta Legal Offices

Kosta Legal
40a Mustaqillik str.
Tashkent, 100000
Uzbekistan
Email firm Visit website 998 71 209 02 40 998 71 209 02 41
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Kosta Legal > The Legal 500 Rankings

Uzbekistan > Leading firms Tier 1

Kosta Legal has particular fields of expertise in foreign investments, project finance, corporate law, M&A, competition law, litigation, ADR, real estate and construction. Its corporate practice covers a wide range of corporate matters that a company may face throughout its lifespan in Uzbekistan, starting from incorporation matters and ending with matters of liquidation or bankruptcy. The team is led by partners Nail Hassanov , Azizbek Akhmadjonov and Vazgen Grigoryan.

Leading individuals

Vazgen Grigoryan - Kosta Legal

Next Generation Partners

Maxim Dogonkin - Kosta Legal

Practice head(s):

Azizbek Akhmadjonov; Nail Hassanov; Vazgen Grigoryan

Testimonials

‘Most of all, I would like to choose the ‘flexibility’ of Kosta Legal. I consider the flexibility comes from their specilalities in Uzbekistan. In this regard, I think I could rely on Kosta Legal fully.’

‘Kosta Legal provides us with regular legal assistance with all matters related to our investment in Uzbekistan, including managing our shares in  enterprises and dealing  with the other shareholder, and state regulatory bodies. Lawyers of Kosta Legal and . Vazgen Grigoryan in particular have been our legal advisors in Uzbekistan for many years. Working with them has always been very satisfactory experience. Lawyers of Kosta Legal are committed to their clients, try to be as responsive and accurate as possible, have good understanding of problems in our industry, are always aware of most recent changes in law and practice, dedicate much time and effort to each raised matter. We have occasionally worked with other law firms, but have not been quite pleased with the quality of their services.’

‘Vazgen Grigoryan is a strong professional, having much experience in corporate law, dispute resolution, foreign investment matters, negotiations with state bodies. Vazgen has been advising us for many years, has strong practical understanding of our problems and business needs, is very diligent and responsive.

Maxim Dogonkin advises us on matters of competition law, sector-specific regulation, privatization and M&A matters, matters of state bodies’ undue intervention in the activities of  enterprises. His has deep knowledge in the relevant spheres of law, is very considerate and thorough. Other lawyers of the firm are also strong and diligent professionals.’

‘The team has significant experience of advising on energy projects in Uzbekistan, as well as broader public-private-partnerships procured by the government. The law in this area is new and Kosta Legal has a mixture of mandates for sponsors and government that give them useful insight into the thought processes on both sides of transactions. Key individuals are involved in legislative consultations which means they get under the strict letter of the law.’

‘Nail Hassanov is extremely experienced on PPP/investment projects and we have worked with him extensively in the energy sector. His advice is clear and he is very responsive. It’s a pleasure to have him on your side in an environment that is ever changing.’

Key clients

Abu Dhabi Future Energy Company PJSC – Masdar, a wholly owned subsidiary of Mubadala Investment Company PJSC (Masdar) (UAE)

Asian Development Bank (ADB)

Eximbank of Russia

GEOX (Italy)

International Finance Corporation (IFC)

Maxam Corp. International SL (Spain)

Rusatom Healthcare (Russia)

Silk Road Fund (China)

Unitel LLC (trademark: Beeline Uzbekistan, a subsidiary of Russia’s VEON)

Yandex LLC (Russia)

Work highlights

  • Providing the Asian Development Bank and the Uzbek Government with advice and assistance in drafting and negotiating amendments to the Law on PPP No. 537-ZRU of 10 May 2019 and the Resolution of the Cabinet of Ministers on the Order for Implementing PPP Projects No. 259 of 26 April 2020 for facilitating the implementation of PPP projects, including presenting and defending the proposed amendments in various committees of the Parliament of the Republic of Uzbekistan.
  • Assisting Sberbank of Russia in selling 84.2% of shares of Akhangarancement JSC, which were pledged to Sberbank, as a part of the global arrangement on settling debts of Russia’s holding company Eurocement Group.   This has been the largest deal at the National Stock Exchanges Tashkent in recent years.
  • Providing comprehensive assistance to Masdar in conducting legal due diligence and preparing tender bids for projects for the designing, financing, construction, operation, and maintenance of solar power stations in the Samarkand, Surkhandarya and Jizzakh regions of Uzbekistan at 1.791 US cents/kWh, a new record low solar tariff for Central Asia.

Kosta Legal > Firm Profile

The firm: Having established the firm in 2015, partners of Kosta Legal have been working in the legal market of Central Asia for over 15 years and have been long recognised as leading experts in their fields of practice by international legal directories. Lawyers of Kosta Legal have extensive experience of assisting foreign companies, multinational corporations, international and regional financial and development institutions, including those operating in the oil and gas, energy and chemical industries.

The firm continues its extensive growth and development. In 2017, Kosta Legal merged with Grigoryan and Partners, a law firm of some of Uzbekistan’s most highly regarded litigators and corporate law practitioners with more than 20 years’ experience. This merger has significantly strengthened Kosta Legal’s commercial litigation and corporate practices.

Kosta Legal is likewise determined to expand geographically with more offices being opened across Central Asia in 2018-2019.

Areas of practice: Kosta Legal is a results-oriented law firm offering a wide range of legal services to both new entrants and well-established businesses in Uzbekistan with particular expertise to offer legal advice and services to foreign investors.

Services of Kosta Legal may include examining complex multi-party loan agreements for their compliance with Uzbek legislation or hiring/firing personnel; representing a client in negotiations for an investment agreement with Uzbek authorities or assisting in obtaining relevant licences to undertake necessary business activities; litigating in court on behalf of a client over a multi million-dollar dispute or assisting in obtaining visas for staff.

Headquartered in Tashkent, Uzbekistan, Kosta Legal works with multi national and Fortune 500 companies, financial institutions (including regional development banks), the governments of different states, and small and medium-sized businesses, along with start-ups.

Main Contacts

DepartmentNameEmailTelephone
Banking and finance
Competition and antitrust
Compliance and regulatory
Corporate and M&A
Cross-border trade and customs
Dispute resolution, arbitration, ADR
Energy and natural resources
Labour and employment
Pharmaceuticals and healthcare
Project finance and infrastructure development
Real estate and construction
Retail and consumer goods
Telecommunications, media and technology

Staff Figures

Number of lawyers : 9

Languages

English
Russian
Uzbek
German
Japanese

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