Kosta Legal > Tashkent, Uzbekistan > Firm Profile

Kosta Legal
40a Mustaqillik str.
Tashkent, 100000
Uzbekistan

Uzbekistan > Leading firms Tier 1

Engaged by several multinational clients, the full-service practice at Kosta Legal advises on various corporate matters, including restructuring and M&A deals. The team frequently acts for global investment and commercial banks, financial institutions, foreign corporations and local companies; recent work spans construction, telecommunications, energy, transportation, banking and finance. The group also has notable strength in assisting with competition law, bankruptcy, insolvency law, real estate and handling dispute resolution. The team is jointly led by the managing partner Azizbek Akhmadjonov, who focuses on real estate transactions, including acquisitions and disposal, disputes expert Vazgen Grigoryan and projects and banking and finance group lead Nail Hassanov. Maxim Dogonkin and Jakhongir Olimjonov are the other key members of the team.

Practice head(s):

Azizbek Akhmadjonov; Nail Hassanov; Vazgen Grigoryan

Other key lawyers:

Testimonials

‘The team of Kosta Legal engaged in issues as such is well trained by practice that warrants merit. Corporate law and litigation service lines are well embedded into the client’s needs.’

‘Skills like openness, thorough review and listening, professional care, result orientation, vision of details and possible excesses in cases/issues/matters always accompany team members when providing services by lawyers/associates/assistants/employees. Some of them are Vazgen Grigoryan and Nail Hassanov, with whom I work closely on projects.’

‘Attention to detail, flexibility to accommodate client requirements and timely submission of deliverables.’

‘My main interaction is with Nail Hassanov. I have found him to be a stand-out practitioner. He has a strong understanding of the local Uzbek regulations, and his common law legal training makes him an ideal legal advisor to PPP and project financing transactions.’

‘Team has deep knowledge about local law and recent practices.’

‘Team members have good business acumen.’

‘The firm is very competent in their practice, has a developed and strong dispute resolution practice that makes their advice more precise, relevant, and practical; is very commercially oriented; constantly looks for new ways to improve their services and expand their practice. The firm tries to follow the best international standards for providing legal services. They also use new and project management solutions that facilitate our cooperation.’

‘They are very experienced, professional, and commercially oriented. In contrast to other top firms, the firm’s lawyers provide services in dispute resolution, land and real estate, competition and consumer protection, which are of utmost significance for our business. Vazgen Grigoryan has been our trusted advisor for many years and is a strong dispute resolution professional. Maxim Dogonkin is a strong and professional competition law expert, in many ways unique to Uzbekistan.’

Key clients

Abu Dhabi Future Energy Company PJSC – Masdar

Asian Development Bank

Électricité de France

Indorama Agro

International Finance Corporation

Linde

Maxam Corp. International SL

MUFG Bank

Philip Morris International

Voltalia (France)

Work highlights

  • Advised a consortium of EDF International, Nebras Power, Sojitz Corporation, and Kyuden International Corporation on developing and attracting financing for a state-supported project of a modern 1580 MW natural gas-fired combined cycle power plant.
  • Advised ADB on a project to design, build, finance, operate and maintain the wastewater treatment plant in the Namangan region of Uzbekistan.
  • Assisted Indorama Agro FE LLC (Uzbekistan), with a dispute related to obtaining a compensation for damages caused by a breakthrough of a dam of the Sardoba reservoir in the Syrdarya region.

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.

Department Name Email Telephone
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
Number of lawyers : 9
English
Russian
Uzbek
German
Japanese