Firm Profile > MGB Law Offices > Baku, Azerbaijan

MGB Law Offices
APT 28-30
1000 BAKU

Leading Firms Tier 1

Acting for international corporations and foreign banks, MGB Law Offices has been active in corporate restructuring, alternative energy projects, franchising deals, EBRD financing and aircraft lease financing, among other areas. Testament to its strength in the aircraft leasing space was the group's assistance to Penerbangan Malaysia Berhad, as local counsel, with the subleasing of two B747 freighter aircraft to SilkwayWest Airlines; managing partner Ismail Askerov led the advice. Anar Janmammadov is a key name for energy and construction matters. Kamal Huseynli provides additional support at associate level.


Well calibrated and experienced team with great flexibility and high value customer service. Excellent litigation/arbitration team.

Ismail Askerov is a highly experienced lawyer with in-depth knowledge of the local market and practice.’

‘Anar Janmammadov  has a dedicated approach and robust understanding of clients’ needs.

They have excellent capabilities, provide a quick turnaround, an are very flexible in negotiating and budgeting assignments at the request of the client.

Ismail Askerov provided excellent services, and was extremely helpful in agreeing to a lower cost for a specific assignment when the client requested it. This showed great customer attention and collaboration, and has been much appreciated, especially when my company was in need of affordable and speedy legal services.

The firm has a great practice with a local expertise and international standards of work. The firm works a lot with foreign clients and knows what is expected from them. The lawyers of the firm are very commercially driven and know exactly what is expected from them regarding local expertise.

Ismail Askerov is a great partner staying involved throughout the project.

Anar Janmammadov is a rising star in local litigation matters.

The team is very responsive, reactive (even on bank holidays). They are able to process a large amount of documentation and information without delay and take the time to understand the situation of the client. They are clear and accurate in their advice.

We have been working with Anar Janmammadov and Ismail Askerov but most of our contacts are with Anar. He showed a very swift reactivity, accurateness in advice and capacity to swiftly get the big picture of a matter (despite a ton of documentation).

Team is professional and big enough to handle several assignments simultaneously. Service is seamless.

Partner Imsail Askerov is really business minded and focused as well as responsive and you can count on him when you need things to be done.

Experienced legal professionals who make themselves available at short notice and provide practical legal guidance.

Very strong negotiation skills, super response times, very high legal quality.

Excellent knowledge and practical approach to legal issues.

Very attentive, oriented to resolve problems and always ready to help.

Key clients

Black Sea Bank



Tecnicas Reunidas


KCA Deutag

Hydratight FZE

Millers Oils










Societe Generale


Sky Lease

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.

Department Name Email Telephone
Banking and finance
Oil and gas
Antitrust and competition
Telecommunications and IP
Litigation and arbitration
Aviation and maritime
Photo Name Position Profile
Mr Ismail Askerov  photo Mr Ismail Askerov
Mr Anar Janmammadov  photo Mr Anar Janmammadov
Mr Kamil Valiyev  photo Mr Kamil Valiyev
Number of lawyers : 10
Contact : Ismail Askerov (