Across renewables, infrastructure, banking and finance, telecommunications, agriculture and real estate, Kosta Legal has a strong firm of practitioners noted by clients for providing ‘responsive and internationally benchmarked advice’. The firm’s specialisms include corporate and M&A, dispute resolution, PPP and energy projects, and real estate and construction. Key contacts from the firm include Azizbek Akhmadjonov, the firm’s managing partner and a real estate and construction expert; Maxim Dogonkin, supporting the firm’s wider corporate capabilities; Vazgen Grigoryan, who specialises in disputes; Nail Hassanov, leading the PPP and infrastructure practice; and Shukhrat Yunusov, leading on banking and finance matters.
Legal 500 Editorial commentary
Testimonials
Collated independently by Legal 500 research team.
- ‘Nail Hassanov, Azizbek Akhmadjonov and Shukhrat Yunusov demonstrate strong PPP expertise, project finance capability and precise, commercially grounded execution.’
- ‘A knowledgeable, responsive and commercially focused team offering partner-led service and flexibility, consistently adding value on Uzbek law matters.’
- ‘Azizbek Akhmadjonov provides technically strong, strategic guidance. Ekaterina Baranovskaya communicates clearly, manages complexity efficiently and delivers commercially attuned advice.’
- ‘Vazgen Grigoryan stands out for strategic thinking and commercial awareness. Ekaterina Baranovskaya offers responsive, detail-driven support that ensures smooth execution.’
- ‘The firm focuses on quality, speed and breadth across corporate, finance, PPP, disputes and real estate matters.’
- ‘Azizbek Akhmadjonov and Nail Hassanov excel in complex problem-solving. Iroda Tokhirova offers meticulous, fast and reliable support with minimal supervision.’
Key clients
- AMEA Power
- Asian Development Bank
- E20 Investment Limited
- Électricité de France
- European Bank for Reconstruction and Development
- International Finance Corporation
- Masdar
- National Bank for Foreign Economic Activity of the Republic of Uzbekistan (NBU)
- Uzbek Industrial and Construction Bank JSCB
- Voltalia
Work highlights
Advised the Government of Uzbekistan, in coordination with the EBRD and key state bodies, on drafting a landmark regulation governing the reservation of land for public needs, aimed at improving land allocation for infrastructure, PPP, and investment projects.
Advised the National Bank for Foreign Economic Activity of the Republic of Uzbekistan on the successful dual-tranche placement of $418m in Eurobonds on the international capital markets.
Advised the International Finance Corporation on a PPP project for the design, construction, financing, operation, and maintenance of up to 15 energy-efficient greenfield schools in Uzbekistan’s Samarkand and Andijan regions.
Lawyers
Leading partners
The strongest partners in their field, leading on market-leading deals and endorsed by peers and clients alike.
Next Generation Partners
Junior partners with significant recognition from clients and peers in the market and key roles on multiple matters.
Practice head
Azizbek Akhmadjonov; Maxim Dogonkin; Vazgen Grigoryan; Nail Hassanov; Shukhrat Yunusov
Other key lawyers
Iroda Tokhirova; Ekaterina Baranovskaya