Whether creating a budget for an hourly matter or setting a price for a fixed-fee representation, firms fear setting prices too low or too high.
Ever since regaining its independence from the Soviet Union inAzerbaijan has set a priority to build national economy and national legal framework.
Pursuing this tagline, the economy was liberalized and entire legislation was rewritten to maintain market-based economy and free entrepreneurship. The Azerbaijani government is keen to diversify its economy and has been using finance generated from its oil resources to fund infrastructure projects, with the aim of encouraging growth in more sustainable sectors.
Other important developments include the completion of the Baku-Tbilisi-Kars railway inwhich connects Azerbaijan, Georgia, and Turkey, serving as an important transport link between Europe and Asia. The legal market predominantly consists of generalist practices, with most offices based in Baku.
Delara Israfilova advised a number of international financial institutions on a Eurobond issuance pertaining to the southern gas corridor project, which was backed by a sovereign guarantee. Other highlights include Aykhan Asadov assisting Gazprombank with the development of a greenfield petrochemical plant development and advising Export-Import Bank of United States on its hire and purchase of two Boeing aircraft and a spare engine.
His recent highlights include advising Deutsche Investitions-und Entwicklungsgesellschaft and the European Bank for Reconstruction and Development on the repayment of debts from Unibank, which involved issuing shares to the lenders and extending existing loans.
Kamal Mammadzada, who has a varied practice taking in a number of practice areas, recently assisted Nordic Aviation Capital with the lease of two aircraft to Azerbaijan Airlines. Of counsel Ophelia Abdullayeva is active in corporate, commercial tax and employment matters, and of counsel Ulvia Zeynalova-Bockin is experienced in banking, Islamic finance and real estate.
MGB Law Offices focuses primarily on commercial law. Managing partner Ismail Askerov has expertise in corporate and TMT issues, as well as project and aviation finance. Omni Law Firm has extensive experience in banking and finance, capital markets, corporate, restructuring and project finance.
Roman Alloyarov has expertise in banking and finance, corporate, and capital markets matters. Of counsel Afag Abdullayeva is a key name for banking and finance and capital markets work.
Elchin Mammadov is now with PricewaterhouseCoopers Legal. Baku Law Centre handles banking and finance, corporate, tax, disputes and energy and natural resources matters.
Managing partner Anar Baghirovwho is a key name for energy, commercial and dispute resolution matters; Mehman Sultanovwho is experienced in the construction, insurance and telecoms sectors; Fariz Mammadovwho focuses on banking and finance, real estate and IP matters; and Gulnar Gurbanova whose practice takes in corporate, commercial and tax matters, are the key names.
Tax specialist Nuran Kerimov is also a key figure. Ekvita is best known for its work in the oil and gas sector, but also handles banking, Islamic finance, IP, tax and employment matters. Practice head Ilgar Mehtiwho is a key name for energy, corporate and tax matters, recently handled compliance issues for a Malaysian energy company.
Highlights included advising on the merger of AtaBank and CDB Bank, which involved conducting due diligence on both parties, and handling post-merger employment matters. The firm also assisted Unilever with the prevention of counterfeit products being imported into the region and advised Deutsche Bahn on employment and immigration matters pertaining to the setting up of a local office.
Elshan Rahman joined in from Grata International and handles commercial matters, tax litigation and alternative dispute resolution. Samir Hadjiyev and Emin Kerimov left the firm in June The firm focuses on corporate, advisory and litigation matters. Practice head Sabit Abdullayev has particular expertise in tax and litigation matters.
Aynur Rajabzade focuses primarily on corporate and immigration matters. Capital Legal Services has strong capabilities handling matters concerning energy and natural resources, banking and finance, capital markets and investments.
Managing partner Vugar Mammadov has particular expertise in corporate, commercial and tax matters.
Recent highlights include advising Holiday Inn and Qatar Airways respectively on obtaining licences and permissions to operate in Azerbaijan. Senior associate Elnur Eyvazov has expertise in corporate and commercial matters.
Tax specialist Arzu Hajiyeva is a key figure.Legal Matters Legal Matters. Business Plan-model. Download Now!
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