Omni Law Firm

Azerbaijan

Reviews

Practice area

IFLR1000 Reviews

Financial and corporate

Omni Law Firm is one of the leading firms in the market and this year acted on a raft of impressive deals. The firm is best known for capital markets work, a rarity in the jurisdiction. 

Within the financial and corporate space, a clear highlight for the team was working on the capital increases of AccessBank and VTB Azerbaijan, despite the challenging economic circumstances in the country. 

The firm assisted several international financial institutions on the financial restructuring of Demirbank, including the provision of advice on debt-to-equity conversion and bankruptcy related matters

In M&A, the firm worked on the acquisition of a majority stake in Azercell, the largest mobile operator in the jurisdiction.

The firm remained active in the oil and gas space, notably acting for the South Gas Corridor and the Ministry of Finance in a number of debt-raising transactions, including on the financing of the Azerbaijani share of the Shah Deniz gas field.

A significant staffing change during the research period was the departure of partner Elchin Mammadov, who left to go into private practice before joining PwC Legal.

In addition to the above, the firm has recently advised entities including local corporates such as the State Oil Company of Azerbaijan Republic (SOCAR) and Azerbaijan Airlines, as well as global banks including Raiffeisen and Sberbank.