Practice area

IFLR1000 Reviews


Solicitors governing body: The Qualification Commission of the Chamber of Advocates

Competition authority: State Commission for the Protection of Economic Competition

Financial regulator: Central Bank of Armenia

IFLR1000 ranking categories in this jurisdiction:

Financial and corporate

Jurisdiction overview

Armenia’s legal system follows the European civil law model. Lawyers, who work on contracts and transactional work, must hold at least undergraduate degrees in law. Meanwhile, aspiring advocates, prosecutors and judges receive additional specialised training. To qualify to handle civil cases, an advocate must also gain a license by becoming a member of the Chamber of Advocates, which requires a minimum of five years’ work in the legal field and passing a bar exam.

With the exception of legal teams from professional services groups, international firms do not have a presence in Armenia and carry out their work through the co-operation of domestic lawyers. Firms such as Arlex International and International Legal Consulting (ILC) were among the first to use US qualified attorneys to provide services for foreign corporate investors in the late 1990s. Other firms including Concern Dialog Law Firm, K&P Law Firm and Legelata developed their corporate practices in the mid-2000s as local work increased. Recently, newer local firms are increasingly being seen on large transactions with Adwise Business & Legal Consulting and Investment Law Group two examples.

Armenian lawyers often provide a full range of financial and corporate advice rather than specialising. On the transactional side, domestic banking and M&A work are the most common forms of financial and corporate work for the country’s leading firms. Company incorporation matters, country-specific due diligence and regulatory advice also tend to be common tasks for local firms. Work within the energy, mining and technology sectors is on the rise in the jurisdiction.

Financial and corporate
Adwise Business & Legal Consulting

Adwise Business & Legal Consulting has a strong financial and corporate offering. In the banking area the firm is often involved in lending work and secures mandates for international financial institutions lending to local businesses. It has experience in digital finance and fintech work, including assisting with the implementation of e-banking systems.  

During the research period the firm added partner Hayk Malkhasyan to its team after he quit his role as the Head of Legal at the Prime Minister’s office. 

Recent Deal Data highlights

  • Ballet 2021 acquisition of Gyumri land plot

Client feedback

"Excellent work. Diligent and creative approach to tasks." – Banking

AM Law Firm

AM Law Firm has a good reputation locally for its corporate offering. The firm’s recent mandates were not transactional but it was involved in bank merger which closed in 2017.

Client feedback

"A company that is characterised by highly educated, attentive employees, who perform work efficiently and in a timely manner." – Banking


Ameria is best known for banking and M&A work. Sitting within a group that also includes Ameriabank, the firm has close ties with one of the country’s leading financial institutions. 

During the research period the firm was particularly active in the natural resources sector, and worked on buy-side M&A mandates involving gold and copper assets. The firm notably also represented a US investor on acquiring Armenian energy assets, where it additionally provided advice on a bridge financing. 

Recent Deal Data highlights 

  • Centerra Gold acquisition of 80% stake in Georaid 
  • GeoProMining $300 million 7.75% bond issue
  • Spayka Group $21.5 million financing
Concern Dialog Law Firm

The team at Concern Dialog Law Firm is involved in a broad range of transactional work but its strength is M&A.  

The firm regularly works on a mix of acquisitions, joint venture agreements, mergers and financial investments for Armenian clients. The firm has also been involved in notable insolvency work.  

A key staffing in the research period saw former First Deputy Minister of Justice, Artur Hovhannisyan join the team as counsel. Meanwhile senior associate Suren Grigoryan departed after being elected to parliament. 

Recent Deal Data highlights 

  • Ashtarak Kat ֏900 million bankruptcy
  • Eco Fresh $1 million acquisition of commercial greenhouse
  • William Saroyan House Museum expansion

Client feedback

"Highly professional." – Banking

"The firm formulates an effective strategy for each case that is assigned to them. It keeps confidentiality and gained our trust to go from short-term assignments to a long-term partnership." – Banking

EY Armenia

EY Armenia is mostly active on corporate transactions and has experience on deals in the banking, mining and infrastructure sectors, where it recently acted for clients including the state and international mining companies.

Recent Deal Data highlights 

  • Chaarat Gold Holdings $40 million acquisition financing
  • ID Bank acquisition of Idram
  • Xilinx acquisition of premises

International Legal Consulting (ILC) is one of the leading firms in the country for corporate deals and often advises foreign clients with interests in Armenia. With an associated office in San Francisco and a US-qualified partner, the firm is a popular choice for US clients. The firm has a number of clients in the technology and telecommunications sectors.

K&P Law Firm

K&P Law Firm is best known for its strong banking practice, and it often acts for lenders. The firm is experienced in work in sectors including financial services, mining and real estate.  

The firm regularly works for financial institutions providing funding to commercial banks in Armenia.  

In the projects area the firm recently worked on a proposed investment in wind energy, advising on foreign direct investment and regulation.

Recent Deal Data highlights 

  • Gazprom Armenia financing 
  • GeoProMining Gold financing
  • Teghout financing 

Client feedback

"My assessment is all positive: good lawyers, always available, flexible." – Banking

"The firm continues to provide an excellent, calm, informed, and professional service." – Banking

"A positive rating. Highly professional law firm. We are quite satisfied with the service." – Project development

Kostandyan & Partners

Kostandyan & Partners is an active firm working on financial and corporate issues. The firm has offices in Armenia and Cyprus, where it offers advice on matters including M&A and project development. 

During the research period the firm notably assisted an American client on the purchase of an apartment in Yerevan. 


Legelata’s strength is in banking and finance and it is renowned in the market for its work on syndicated finance transactions.  

In M&A the firm generally works for international clients as buyers or sellers.  

The firm is also active within the projects space and it notably recently participated in a tender for a national energy network project.  

Recent Deal Data highlights 

  • agRIF Cooperatief acquisition of 10% stake in Inecobank 
Rod Kurtman Legal

Rod Kurtman Legal is an active firm in the financial and corporate area in Armenia. The firm primarily works on M&A and project matters and has a particular focus on financial investments into the infrastructure sector. 

The firm is best known for its work within the project development area, where it has notably assisted on the construction of roads. A recent highlight saw the firm act for developers on the improvement of the M1 Talin to Gyumri Road, which is a project funded by the Asian Development Bank and the European Investment Bank.

Recent Deal Data highlights 

  • M1 Talin to Gyumri Road 
TK & Partners

TK & Partners is active across the financial and corporate space, and it is experience in lending work. 

The firm’s regular work includes a mix of mergers, advising real estate investment funds, and working for international financial institutions on lending to local banks.  

The firm is active within the projects space, notably appearing for developers in PPP mandates. 

During the research period the firm merged with Gyozalyan & Partners and took on Gevorg Gyozalyan as a new partner.

Client feedback

"Really enjoyed working with this company for several reasons: they know the local legislation very well, quick in responses, and they always revert back with detailed responses as much as possible." – Banking

"The firm does well." – Banking