Armenia

Armenian law firm Legelata was established in 2010 with an office in Yerevan. The firm has a team of prominent Armenian lawyers led by managing partner Gor Margaryan, a highly regarded legal practitioner in Armenia. The firm’s strengths are in banking and finance, M&A and restructuring and insolvency, where it is renowned in the market for its work on cross-border transactions.

Highlights 

In 2024-2025 the firm, led by Gor Margaryan, advised a regional development bank on a large financing to a group of agricultural businesses. The firm was also mandated by a Central and Eastern European bank to advise on its day-to-day financing transactions in the market, supporting the bank on financial regulatory matters.

Elsewhere, the firm worked alongside a Baltic law firm to advise a credit organisation in relation to share transfer during a liquidation proceeding and supported a Polish law firm advising a client through a restructuring process.  

Key clients 

Highlight clients of 2024-2025 included the Bank of Georgia, Eurasian Development Bank, Unicredit Bank OJSC, Law office Skrastins & Dzenis and Polskie Linie Lotnicze LOT

Testimonials

“Client-oriented, experienced team with tailor-made solutions and approach” – Financial and corporate

“We especially value Legelata’s practical and solution-oriented approach. Their deep understanding of the local legal landscape allows them to address a wide range of issues efficiently.” – Financial and corporate

“Their ability to communicate effectively with local banks and regulators has significantly streamlined the implementation process and removed many potential bottlenecks.” – Financial and corporate

“What stands out is Gor’s communication with the client to navigate the needs and meet the ends that are in the client’s best interest” – Gor Margaryan, managing partner – Financial and corporate

“Alexander is excellent in communication and problem-solving. He combines strong legal knowledge with a practical approach, quickly understanding complex issues and offering workable solutions” – Alexander Egibyan (senior associate) – Financial and corporate

“Alexander’s clear communication with regulators, banks, and other stakeholders helps move projects forward smoothly and efficiently.” – Alexander Egibyan, senior associate – Financial and corporate

“Alexander is very capable” – Alexander Egibyan, senior associate – Financial and corporate

Pogossians Law Group is an Armenian corporate law firm established in 2017. The firm has its offices in Yerevan. The firm advises both local and international clients on diverse legal matters, specialising in banking and finance, restructuring and insolvency and financial services regulatory.

Highlights

During 2024-2025 the firm, led by Grevorg Poghosyan, worked on several projects for the Central Depository of Armenia. Most significantly, the project included advice on securities registration settlement rules impacting its relationship with Clearstream, in the wake of updates to the Armenian Law on joint stock companies, and on admitting one of Georgia's largest banks onto the Central Depository's system.

The firm has helped its client Green Invest Non-Public Contractual investment Fund on securing investments worth $18 million over the course of a year and, in a first for Armenia, enabling the administration its shares by the Central Depository of Armenia.

Key clients 

Over 2024-2025 the firm undertook work for the Central Depository of Armenia, Green Invest Non Public Contractual Investment Fund, A&M Rare LLC, Landmark Capital and Haekshin Construction

Testimonials 

2025

“Professionalism, fast work, high level knowledge and practice” – Financial and corporate

“What stands out about Zaven Vartumyan is his experience in specialised legal practices” – Financial and corporate

2024

“Pogossians Law Group impresses us with their high level of responsiveness, even when faced with tight deadlines. Their deep knowledge of securities market regulations in Armenia is unparalleled. Additionally, the fact that they have been providing us with legal services for over five years is extremely valuable” – Financial services regulatory

“Their long-term engagement means they are well-acquainted with our internal practices and regulations, allowing for seamless and efficient support” – Financial services regulatory

“Quick and dedicated services, they are private with the government regulations, they can see the different approach and give you the alternatives” – Financial services regulatory

“They excel in their deep understanding of the securities and capital markets law and regulations” – Financial services regulatory

“Their responsiveness and ability to work within tight deadlines ensure that all our legal needs are met promptly and efficiently, even under pressure. This combination of expertise, tailored experience, and operational agility makes their service invaluable to us” – Financial services regulatory

"Pogossians Law Firm's combination of expertise, professionalism, and a client-focused approach makes them an outstanding partner in navigating complex legal matters. We are grateful for their exceptional service and support" – Insolvency

"Pogossians stands out as the premier professionals for investment funds in Armenia. Their in-depth knowledge of both the legislation and the market is unparalleled, providing us with a significant advantage in navigating the complexities of our operations” – Investment funds

“Their responsiveness is exceptional; they consistently deliver high-quality services even within short deadlines and accommodate late notices from our side without compromising on quality” – Investment funds

“She is up to date with the law status in the country, listens well, work to deadline” – Narina Babayan, partner

“Narine Babayan is a highly professional lawyer who exemplifies expertise and dedication in her field. Her deep knowledge of the law, combined with her meticulous attention to detail, ensures that every aspect of a case is handled with the utmost care and precision. Narine's ability to communicate complex legal concepts clearly and effectively is remarkable, making her an invaluable asset to her clients. Her professionalism, coupled with a proactive and strategic approach, consistently leads to successful outcomes. Narine's unwavering commitment to excellence sets her apart as a standout lawyer in her practice.” - Narina Babayan, Firm Partner

“Zaven Vartumyan has been providing all our services, and we have never had any complaints regarding his work. He excels in preparing investment structures for highly complex arrangements that involve multiple parties and numerous moving parts. His deep knowledge of the relevant legislation is unmatched, making him exceptionally adept at navigating the legal intricacies of our operations. Zaven's expertise and attention to detail have been critical in ensuring the success and compliance of our investment strategies.” – Zaven Vartumyan, senior associate

“Zaven Vartumyan excels in managing all the services provided to us, consistently delivering high-quality results. He possesses profound knowledge of the securities market, capital markets law, and industry sectors, which significantly benefits our operations. With four years of direct experience working with the Central Depository, he has developed a deep understanding of how we operate, allowing him to tailor his services effectively. Additionally, Zaven is highly responsive and possesses excellent command of both English and Russian, skills that are indispensable when interacting with our international clients and ensuring clear, effective communication across different stakeholders.” – Zaven Vartumyan, Senior associate

“Legal consultancy for the depository services department, court representation in all of our litigations and assistance with drafting the depository rules etc.” – Zaven Vartumyan, senior associate

Founded in 2015, ADWISE Consulting is a full-service law firm with an office in the capital Yerevan and ample experience across a range of corporate finance transactions. During 2024 - 2025 the firm supported clients on debt mandates, including new financings, refinancings and financial restructurings. The firm has also been advising clients on M&A and project development agreements, and due diligence.

Key clients in 2025 included United Gold, Amber Capital EU-Armenia, EBRD, Eurasian Development Bank and Air Arabia.

Established in 1998, Concern Dialog Law Firm is one of the leading full-service Armenian law firms. The firm is particularly active in acquisitions and project development deals with specific focus on the real estate sector in Armenia. The firm also provides regulatory advice to clients in the technology and telecommunications space.

ELL Partnership was founded in 2011. The firm advises on a broad range of corporate, commercial, IP, tax and litigation matters. On the corporate side the firm is active supporting on foreign investments into Armenia.

Highlights

During 2025, the firm advised Kaskad Energo on multi-million dollar agreements for a construction project and investment management entity Candence Holding on its re-domiciliation to Armenia from the Bahamas.

Key clients

Video Solution, EcoVille Holding and Nairi Insurance

Founded in 2022, GM Legal Law Firm joined the rankings in 2025. The firm is based in Yerevan and handles corporate law and commercial projects, disputes, IP, and telecoms/media regulatory matters. The firm was founded by banking, insolvency and property lawyers Gohar Meloyan and Hayk Sargsyan and is led by managing partner Vahagn Grigoryan. The team has been especially involved in insolvency proceedings.

Highlights

The firm, led by Vahagn Grigoryan, was supporting Sargis Carolina, one of Armenia’s largest food producers and alcohol importers, through a complex insolvency case involving $8 million of debt. The project spanned Armenian, Finnish, and Estonian legal regimes and involved an in-court process to reject certain claims against it as well as a financial restructuring.

In related, work the firm also worked with Finnish counsel to advise Saimaa Beverages, which is an affiliate of Sargis Carolina, in its cross-border insolvency proceedings. The team was also working on insolvency-related matters for Qaryak Media and Express Credit. 

Key clients

Express Credit UCO, Sargis Carolina LLC, Saimaa Beverages Oy and Qaqyak Media

GRATA International operates in Armenia through Rod Kurtman Legal, which was established in Yerevan in 2013. The firm is led by managing partner Khoren Nasibyan. GRATA International has a network of offices across 26 jurisdictions, including a large network across Central and Eastern Europe. The firm operates across the corporate finance practice and advises on regulatory matters related to transactions in certain highly regulated industries.

Highlights

The firm advised a global telecoms and technology company in establishing its operations in Armenia, which included drafting agreements with local entities and securing regulatory approvals.

A team advised client Karine Arustamyan on a $1.5 million acquisition of a 7% stake in a healthcare company from another shareholder. The deal navigated challenges around regulatory compliance as well transactional complexities in relation to the existing large shareholder base.

Elsewhere, the firm advised a global payments company on its establishment and regulatory compliance process for a new AI-driven payments system in Armenia.

Key clients

Sinohydro Corporation, AZAD Pharmaceuticals and Ready-Steady LLC

KPMG Law Armenia operates across the corporate finance spectrum. The firm has a record of handling various corporate and M&A matters and has notable experience in the technology and telecoms space.

Over 2024-2025, firm advised Microchip Armenia, a branch of the publicly listed American corporation Microchip Inc, on various company changes and contractual matters for its operations in Armenia. The firm also advised a French media technology company on its acquisition of an Armenian target, which included drafting the share purchase agreement (SPA), helping to secure antitrust regulatory approval, and supporting on post-merger integration. 

Key clients

Microchip Armenia CJSC and BM Bidco