Established in 1992, BM Morrison Partners became the first private law firm in Azerbaijan following its independence. The firm has full-service offices in Baku, Republic of Azerbaijan and a presence in UAE.
The firm is active across all major practice areas and industry groups. The team has an extensive energy project practice and is highly experienced in banking and finance work.
Highlights
The firm advised a global commercial bank on structuring a financing for state-owned natural resources entity. In another deal a team advised a global energy and commodities trader on a cross-border prepayment transaction with a domestic mining company.
Key clients
Samsung Electronicsm Caucasus Company, Star Mining and ACWA Power.
Caspian Legal Center is a Baku-based full-service law and tax consultancy firm. The firm is active across the financial and corporate space and project development within the oil and gas and financial services regulations.
The firm has a has a broad sectoral coverage and frequently represents Azerbaijani business entities overseas, including in Turkey, Russia and Georgia.
Highlights
The firm advised Turkish fashion retailer DeFacto on its expansion project in Azerbaijan and advised an Asia-headquarted manufacturing company in relation to a cross-border financing arrangement with its Azberbaijani distributor.
Key clients
British American Tobacco, Four Seasons Hotels and Resorts, HCL Technologies, MAN Energy Solutions Schweiz and Getz Pharma International.
Dentons is aninternational law firm with a wide global reach – featuring 190 offices in 77 countries. In Azerbaijan, the firm fields legal teams in its Baku office.
Focusses / specialisms
The firm is a market leader in several financial and corporate areas in Azerbaijan, having acted on some of the most important matters in the country since its independence.
It has a strong banking team which has pioneered Islamic finance and debt restructuring in Azerbaijan. The team is also very strong in project finance work.
The firm is recognised in the capital markets space, where it has notably worked on the first Eurobond issue in the country.
In M&A and corporate work, the firm often works on the most impactful transactions on the market and has a wide sectoral cover.
The firm’s project development team is well recognisedfor supporting significant undertakings in construction, infrastructure and energy.
Key clients
Key clients of the firm include Petronas, HeidelbergCement and European Fund for Southeast Europe.
Client feedback: 32nd edition (2022/2023)
Banking
“Professional services, very efficient.”
Project development
“The Dentons team was very good in terms of negotiations considering the multi-jurisdiction of this turnkey project involving colleagues from different countries, managing timely development of the technical appendices together with the network specialists.”
Established in 1992 and headquartered in Zurich, GRATA International is an international law firm focusing on the former Soviet Union and Eastern Europe. The firm’s office in Azerbaijan was established in 2003.
Focusses / specialisms
The firm is active and provides a wide range of services across the full spectrum of financial and corporate and project work in Azerbaijan.The firm is also active in the project space. Sectors of focus include telecommunications, mining, oil and gas, infrastructure, transport and manufacturing.
Key clients
Key clients of the firm include Servier, Pfizer, CaspianSat, CNIM Azerbaijan, Berry Appleman & Leiden, Fragomen, and Uber.
The multinational professional services firm KPMG has been present in Azerbaijan since 1998. It has operated a full-service office in Baku since 2011. The firm’s Azerbaijan presence now has more than 130 employees of which 20 professionals have long-term experience of legal services in different industry sectors of Azerbaijan, Russia, Turkey, Georgia, Kazakhstan and other countries.
The firm is visible across several areas within the financial and corporate space including banking, M&A, financial services regulatory and restructuring.
Highlights
The firm was appointed as legal adviser to COP 29 Azerbaijan Operating Company in December 2024, among other things advising on the Host Country Agreement and handling a range of corporate and commercial matters relating to the company's establishment and commercial agreements.
The firm also advised Philip Morris International on its establishment in Azerbaijan and continued to act as the company's dat to day counsel for any operational legal matters in the country.
Key clients
COP 29 Azerbaijan Operating Company, Philip Morris International, LPP (Poland), United Enterprises and Novo Nordisk.
Established in 1995, MGB Law Offices is an independent full-practice business law firm based in Baku, Azerbaijan.
Focusses / specialisms
The firm is well known for its work in the financial and corporate and project development practices.
The firm is active in providing legal advice on corporate and business transactions in Azerbaijan, including M&A, joint ventures, real estate investments and cross-border finance. Sectors of focus include aviation, telecommunications, technology, healthcare, retail, transport and logistics.
Key clients
Key clients of the firm include EBRD, IFC, NOV, Stork, BP, Exxon, Wolt, Chevron, and Canon.
Omni Law Firm is a leading Azerbaijani law firm founded in 2002.
Focusses / specialisms
The firm has a market leading offering in several financial and commercial areas.
In banking it often acts as a local counsel to prominent local corporates and global banks in relation to various financing matters.
The capital markets team is extremely active and handles the highest volume of work of any law firm in the country.
The firm has a strong corporate practice, often featuring on a share of the country’s complex deals, with restructuring being an area of growth in recent years.
The project development practice is equally strong to its financial and corporate offering, thanks to its capacity to provide comprehensive legal support to some of the largest projects in Azerbaijan.
Key clients
Key clients include SOCAR (State Oil Company of the Azerbaijan Republic), Ministry of Energy of the Republic of Azerbaijan, MOL - Hungarian Oil and Gas, Saudi Aramco, JP Morgan, Raiffeisen Bank International, Sberbank, Gazprombank, EBRD, IFC, Black See Trade and Development Bank, Marriott, AZAL (“Azerbaijan Airlines”) and Azercosmos.
Client feedback: 32nd edition (2022/2023)
Banking and finance
“Effective and pragmatic, to-the-point advice, delivered promptly with excellent understanding of underlying business.”
M&A
“Very well connected, fair and balanced. Legally very proficient as well.”
Turan Legal and Tax Services is a law firm based in Baku, Azerbaijan and was founded in 2018. The firm is specialised in the corporate sector and actively advises on cross-border transactions, investments, capital markets and joint-venture deals. Sectors of focus include education, life sciences and pharmaceuticals, retail, technology and construction.
Highlights
In September 2024, the firm advised Push30 on a funding round which shortly followed behind a bridge financing. The investment financing from an Azerbaijani venture capital fund required complex regulatory structuring, while the deal itself involved subsidiaries in multiple jurisdictions
The firm was also involved in VC funding work for clients including the Sabah Hub Innovation Center, which established a regional venture fund registered in Luxembourg. The deal marked the first regional venture fund to set up to invest in Azerbaijani start ups.
Key clients
NORM, Sabah Hub Innovation Center, Push30, Tabaterra and Landau School Education Complex.