Leading firms

Kosta Legal

Kosta Legal is reputed for the depth of its expertise in PPPs, handling an abundant range of projects for government bodies across the sectors of healthcare, education and energy. The group is also particularly strong on the litigation front, boasting a specialist team to assist foreign companies in their commercial disputes. Azizbek Akhmadjonov manages the team as well as heading the real estate and construction practice group. Nail Hassanov is highly knowledgeable in banking and finance, infrastructure and project work, advising on issues of secured finance and foreign investment. Vazgen Grigoryan heads up the dispute resolution team, with experience in representing clients in international arbitrations. Maxim Dogonkin is another strong partner who leads the corporate, competition and M&A practice. Jakhongir Olimjonov is a key associate, aiding the team on various complex matters. In January 2025, Shukhrat Yunusov joined the team from Dentons.

Legal 500 Editorial commentary

Testimonials

Collated independently by Legal 500 research team.

‘An excellent team of professional lawyers with extensive experience in resolving complex economic disputes.’
‘Vazgen Grigoryan, in our opinion, is the most experienced and skilled lawyer in Uzbekistan.'
‘Our major contacts at Kosta Legal are Nail Hassanov and Maxim Dogonkin. These two are outstanding professionals who, due to their profound knowledge and expertise, make the life of our clients much easier while working in the Central Asian markets.’
‘The corporate law practice, with banking as well as a strong litigation team is unique in its nature. Diversified approach in all specialist services including compliance-related issues and matters.’
‘Open-minded approach, readiness to help or able to divert to a specialist immediately, good networking with high calibre professionals. Accepting issues with offering remedial actions in a timely manner.'
‘In our opinion, Kosta Legal deservedly ranks among the top positions in international ratings every year, reaffirming its solid level of professionalism. The entire team of lawyers has extensive experience and can provide legal assistance at the highest level on a wide range of complex issues.’
'Kosta Legal's team is one of the unique ones in Uzbekistan. I have worked with them on several PPP projects since 2021, and they provide a very professional and justified legal basis to any case.'
'What I like about Nail Hassanov and Azizbek Akhmadjonov is they always show the realistic, rational and professional legal solutions in projects, rather than simply promising results.'

Key clients

Abu Dhabi Future Energy Company PJSC – Masdar
Asian Development Bank
Électricité de France
European Bank for Reconstruction and Development
International Finance Corporation
Hungarian Export-Import Bank
Philip Morris International
Sojitz Corp
Unitel LLC
Voltalia

Work highlights

Advised the European Bank for Reconstruction and Development on developing a PPP project for the design, building, finance, operation and maintenance of up to 17 student dormitories with a capacity of up to 18,000 student beds in Tashkent.
Advised Masdar on the development, construction, operation, and transfer of a 250MW solar plant, including a 63 MW/126 MWh battery storage system, a 220kV substation and relevant overhead transmission lines in the Bukhara region of Uzbekistan.
Advised Uzbektelecom JSC on attracting a $200m syndicated unsecured loan from a pool of international banks.