Firm / Organisation

Ekvita LLC

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Managing Partner: Ilgar Mehti
Partners: Mushfig Aliyev, Fuad Gashamov, Sharaf Asgarova
Number of employees: 40+
Languages: Azerbaijani, English, Italian, Russian, Turkish

Firm Overview:
Based in the capital of Azerbaijan, Baku, EKVITA provides full range of legal, finance and management consulting services in Azerbaijan. Historically, the firm’s presence has been strong in the oil and gas sector, representing corporate clients (oilfield service companies) from the US and UK. The firm also has unique expertise in the banking and finance sector, focusing primarily on Islamic finance. Clients include several Fortune 500 companies operating globally: Italy, Germany, Korea, Japan, Eastern Europe, Middle East, Turkey, CIS and other regions. The firm is also engaged in government projects, international projects sponsored by donor organizations such as World Bank, EU, ADB, IsDB and USAID. Its clients represent diverse market sectors. Its team of more than 40 staff members, mostly educated in US and Europe, have established themselves as reliable and skilled professionals with a proven track record. With the in-house tax practice, the firm can provide complete in-house legal and tax support which ensures a one-stop-shop solution. The first firm in CIS region to get the ISO 37001 certification — the brand-new Standard on Anti-Bribery Management Systems.

Main Areas of Practice:

Fully Outsourced Legal & Tax Support:
3 partners, 8 fee earners
■ Providing full outsourced legal and tax support to foreign companies engaged in oil and gas and marine operations in the Caspian Sea since 2009
■ Providing full outsource legal support to a local ski resort project of $3 billion
Key Clients: BP (UK), EQUINOR (Norway), Petronas (Malaysia), MHWirth (Norway), Expro (UK), Toyota (Japan)

Oil & Gas:
2 partners, 7 fee earners
■ Providing exclusive legal services; Defence of Rights to Land Granted to (SCPX) project of BP
■ Providing legal services in Azerbaijan and Kazakhstan: Handling Grievance Procedure of EQUINOR
■ Real Estate and Contractual Litigation of Baker Hughes
■ Advising a UK engineering company on legal aspects of activities in Azerbaijan
■ Providing legal support to a major Malaysian oil and gas company
Key Clients: BP (UK), EQUINOR (Norway), MHWirth (Norway), Petronas (Malaysia), Expro (UK), Baker Hughes (USA), MHWirth (Norway), Petronas (Malaysia), Swire (UK)

Employment & Migration:
2 partners, 4 fee earners
■ Major international recruiting agencies for the development of migration compliance strategy of BP
■ Staff redundancy of BP Working on Employment/ HR Policies compiling recommendations to improve the Azerbaijan Migration Code
■ Advised a major Malaysian oil company on re-establishment of employment practices
■ Consulted a UK chemical services company on re-establishment of employment practices (over 130 employees) for regulatory compliance
■ Advised foreign companies on migration restructuring of operations in Azerbaijan
Key Clients: BP (UK), Petronas (Malaysia), Fircroft (UK), Neocos (UK), Intertek (UK), ABB (UK), Sulzer (UK), Inpex (Japan)

Banking & Finance (incl. Islamic Finance):
2 partners, 3 fee earners
■ Retained by the largest bank in the region – International Bank of Azerbaijan – to act as foreign legal counsel in US and UK courts on restructuring 3.3 billion USD debts
■ Acted as a legal counsel (jointly with Herbert Smith Freehills) for an investor against the Bank Standard (Azerbaijan) in international commercial dispute in London
■ Providing legal opinions on enforceability of Islamic banking and trade financing in Azerbaijan
■ Represented a UK based company in a loan and real estate related dispute (amount in dispute is approximately AZN 130 million)
Key Clients: IFC, Islamic Development Bank, Islamic Corporation for Development, Caspian International Investment Company, International Bank of Azerbaijan, Ansar Leasing, local banks, Swissquote (Switzerland)

2 partners, 8 fee earners
■ Represented a major American insurance company on merger and acquisition project
■ Advised a foreign construction company engaged in Eurovision 2012 project on corporate structuring in Azerbaijan
■ Advised a major retail trading company on corporate restructuring and compliance
Key Clients: AIG (USA), Toyota (Japan), Retail Group (S. Arabia), Prekons (Turkey), Avanteq (UK), CAME (Italy)

Tax & Regulatory Compliance:
1 partner, 5 fee earners
■ Advised international marine operations company on tax planning and corporate structuring
■ Advised a major Korean construction company on tax planning and supported on tax reporting
■ Advised a major Japanese company on import-export trade regime Key Clients: MHWirth (Norway), TOPAZ (UK/ US), Halla (Korea), Mitsubishi (Japan), Obermeyer (Germany)

3 partners, 4 fee earners
■ Advising the Azerbaijan government on developing the country’s new legal framework, including legislative drafting and institutional set-up, for the establishment of Special Economic Zones (industrial parks, sites)
■ Advising the Azerbaijan government on legal approximation towards EU acquis including legislative drafting and institutional set-up in the area of solid waste management
■ Advising on establishment of the Asset Management System in the Azerbaijan Railways Closed Joint-Stock Company
■ Support and Strengthening Capacity of The WTO Department of The Ministry of Economy of the Republic of Azerbaijan
■ The Development of Legal Framework for Islamic Finance in the Republic of Azerbaijan
■ Providing full outsource tax and legal sup- port on $150 million telecommunications to the biggest Korean IT company since 2008
Key Clients: Public authorities 


Managing Partner: Ilgar Mehti
Tel: +99 450 333 0110

Partner: Mushfig Aliyev
Tel: +994 50 229 69 22
Email: [email protected]

Partner: Fuad Gashamov
Tel: +994 55 488 10 22
Email: [email protected]

Partner: Sharaf Asgarova
Tel: +994 50 434 63 29
Email: [email protected]


Total 2 contributions

Employment 2020 Law and Practice in Azerbaijan

Ilgar Mehti, Fuad Gashamov, Sharaf Asgarova, Huseyn Aliyev

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International Arbitration 2020 Law and Practice in Azerbaijan

Ilgar Mehti, Fuad Gashamov, Sharaf Asgarova, Emil Bashirov

Read now