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TeamSenior Legal Associate

Sara Aghamaliyeva

saghamaliyeva@vlm-az.comLinkedIn
Legal 500Chambers and PartnersIFLR1000ITR World TaxAmCham AzerbaijanBCCAAFChamberIsrael–Azerbaijan ChamberAIENShenzhen Court of International ArbitrationGlobal Law ExpertsLeadvisor
Legal 500Chambers and PartnersIFLR1000ITR World TaxAmCham AzerbaijanBCCAAFChamberIsrael–Azerbaijan ChamberAIENShenzhen Court of International ArbitrationGlobal Law ExpertsLeadvisor

Background

Senior Legal Associate

Sara Aghamaliyeva is a Senior Legal Associate at VLM and Partners with significant experience advising domestic and international clients in key sectors such as renewable energy, pharmaceuticals, M&A, intellectual property, and cross-border transactions. She brings a strategic and pragmatic approach to legal matters, with a focus on complex regulatory frameworks, multi-jurisdictional deal structuring, and the negotiation of high-value commercial agreements.

Sara has been instrumental in the development of renewable energy projects in Azerbaijan, advising foreign and local investors on large-scale solar and wind energy projects in the Garabagh and Gobustan territories. Her role includes drafting and negotiating Power Purchase Agreements (PPAs), EPC contracts, Transmission Connection Agreements (TCAs), and O&M contracts, as well as navigating licensing and land acquisition procedures.

She plays a key legal advisory role in Azerbaijan’s first pharmaceutical manufacturing project, where she reviews sector-specific agreements such as Licensing Agreements, Technology Transfer Agreements, and Packaging Agreements, ensuring compliance with industry standards and evolving regulatory requirements.

Sara has a robust track record in mergers and acquisitions, including advising on regulatory filings, competition clearance, and merger control approvals. Notably, she contributed to securing one of the first merger control approvals under Azerbaijan’s new Competition Code for a major international transaction.

Her expertise extends to legal due diligence and risk assessment in sectors such as energy, insurance, and oil and gas. She provides in-depth analysis of Production Sharing Agreements (PSAs), corporate structures, and compliance issues, identifying key legal risks in domestic and cross-border transactions.

Sara collaborates regularly with leading international law firms from the UK, Belgium, Turkey, Kazakhstan, Russia, and Romania, offering local legal insight on matters relating to pharmaceuticals, mergers, intellectual property, licensing, and regulatory compliance.

Before joining VLM, Sara spent three years as an in-house lawyer at a large international franchising company. There she handled the franchise agreement and its negotiations, sale, service, supply and lease contracts, labor disputes, state registration of changes to constituent documents, and applications for permits and licenses. She has supported businesses ranging from FMCG companies and insurance brokers to oil and gas players, and has volunteered for international non-governmental and governmental organizations. Alongside her practice, Sara is an adjunct lecturer at Baku State University.

Core Practice Areas

  • Energy, Oil and Gas
  • Health and Pharmaceuticals
  • Alternative Dispute Resolution
  • Mergers and Acquisitions
  • Licensing and Regulatory Compliance
  • Full Legal Outsourcing
  • Contracts
  • Intellectual Property
  • Corporate Law

Languages

  • English
  • Russian
  • French
  • Turkish
  • Azerbaijani

Education

  • Stockholm University - LL.M. in International Commercial Arbitration Law
  • Baku State University - LL.M. in Intellectual Property Law
  • Baku State University - Bachelor of Laws

Key Accomplishments

  • Advises foreign and local investors on large-scale solar and wind energy projects in the Garabagh and Gobustan regions, including the drafting and negotiation of PPAs, EPC contracts, TCAs, and O&M agreement. Provided guidance on investment risk assessment, licensing, land acquisition and other regulatory procedures.
  • Plays a leading legal role in Azerbaijan’s first pharmaceutical manufacturing facility, managing full legal outsourcing and reviewing key agreements such as Licensing Agreements, Technology Transfer Agreements, and Packaging Agreements. Advises on sector-specific regulations to ensure compliance with evolving industry standards.
  • Secured a merger control clearance under Azerbaijan’s new Competition Code for the acquisition of a major international oilfield services company by a leading U.S.-based drilling corporation—one of the first such approvals granted under the revised legal framework.
  • Leads and contributes to comprehensive legal due diligence in the energy, insurance, and oil and gas sectors, with a focus on identifying critical risks in Production Sharing Agreements (PSAs), corporate structures, and compliance frameworks across domestic and cross-border transactions.
  • Led the full legal outsourcing for one of Azerbaijan’s major investment companies, delivering end-to-end legal support including contract drafting, corporate governance, regulatory compliance, and strategic legal advisory services.
  • Prepared detailed legal opinions and memorandums on pharmaceutical sector regulations for foreign law firms based in Turkey and Kazakhstan, contributing to cross-border compliance and transactional planning.
  • Serves as part of an international legal team representing Azerbaijani and Latvian investors in an ICSID arbitration case.
  • Successfully registered multiple well-known international trademarks.
  • Led full legal outsourcing for the Azerbaijani branch of one of the world’s most influential food and beverage companies and for a chain of fast-food restaurants, including contracts with international counterparts, legal research, legal opinions on customs, migration and labor matters, and business license applications.
  • Advised and assisted on migration cases linked to the Netherlands, Malta, Israel and Ukraine, covering residence and work permits and citizenship status.
  • Delivered legal guidance to an international chain of medical centers on creating databases and obtaining the related permits and licenses.
  • Assisted with the registration of the branch of a well-known international oil and gas company, the change of director at a major Azerbaijani professional investment company, and the sale of an ownership share in an international mineral water company’s LLC.

Market firsts

Matters

  • Offshore windFirst offshore wind project in the Caspian SeaRead the case
  • Renewable energyAzerbaijan’s first auction-based renewable energy projectRead the case
  • Oil & gasRare onshore Production Sharing AgreementRead the case
  • CompetitionAmong the first merger filings under Azerbaijan’s new Competition CodeRead the case

Our team

Also at VLM

The whole team
Managing PartnerVugar Mammadov
Senior Legal Associate/AttorneyIsmayil Aliyev
Senior Legal AssociateVusala Babayeva-Nazirli
Senior Legal Associate/AttorneyJamila Majidli
Senior Legal AssociateSujayat Aliyeva

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vlm@vlm-az.com+994 10 256 73 56

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