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TeamManaging Partner

Vugar Mammadov

vmammadov@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

Managing Partner

With over twenty years of experience across diverse sectors such as energy, finance, banking, consumer markets, and retail & manufacturing, Vugar Mammadov brings unparalleled insight and expertise to both local and international clients. Vugar began his career in tax and legal practices at PwC Azerbaijan, where he built a solid foundation in law and taxation. He quickly earned recognition at PwC as one of the fastest-promoted professionals within the firm. Recognized for his leadership and vision, he was later invited to establish and lead the Legal Practice at Deloitte Azerbaijan, a tenure that solidified his reputation in the industry. After 12 successful years at Big4 firms, Vugar decided to start his own legal practice.

Since 2022, Vugar has been serving as an arbitrator for the Shenzhen Court of International Arbitration (SCIA), leveraging his extensive knowledge and experience. He provides expert advice on complex business and trade transactions, giant renewable energy projects within the country and overseas, mergers and acquisitions, legal compliance matters, reorganizations and consolidations, and project finance. Vugar's legal, tax, and business acumen are applied to transactional documentation, negotiations, legal due diligence, and the financial aspects of clients' deals.

Vugar’s expertise has earned international recognition. He has served as a legal expert in various foreign courts and arbitrations in Switzerland and the UK, as well as before the UK’s National Crime Agency (NCA). His advisory roles extend to global energy projects, including contributions to initiatives in the Pacific Islands region under the Asian Development Bank umbrella.

His extensive involvement in public-private partnerships (PPP) encompasses the full spectrum of activities, from negotiating terms with governments to handling operational and compliance matters. Vugar is also a trusted advisor on investment protection and private international law, reflecting the breadth of his legal acumen.

Core Practice Areas

  • International Corporate Structuring
  • Mergers and Acquisitions (M&A)
  • Corporate and Regulatory Investigations
  • Tax Law
  • Project Finance
  • Investment Protection
  • Capital Markets
  • Public-Private Partnerships (PPP)
  • Energy and Renewables Law
  • Law Drafting
  • Dispute Resolution

Languages

  • English
  • Russian
  • Turkish
  • Azerbaijani

Education

  • Erasmus University Rotterdam - LL.M, International Business and Trade Law
  • Qafqaz University - Bachelor of Laws

Key Accomplishments

  • Successfully represented a foreign company in a landmark case before ICSID.
  • Facilitated a groundbreaking renewable energy PPP for a leading foreign corporation in Azerbaijan.
  • Conducted in-depth due diligence on renewable energy legislation in an overseas jurisdiction, providing legal and strategic recommendations to enhance its framework.
  • Provided comprehensive legal support to an international oilfield drilling company, enabling a strategic partnership with a state-owned entity and launching a drilling project in the Caspian Sea.
  • Crafted tax and customs protocols for Production Sharing Agreements (PSA) on behalf of a major oil and gas company in Azerbaijan.
  • Advised prominent French and Italian banks on financing arrangements for a heavyweight industry player in Azerbaijan.
  • Conducted meticulous legal due diligence on a leading oil and gas company based in Azerbaijan.
  • Successfully assisted a remarkable international airline company in cancelling a substantial tax penalty.
  • Provided invaluable legal support to a globally recognized logistics company, focusing on key corporate matters.
  • Provided strategic counsel to a foreign oil and gas giant regarding intricate corporate structuring issues.
  • Guided an Azerbaijani production company through complex M&A procedures.
  • Advised a world-renowned technology giant on matters related to investment protection.
  • Provided expert legal insights to one of the world's largest insurance companies concerning insurance regulations in Azerbaijan.
  • Supported the transition of parties involved in a Production Sharing Agreement.
  • Assisted a diverse array of international investors in their ventures to invest in Azerbaijani companies.

Market firsts

Matters

  • FintechFirst PSD2-style payment institution licence in AzerbaijanRead the case
  • Offshore windFirst offshore wind project in the Caspian SeaRead the case
  • MaritimeFirst Azerbaijani-flag registration of a non-self-propelled drilling unitRead 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
Senior Legal Associate/AttorneyIsmayil Aliyev
Senior Legal AssociateVusala Babayeva-Nazirli
Senior Legal AssociateSara Aghamaliyeva
Senior Legal Associate/AttorneyJamila Majidli
Senior Legal AssociateSujayat Aliyeva

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Marine Plaza, 3rd floor, Uzeyir Hajibeyli 62, AZ 1010, Baku. A partner replies within one business day.

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

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