Ismail PHOTO
Name: Ismail Askerov
Firm Name: MGB Law Offices
Country: Azerbaijan
Expertise: Project Finance

Telephone: +99412 493 6669
Fax: +99412 498 7132
Email: [email protected]

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Professional Biography:

Ismail is the Managing Partner of MGB Law Offices with over 23 years of experience in corporate, project finance, telecom and aircraft finance. He has been representing oil and gas corporations, export credit agencies and international financial institutions (such as EBRD and IFC) on cross border financing and high profile M&A projects.  His experience also extends on advising consortium of international and investment banks and credit agency in downstream financing in connection with a multi-million facility for the development, construction of a major refinery in Turkey (“Project Star”) as well as syndicated finance of the foreign lenders on the well-known BTC pipeline project.

Ismail has also extensively assisted his multinational clients on various legal matters including data protection, franchising/distribution and IP matters. For many years he has been providing practical regulatory advice in heavily regulated industries, such as oil and gas, banking, insurance, aviation and pharmaceuticals.

Ismail is highly recommended by Legal 500, IFLR and Chambers Global.


– Diploma in Law, Moscow Academy of Economics, Finance and Law, 1989,
– Academic study in law, Center for Commercial Law Studies, University of London, 1994

Admitted To Practice:

– Azerbaijan and Russia, 1989
– Member of the Collegium of Advocates of the Republic of Azerbaijan entitles, inter alia, to appear before the Supreme Court of the Republic of Azerbaijan), since 2004
– Member of International Bar Association since 1992

Professional Honors:

– Leading Lawyer, IFLR1000 Financial and Corporate, 2016-2017
– Leading Lawyer, Legal 500 EMEA 2017
– Highly Ranked lawyer, Chambers Asia Pacific 2017


– Azerbaijani
– English
– Russian
– Turkish

About The Firm:

Established in 1995 MGB Law Offices is a leading full practice commercial law firm based in Baku, Azerbaijan. Being the country’s premier  independent law firm, we have been providing high quality work and an international approach to our clients. Our team of experienced and qualified personnel has an in-depth understanding of the local Azerbaijani business environment in order to fully meet our clients’ needs and expectations. The senior member of the team, Ismail Askerov has been in place since the establishment of the firm in Azerbaijan as the principal lawyer of the first commercial law practice in the country.  Anar Janmammadov, one of the experienced senior lawyers of the firm has joined the firm in 2007. As such, MGB is perfectly placed to offer a high level of experience and consistency of approach distinguished among its competitors.

Our Clients:

We have an impressive track record of successful work with international companies in various industries and provide accurate, practical and cost-effective advice. Our dedicated team is often called upon by top law firms throughout the world to represent their clients in the jurisdiction as Azerbaijani law counsel. MGB’s client base includes blue-chip multinationals, international financial institutions such as IFC and EBRD, insurance companies and other business entities involved into energy, consumer goods and retail, healthcare, telecoms, transport and logistics.

Recognition & Ranking:

MGB is widely recognised as one of the most reputable independent law firms in the country, MGB Law Offices is highly regarded in the legal press and has been consistently ranked as the top tier law firm by the IFLR1000 and Legal500 for the last ten years, and the leading practice by Chambers and Partners.