As part of minerals rich and emerging markets Caspian region Turkmenistan is becoming increasingly popular with foreign companies and investors.
As a logical step towards creation of a fully-fledged practice in 2011 GRATA International moved to open a Turkmenistan desk staffed with both qualified foreign legal attorneys and local Tukmen counsel. Our consultants are fully acquainted with and experienced in Turkmenistan laws and legal system.
The Turkmenistan desk is a natural progression for GRATA International, which is the leading law firm Central Asia with operational offices in Azerbaijan, Kazakhstan, Kyrgyzstan and Uzbekistan.
GRATA International has earned international recognition for its expertise in areas of foreign investments, M&A, capital markets, project finance and financial transactions across Central Asia and Caucasus.
The ability to provide value-for-money legal services and understanding the local cultures of the Central Asia region are some of our main strengths.
Tashkent -based finance partner Atabek Sharipov leads the Turkmenistan Desk with support from Ashgabat based team of experienced practitioners.
Most recent experience
Advising Japan Bank for International Cooperation on Turkmenistan law aspects in connection with a series of cross-border financial transactions involving lending to the Government of Turkmenistan.
Advising MUTB Global Business on applicablelicense, registration, permission and other regulatory requirements and restrictions on marketing or solicitation in the context of Turkmenistan laws.
Advising European Bank for Reconstruction and Development on enforcement of court resolutions in Turkmenistan including overview of applicable laws and practice and development of suggestions for improvement.
Advising multinational pharmaceutical companies on Turkmenistan law governed commercial contracts and related legal issues including risk analysis and applicable remedies.
Advising a major multinational telecom investor on Turkmenistan tax law aspects and commercial agreements with suppliers of various services in Turkmenistan.
Registering a branch office of major South Korean and Japanese companies in Turkmenistan (2015). Liquidating representative offices of European companies.
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Since its establishment in April 1992, GRATA has gained experience in the following areas of practice:
GRATA lawyers have been recognised by international experts including The Legal 500, Chambers Global, Chambers Asia Pacific, IFLR1000, Who’s Who legal, Asialaw Profiles.
The Astana International Financial Centre (AIFC) was launched on the 5 July 2018. It is a financial hub located in Astana, Kazakhstan. The aims of AIFC are to attract investment and bring in clients from Asia, Europe and the Middle East.
On 5-7 September 2018, a IBA Europe-Caucasus-Asia Forum 2018 will be held in Almaty.
This article is published using “Astana International Financial Centre (AIFC) – The Practitioners Handbook on International Tax” documented by Ambassador SM Soni on 25th May 2016, “The constitutional law of the Republic of Kazakhstan on Astana International Financial Centre” and “Explanatory Note to the issue on the Strategy for the development of the Astana International Financial Centre”.
annual IFLR1000 rankings of leading lawyers was published this month
organized by the Financial Times and the European Bank for Reconstruction and Development
With its population o f 30 million and traditional Islamic roots Uzbekistan is probably one o f the most promising markets for Islamic financing in Central Asia.
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