Albania

IFLR1000 Reviews

Financial and corporate
Boga & Associates

Established in 1994 in Tirana, Boga & Associates is one of Albania's largest full-service firms. It also has an office in Kosovo.

 

Focusses / specialisms

The firm advises on deals across a wide range of practice areas, from banking to corporate transactions and is known for advising foreign clients as local counsel on cross-border deals.

In the project area the firm is experienced in advising on renewable and conventional energy infrastructure development.

 

Key clients

The firm has strong relationships with investment banks across the region, such as Sberbank and the Black Sea Trade & Development Bank. It has also worked for state owned entities on banking, project development and corporate deals such as Statkraft, a European leader in renewable energy and Albanian National Commercial Bank.

 

Client feedback: 31st edition (2020/2021)

Bank lending: Lender side

“They are very responsive and available to speak. This is a difficult project from a legal perspective, and they have advised on changing circumstances etc.”

 

Project development: Energy

“Boga & Associates' team consists of acknowledged industry legal experts with a formidable reputation of successfully advising on the country's largest and most complex project developments. The lawyers win praise for their technical ability as well as their commercial approach and can provide comprehensive legal services.”

Hoxha Memi & Hoxha

Established in 2003, Hoxha Memi and Hoxha is a full-service firm. It is based in Tirana, where it employs 10 lawyers, including three partners.

 

Focusses / specialisms

The firm is most active in M&A and project development, where it advises in the infrastructure and energy industry.

 

Key clients

The firm advised Samsung Electronics Co, BMW group, Phillips Luftansa as well as energy companies like Eni, Devoll Hydropower and Energji Ashta Shpk.

 

Client feedback: 31st edition (2020/2021)

M&A

“Very dedicated, professional and talented attorneys, who give great service and are available at every hour of the day.”

 

Restructuring: Corporate

“Hoxha Memi & Hoxha is a highly reputable law firm in Albania, with a team filled with experienced legal experts capable of assisting with projects of various sizes and complexity. We have been collaborating with them for several years now and they were always the ones you can rely on.”

Kalo & Associates

Kalo & Associates is an established Albanian firm based in Tirana and with an office in Kosovo. It was created in 1994 by Përparim Kalo, an M&A specialist.

The firm is a founding member of the SEE Legal network, connecting it to firms in 12 jurisdictions across South Eastern Europe.  

 

Focusses / specialisms

The firm has experience in advising on cross border and local financing, M&A and project development deals across industries including banking, telecoms, aviation, and conventional energy. 

 

Key clients

The firm has worked with internationally renowned clients across different sectors such as EBRD, Turkish Airlines, ATI Bulgaria, and Vivacom Bulgaria. 

 

Research period review: 31st edition (2020/2021)

During the research period the firm was active in M&A work ranging from acquiring land for the development of LNG storage to the sale of Société Générale's Albanian subsidiary to OTP Bank. Most notably the firm assisted on the Republic of Albania's first joint venture with a private entity, AIR Albania. 

The firm’s recent staffing changes include Oltjon Dano return to the firm's project department in March 2019 after leaving the National Bank of Greece's Albanian subsidiary which he had moved to form the firm.

 

Deal highlights: 31st edition (2020/2021)

ATI Bulgari / Vivacom Bulgaria acquisition of Telekom Albania

Netlog Logistic acquisition of Intereuropa 

OTP Bank Albania €5 million financing 

OTP Bank acquisition of Société Générale Albania 

Porsche Informatik €7 million acquisition of DASOF

Portwest Acquisition of Fegem

 

Client feedback: 31st edition (2020/2021)

Bank lending: Lender side

"Available, very professional, and give relevant advice."

 

Financial services regulatory

"The firm provides detailed information on the procedure to be followed before the regulatory authorities and full support regarding the procedural matters."

 

Project development

"High standards and quality of work. Precise regulatory knowledge. Precise and straightforward communication. Well-balanced risk assessment."

 

Project development: Energy

"Extremely commercial and sensible, can-do attitude. Understands the local political context. "

"Kalo & Associates’ team is the most professional team we are working with in the Balkans. "

"Very responsive, adhere to deadlines, pay attention to detail, and follow up even after project is completed."

 

Aigest Milo

"Good availability and legal knowledge."

 

"Provides detailed information and support on procedures to be followed before the regulatory authorities."

 

"Understands underlying problems and finds the most efficient legal solution and framework. Provides honest communication."

 

Armando Toslluku

"Precise documentation and communication. Knowledge and competent."

 

Jola Gjuzi

"Very good knowledge in the energy sector, and always look at the deal like they own it."

 

Oltjon Dano

"Very reliable, trustworthy and responsive."

 

Perparim Kalo

"Very good knowledge in the energy sector, and always look at the deal like they own it."

Gjika & Associates

Established in 2013, Gjika & Associates is an independent firm based in Tirana. It is part of GGI, a global alliance of independent professional firms, focusing on audit, tax, legal, and advisory services.  

 

Focusses / specialisms

The firm focuses on the energy industry and real estate sectors, often advising international companies on their activities in Albania.

 

Key clients

The firm worked with Turkey Garanti Bankasi and SPV Tirana Residential Park.

Haxhia & Hajdari

Haxhia & Hajdari is an Albanian law firm established in 1992.

 

Focusses / specialisms

The firm advises Albanian corporate and commercial clients on regulatory and licensing issues related to business operations.

Optima Legal & Financial

Established in 2008, Optima Legal & Financial is an independent firm based in Tirana, which employs 10 lawyers, including three partners.

 

Focusses / specialisms

The firm has a focus on project development and the energy industry, acting for Albanian gas companies and the state on several energy projects and working on highway development projects. It has notable capacities in corporate and financial work.

 

Key clients

The firm worked with key governmental offices in both Albania and Kosovo, such as the Ministry of Infrastructure of Kosovo, and Ministry of Energy and Industry of Albania. It advised construction and energy companies like Albgaz, Sara International and Ellaktor.

 

Client feedback: 31st edition (2020/2021)

Project development: Energy

“We have found Optima's work to be impeccable and always on time. We have had a very good experience with them in a common project, being always polite and well mannered always tending to our needs and constant queries. More specifically certain types of issues we have encountered with the project have been handled with absolute efficiency and professionalism by their lawyers. Furthermore, Optima's client service is excellent, especially when requesting time sensitive things. The team is always ready to deliver a high-quality outcome. No matter how complex the issue is, they have always a solution.”

Wolf Theiss

Wolf Theiss is an Austrian firm with a European network that includes 13 jurisdictions. Its office in Albania is based in Tirana, where it employs seven lawyers including one partner.

 

Focusses / specialisms

The Albanian office of the firm has notable financial and corporate capacities; active in M&A and banking, it advises on cross border transactions with international companies. It is well known for its work in the power sector where it advises government bodies.

 

Key clients

The firm advised several banks, including Union Bank, Komercijalna Banka, EIF, Tirana Bank as well as corporate investors like Balfin Group and Sumitomo corporation Europe. It was active in the telecommunications industry, working with Cosmote Mobile Telecommunications.

 

Client feedback: 31st edition (2020/2021)

Banking and finance

“Takes a commercial approach and helping us to understand the implications of accepting certain risks.”

 

Project development

“Professional, fast, precise.”