Armenia

IFLR1000 Reviews

Financial and corporate
Andersen Legal

Founded in 2012 and ranked Tier 1 since 2023, Andersen Legal is a leading Armenian law firm based in Yerevan. The firm is led by prominent Armenian legal professionals under managing partner Varoujan Avedikian. The firm focuses on financial and corporate transactions, including banking, capital markets, M&A and investment funds, and has a record of leading on market-first transactions and executing deals in highly regulated sectors.

Highlights

A team led by managing partner Varoujan Avedikian and senior partner Misak Babajanyan advised French development finance agency Proparco on its acquisition of 10% of the share capital of publicly-listed ACBA Bank. The deal involved a secondary market transaction to acquire 2% of the bank’s shares from SACAM International, and a primary market transaction for an 8% stake, executed via a subscription to newly issued shares. The firm worked alongside international counsel.

In another highlight, the firm advised the management of Kamurj UCO, on its management buyout (MBO) of Kamurj UCO CJSC, one of the largest credit organizations in Armenia and previously owned by the Republic of Armenia. The deal represented the first ever MBO in Armenia’s financial services sector.

In a third notable deal, the team acted for Paradeplatz on its acquisition of 100% shareholding in investment company Alpha Securities. The deal navigated Cypriot and Armenian regulatory frameworks and compliance requirements and won approval from the Central Bank of Armenia.

Key clients  

Recent projects undertaken for Proparco, EBRD and Baker McKenzie

Testimonials

2025

“They are very professional, prompt and knowledgeable” – Capital markets / M&A

Varoujan Avedikian is very responsive” – Capital markets / M&A

 

2024   

"Varoujan Avedikian and his team always provided technically accurate and commercially sound advice on very short notice. They are very responsive and understand the preferences and commercial needs of clients." – M&A

“Varoujan Avedikian is very responsive and commercially minded. He is capable to provide practical solutions to our clients.” – Banking and finance

Legelata

Armenian law firm Legelata was established in 2010 with an office in Yerevan. The firm has a team of prominent Armenian lawyers led by managing partner Gor Margaryan, a highly regarded legal practitioner in Armenia. The firm’s strengths are in banking and finance, M&A and restructuring and insolvency, where it is renowned in the market for its work on cross-border transactions.

Highlights 

In 2024-2025 the firm, led by Gor Margaryan, advised a regional development bank on a large financing to a group of agricultural businesses. The firm was also mandated by a Central and Eastern European bank to advise on its day-to-day financing transactions in the market, supporting the bank on financial regulatory matters.

Elsewhere, the firm worked alongside a Baltic law firm to advise a credit organisation in relation to share transfer during a liquidation proceeding and supported a Polish law firm advising a client through a restructuring process.  

Key clients

Highlight clients of 2024-2025 included the Bank of Georgia, Eurasian Development Bank, Unicredit Bank OJSC, Law office Skrastins & Dzenis and Polskie Linie Lotnicze LOT

Testimonials

“Client-oriented, experienced team with tailor-made solutions and approach” – Financial and corporate

“We especially value Legelata’s practical and solution-oriented approach. Their deep understanding of the local legal landscape allows them to address a wide range of issues efficiently.” – Financial and corporate

“Their ability to communicate effectively with local banks and regulators has significantly streamlined the implementation process and removed many potential bottlenecks.” – Financial and corporate

“What stands out is Gor’s communication with the client to navigate the needs and meet the ends that are in the client’s best interest” – Gor Margaryan, managing partner – Financial and corporate

“Alexander is excellent in communication and problem-solving. He combines strong legal knowledge with a practical approach, quickly understanding complex issues and offering workable solutions” – Alexander Egibyan (senior associate) – Financial and corporate

“Alexander’s clear communication with regulators, banks, and other stakeholders helps move projects forward smoothly and efficiently.” – Alexander Egibyan, senior associate – Financial and corporate

“Alexander is very capable” – Alexander Egibyan, senior associate – Financial and corporate

Pogossians Law Group

Pogossians Law Group is an Armenian corporate law firm established in 2017. The firm has its offices in Yerevan. The firm advises both local and international clients on diverse legal matters, specialising in banking and finance, restructuring and insolvency and financial services regulatory.

Highlights

During 2024-2025 the firm, led by Grevorg Poghosyan, worked on several projects for the Central Depository of Armenia. Most significantly, the project included advice on securities registration settlement rules impacting its relationship with Clearstream, in the wake of updates to the Armenian Law on joint stock companies, and on admitting one of Georgia's largest banks onto the Central Depository's system.

The firm has helped its client Green Invest Non-Public Contractual investment Fund on securing investments worth $18 million over the course of a year and, in a first for Armenia, enabling the administration its shares by the Central Depository of Armenia.

Key clients

Over 2024-2025 the firm undertook work for the Central Depository of Armenia, Green Invest Non Public Contractual Investment Fund, A&M Rare LLC, Landmark Capital and Haekshin Construction

Testimonials

2025

“Professionalism, fast work, high level knowledge and practice” – Financial and corporate

“What stands out about Zaven Vartumyan is his experience in specialised legal practices” – Financial and corporate

2024

“Pogossians Law Group impresses us with their high level of responsiveness, even when faced with tight deadlines. Their deep knowledge of securities market regulations in Armenia is unparalleled. Additionally, the fact that they have been providing us with legal services for over five years is extremely valuable” – Financial services regulatory

“Their long-term engagement means they are well-acquainted with our internal practices and regulations, allowing for seamless and efficient support” – Financial services regulatory

“Quick and dedicated services, they are private with the government regulations, they can see the different approach and give you the alternatives” – Financial services regulatory

“They excel in their deep understanding of the securities and capital markets law and regulations” – Financial services regulatory

“Their responsiveness and ability to work within tight deadlines ensure that all our legal needs are met promptly and efficiently, even under pressure. This combination of expertise, tailored experience, and operational agility makes their service invaluable to us” – Financial services regulatory

"Pogossians Law Firm's combination of expertise, professionalism, and a client-focused approach makes them an outstanding partner in navigating complex legal matters. We are grateful for their exceptional service and support" – Insolvency

"Pogossians stands out as the premier professionals for investment funds in Armenia. Their in-depth knowledge of both the legislation and the market is unparalleled, providing us with a significant advantage in navigating the complexities of our operations” – Investment funds

“Their responsiveness is exceptional; they consistently deliver high-quality services even within short deadlines and accommodate late notices from our side without compromising on quality” – Investment funds

“She is up to date with the law status in the country, listens well, work to deadline” – Narina Babayan, partner

“Narine Babayan is a highly professional lawyer who exemplifies expertise and dedication in her field. Her deep knowledge of the law, combined with her meticulous attention to detail, ensures that every aspect of a case is handled with the utmost care and precision. Narine's ability to communicate complex legal concepts clearly and effectively is remarkable, making her an invaluable asset to her clients. Her professionalism, coupled with a proactive and strategic approach, consistently leads to successful outcomes. Narine's unwavering commitment to excellence sets her apart as a standout lawyer in her practice.” - Narina Babayan, Firm Partner

“Zaven Vartumyan has been providing all our services, and we have never had any complaints regarding his work. He excels in preparing investment structures for highly complex arrangements that involve multiple parties and numerous moving parts. His deep knowledge of the relevant legislation is unmatched, making him exceptionally adept at navigating the legal intricacies of our operations. Zaven's expertise and attention to detail have been critical in ensuring the success and compliance of our investment strategies.” – Zaven Vartumyan, senior associate

“Zaven Vartumyan excels in managing all the services provided to us, consistently delivering high-quality results. He possesses profound knowledge of the securities market, capital markets law, and industry sectors, which significantly benefits our operations. With four years of direct experience working with the Central Depository, he has developed a deep understanding of how we operate, allowing him to tailor his services effectively. Additionally, Zaven is highly responsive and possesses excellent command of both English and Russian, skills that are indispensable when interacting with our international clients and ensuring clear, effective communication across different stakeholders.” – Zaven Vartumyan, Senior associate

“Legal consultancy for the depository services department, court representation in all of our litigations and assistance with drafting the depository rules etc.” – Zaven Vartumyan, senior associate

ADWISE Consulting

ADWISE Consulting is an Armenian law firm founded in 2015 and based in Yerevan. The firm advises domestic and international clients on Armenian law matters, with a focus on corporate and financial transactions.

Highlights: The firm is active in banking and finance, including debt financing and restructuring, as well as corporate and M&A and project development work. Its practice includes advising on financings, refinancings, restructurings, due diligence and related transactional agreements.

Concern Dialog Law Firm

Concern Dialog Law Firm was established in 1998 and is an Armenian law firm based in Yerevan. The firm advises domestic and international clients on Armenian law across a range of corporate and regulatory matters.

Highlights: The firm is active in corporate and M&A and project development work, with particular experience in real estate-related transactions. Its practice also includes providing regulatory advice to clients in the technology and telecommunications sectors.

ELL Partnership

ELL Partnership was founded in 2011 and is an Armenian law firm advising domestic and international clients on Armenian law matters. The firm provides legal services across corporate, commercial, intellectual property, tax and dispute resolution matters.

Highlights: The firm is active in corporate work, including advising on foreign investment into Armenia. Its practice also includes supporting clients on commercial transactions, regulatory matters and related advisory work.

GM Legal Law Firm

GM Legal Law Firm was founded in 2022 and is an Armenian law firm based in Yerevan. The firm was established by lawyers with experience in banking, insolvency and property matters and advises clients on Armenian law.

Highlights: The firm is active in corporate and commercial matters, dispute resolution, intellectual property and telecommunications and media regulation. It has particular experience advising on insolvency and restructuring proceedings.

GRATA International

GRATA International operates in Armenia through Rod Kurtman Legal, which was established in Yerevan in 2013. The Armenian practice forms part of GRATA International, an international network of independent law firms operating across multiple jurisdictions.

Highlights: The firm is led by managing partner Khoren Nasibyan and advises clients on corporate and financial matters, including regulatory aspects of transactions in regulated industries, supporting both domestic and cross-border work.

KPMG

KPMG Law Armenia operates as part of the KPMG global professional services network in Armenia, advising clients on Armenian law matters. The firm supports domestic and international clients on corporate and transactional work.

Highlights: The firm is active across corporate and M&A matters and advises on a range of corporate finance transactions. Its practice also includes advising clients in the technology and telecommunications sectors on corporate, contractual and regulatory matters.