Investing In... 2026

TAJIKISTAN Law and Practice Contributed by: Farhad Azizov and Shavkat Akhmedov, AAA Law Offices

AAA Law Offices is an eminent, Band 1 specialist law firm based in Dushanbe, Tajikistan. The team of - fers local law advice to a range of blue-chip interna - tional corporate and financial institutions, with deep expertise in banking, M&A, corporate governance, project finance, and tax. The firm’s practice also cov - ers TMT, energy, mining, and employment matters. This expertise is demonstrated by its work advis - ing long-standing clients like the EBRD and IFC on numerous projects, as well as acting as domestic

counsel for Tajikistan’s first-ever sovereign Eurobond offering. The firm is well regarded for handling com - plex transactional and contentious legal matters in the jurisdiction. The firm’s dedication to innovation is exemplified by the launch of “Moni”, the nation’s first AI legal agent (tajiklaw.ai). Incubated at the firm by a 15-year-old student, this free multilingual tool stands as a testament to the firm’s belief that Tajik law should be navigable for everyone – including in - ternational investors.

Authors

Farhad Azizov is a leading lawyer in Dushanbe and a key partner at AAA Law Offices. He is highly experienced in advising clients on corporate matters, tax, project finance, energy and land law. He holds an LLM from the University of Manchester, UK.

Shavkat Akhmedov is a notable practitioner and a key partner at AAA Law Offices. He draws on deep experience in handling both transactional and contentious legal matters, including significant finance

and M&A transactions, as well as litigation. His expertise also extends to complex banking, data protection, and employment law matters within the jurisdiction. Mr Akhmedov holds an LLM from the University of Essex, UK, and a PhD from the University of Kent, UK.

AAA Law Offices Rudaki Avenue 14 Dushanbe Tajikistan Tel: +992 918612308 Email: aaa@aaa.tj Web: aaa.tj

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