Vazgen Grigoryan
Partner
Overview
Vazgen Grigoryan is a Partner at Kosta Legal leading the firm’s Dispute Resolution and Corporate practices. He is a highly regarded litigator in Uzbekistan. With over 25 years of experience, he specializes in complex cross-border commercial litigation, regulatory enforcement proceedings, multi-jurisdictional investigations, corporate restructurings and insolvency. Vazgen represents clients in corporate disputes, multi-million debt cases related to commercial contracts and pledge agreements, as well as disputes with state tax and antitrust authorities and state-owned enterprises. He also handles recognition and enforcement of international arbitration awards and bankruptcy matters. Clients value his ability to navigate legal challenges.
As a practitioner of corporate and financial law, his expertise extends to corporate law, corporate finance, and corporate governance, where he assists with public takeovers and private acquisitions of shares and businesses, equity issues, including acting on issue and placement of shares, reorganizations, joint ventures, and general corporate work. Having gained substantial experience in the Uzbek banking industry, Vazgen is particularly adept in bank financing, focusing on syndicated and secured loans, structured trade finance, project finance, and acquisition finance. Clients appreciate his solution-oriented approach and extensive transactional experience.
Project Highlights
Leading global metals and mining group in connection with HKIAC arbitration proceedings and the recovery of advance payments from a counterparty holding assets in Uzbekistan. Our work included developing an asset preservation and enforcement strategy and securing recognition and enforcement of HKIAC interim measures before the Uzbek courts.
Leading Chinese construction machinery manufacturer in arbitration proceedings under the Rules of the Tashkent International Arbitration Centre arising out of a guarantee agreement.
Leading European livestock genetics organisation in VIAC arbitration proceedings against an Uzbek agricultural company, resulting in a favourable award. We subsequently advised on enforcement in Uzbekistan, asset tracing and the public auction of the debtor’s seized property.
Major South-East Asian conglomerate in an international arbitration arising from the termination by the Uzbek authorities of the client’s rights under a production sharing agreement.
International industrial manufacturer in the recognition and enforcement in Uzbekistan of an arbitral award rendered by the International Commercial Arbitration Court at the Chamber of Commerce and Industry of the Russian Federation. We represented the client before the Uzbek courts, negotiated a settlement and secured full recovery of the outstanding amount.
International export credit insurer, as principal creditor, in the liquidation of a major agricultural machinery supplier in Uzbekistan. Our work included disputes concerning the liability of controlling persons and transaction avoidance, as well as proceedings before the economic and criminal courts that resulted in the invalidation of sham transactions designed to dissipate the debtor’s assets.
Foreign financial institution in two complex proceedings arising from the insolvency of a foreign debtor. We protected the creditor’s interests and the insolvency estate, successfully challenged claims disputing the existence of the underlying debt and represented the client before the Uzbek courts, including the Supreme Court.
Awards & Recognition
Band 1, Chambers Global and Asia-Pacific 2026. “Vazgen is one of the strongest lawyers in the region and has excellent commercial awareness.”
Leading Partner, The Legal 500 EMEA 2026. “Vazgen Grigoryan stands out for strategic thinking and commercial awareness.”
Capabilities
Commercial litigation
International arbitration
Insolvency and Restructuring
Corporate
Employment
Languages
English
Russian
Uzbek
Qualifications
Certified mediator, Uzbekistan
Admitted as an advocate, Uzbekistan
Education
Tashkent State Institute of Law (Uzbekistan), LLB in Law, 2001