Hughson Management Inc.

Hughson Management Inc. was a company registered in Panama whose directors were Leyla and Arzu Aliyeva.[662] [25] [23] Swiss lawyer Olivier Mestelan signed the incorporation documents,[186] which were prepared by Morgan & Morgan,[662] [25] a Panama law firm.[639] Comset Services Ltd. was the company secretary.[25] [23]

In 2014, the company owned 51% of AtaHolding,[534] [247] a major Azerbaijani conglomerate.[544] Hughson was also one of three Panamanian companies linked to Azerfon,[522] a major Baku-based telecommunication company that trades as Nar.[546] The other companies were Gladwyn Management Inc and Grinnell Management Inc.[522] In 2011, each company owned 24% of Azerfon.[522] At that time, Leyla and Arzu Aliyeva alternated between being director and shareholder of the companies, and Mestelan held the position of treasurer.[522]

In a response to The Sentry, Azerfon said that Leyla Aliyeva, Arzu Aliyeva, and the three Panama companies do not hold stakes in Azerfon, adding: “Our management approach is based on integration of highest standards into everything we do. In particular, our corporate governance is built upon a set of internal regulations and policies that allows the management to mitigate potential non-compliances and subsequent risks which could ultimately affect our reputation as a reliable partner and service provider.”[1402]

Hughson Management Inc. was dissolved in 2019.[24]