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BGI Special Alert - The “Russian Law” and Tax Relief for Transferring Offshore Assets

24 April 2024

 

On 3 April 2024, Georgia’s ruling “Georgian Dream” (GD) party introduced a bill on Transparency of Foreign Influence, widely dubbed as the “Russian Law”. By submitting this bill, GD revived an almost identical bill initiated in the Parliament in February 2023, which was effectively withdrawn after massive public protests in March 2023 accompanied by a public promise by the then GD chairman, the current Prime Minister Irakli Kobakhidze, that the bill would never be reintroduced. Despite mass protests, on 17 April 2024, 83 GD- controlled MPs voted to pass the bill in the first reading. The bill still needs to be passed by two more readings and signed by the president to become a law (in case the president vetoes the bill, GD can override the veto with simple majority of votes).

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Outstanding year of achievement in Legal 500 2024

28 March 2024

BGI Legal is delighted to report this year yet again a record number of rankings - totalling 26 - in the Legal 500 2024 edition just published.

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Chambers Europe 2024: BGI Legal celebrates top rankings in Dispute Resolution and General Business Law

18 March 2024

We take much pleasure in announcing that BGI Legal has achieved another year of great success in Chambers Europe 2024 with no other Georgian firm receiving more rankings in the latest guide.

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BGI Legal Achieves Top-Tier Recognition by Chambers and Partners

19 February 2024

BGI Legal has maintained its elite BAND 1 status in the latest Chambers Global Guide, cementing its market leader position for yet another consecutive year.

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Zaza Bibilashvili is a well-known and highly regarded figure in the Georgian legal market. One of the founding partners of the firm, he oversees projects and is a key contact for clients. Lasha Gogiberidze has been called "one of the leading lawyers in Georgia" and "a central person not just in capital markets, but in the legal market in general." Considered an expert in capital markets and project finance work, particularly in the energy sphere, he is highly respected by his peers, who say: "He`s among the top lawyers who shaped the legal market."

Chambers Global - 2016

BGI Legal is ‘exceptional' in M&A, financing and real estate, and is especially prominent in the energy sector. Lasha Gogiberidze, whom clients regard as ‘the top lawyer in Georgia for banking, finance and capital markets transactions', and Sandro Bibilashvili handled a number of innovative regional energy projects and joint ventures, such as the Adjaristsqali hydropower project.

Legal 500 - 2017
A leading figure in capital markets and M&A, Lasha Gogiberidze has an enviable track record of acting on the market's highlight deals, primarily advising banks, including international developmental institutions. He wins praise for his responsiveness and is described as "very client-focused and understanding of our needs."

 

Chambers Global - 2018