BGI acts for clients in the largest ever insolvency proceedings in Georgia
BGI represented a US-based aircraft leasing conglomerate and a joint venture of two major EU airlines in the insolvency proceedings of the largest Georgian airline. The complex insolvency proceedings ended up with the commencement of rehabilitation of the local airline, while creditors gained an effective supervision mechanism.
“The largest rehabilitation process in the history of Georgia has just begun. International creditors gave the local airline a unique opportunity to recover. We are honored to have played a pivotal role in this process,” noted George Sarajishvili, the Head of Litigation Practice, who led the BGI team.
“Following intense negotiations, we managed to establish a mechanism ensuring transparency and accountability of the rehabilitation process and maximizing the chances of creditor recovery,” added Lika Topuria, Senior Associate of BGI Legal.
Solid team with vast experience of handling a wide spectrum of corporate and commercial as well as financial matters. Particularly well versed in project finance and boasts an impressive track record in some of the country's biggest energy and infrastructure projects. Popular choice for prominent international and local clients, including financial institutions and corporates from an array of industry sectors. Clients are impressed with the team's approach, saying: "The best thing is their coming up with proactive advice and suggesting a structure. They are able to work under pressure and respond immediately." Another client adds: "As soon as we give them a project we don't need to double-check anything." Other typical comments are: "They are a top-tier firm on the market with highly skilled, efficient and solution-oriented lawyers."
The four-partner team at BGI Legal provides a ‘responsive, proactive and solution-oriented service to a wide range of international corporates both directly and on a referral basis from major international law firms; it has built a strong reputation acting for investors and lenders on many of the country s largest projects. The ‘excellent Lasha Gogiberidze has led the team s work in several major energy mandates, including advising an Asian investor on a hydropower project. Gogiberidze is also regularly involved in financing work, including inter-bank lending, regulatory lending (to comply with capital adequacy requirements) and capital markets work, where Unana Gogokhia is also establishing a strong reputation.
Zaza Bibilashvili is a highly respected corporate and disputes lawyer with significant practical experience in real estate transactions. Clients note his creativity and availability.