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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.

 

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

Excellent team known for acting on high-profile and significant mandates. Clients commend the team's expertise, saying: "They are all very solid, have excellent knowledge, are hard-working and give great practical advice." They further praised the service adding that the lawyers are "client-oriented, quite patient and understand the client's internal procedures."

Chambers Europe - 2017

Zaza Bibilashvili is able to suggest winning strategies and is active across a range of contentious and non-contentious work, including real estate and intellectual property matters. Previous comments include: BGI Legal fields ‘a team of true professionals with good knowledge of law and a proper understanding of business needs`. It provides full-service support to leading multinational and Georgian clients, handling general legal matters alongside more complex financing, M&A, dispute resolution and capital markets mandates.

Legal 500 - 2016