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New regulatory development in Georgia

In accordance with the Law of Georgia on Personal Data Protection (the “Law”), the Personal Data Protection Inspector (the “Inspector”) was appointed by the Government of Georgia this summer. The Inspector's office is now fully functional (although certain functions with respect to the private sector will only enter into force on January 1st 2016) and a meeting was held with the public and private sector last Friday. The Inspector informed the audience that her office is about to start implementing and enforcing the Law. Accordingly, every public or private entity (which has at least 20 employees) has to submit information about its “personal data filing system” to the Inspector prior to January 30, 2014.

The Law defines “personal data filing system” as any structured set of personal data which is arranged and accessible according to the specific criteria.

The form of submission (i.e. notification form) has been elaborated by the Inspector's office and approved by the Inspector. Note also that transfer of personal data abroad (even to the founding entity or head office) is subject to the Inspector's prior approval.

Please let us know if you have any questions.

Vastly experienced market-leading firm assisting international and regional clients with all manner of corporate and commercial matters. Particularly well versed in project financing and loan agreements. Clients say: "The lawyers are detail-oriented and are always very helpful... Among the leading firms in Georgia."

Chambers Europe - 2016

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.

Legal 500 - 2016
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