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News New regulatory development in Georgia

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.

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

Legal director Unana Gogokhia focuses on financial transactions, and stands out for her experience of capital markets and derivatives. Clients appreciate her ability to "look at the issue very scrupulously and bring up points in the transaction that none of the other parties spotted." Sandro Bibilashvili is increasingly recognised in the market. He is involved in some of the firm's biggest project finance mandates and has recently been active working on energy projects. Counsel Tamara Tevdoradze enters the rankings on the back of positive praise. "She is very reliable, accurate and punctual, thinks in a very logical way and has very strong arguments," a client says

Chambers Global - 2017

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."

Chambers Europe - 2017