BGI Legal top ranked in Chambers Europe`s latest publication15 May 2015
BGI Legal and its lawyers are once more delighted to retain their top ranking in the latest directory publication by The Legal 500 EMEA 2016. Not only is the firm top ranked but both Zaza Bibilashvili and Lasha Gogiberidze are named as leading lawyers. Legal 500 also acclaims Unana Gogokhia and notes that she is establishing a strong reputation in capital markets work. The rankings consolidate the firm's desire to remain the go-to firm in Georgia. For more information please click on International Rankings.Read more
BGI Legal advises the lenders on the USD 250 million facility to Adjaristsqali Georgia13 April 2015
BGI Legal's team, led by Lasha Gogiberidze and Sandro Bibilashvili, has just completed its advice to the lenders on the USD 250 million facility to Adjaristsqali Georgia in respect of the financing of the largest private hydropower investment project in Georgia, the Shuakhevi hydropower scheme. The project aims to export power to Turkey by the end of 2016 for nine months each year through the 400kV cross-border Akhalskhe-Borcka transmission line and sell domestically for the remaining three consecutive winter months. The lender group of Asian Development Bank, European Bank for Reconstruction and Development and International Finance Corporation together provided a loan facility of USD 250 million. IFC was a lead arranger for the financing and is also an equity investor in the project company. The sponsors of the project are India's Tata Power (40%), Norway's Clean Energy Invest (40%), and IFC (20%).Read more
Latest publication from Chambers Global 2015 include new ranking for team13 March 2015
The team at BGI Legal is delighted once again with its position as a top ranked firm in the latest publication of Chambers Global. The legal directory, which has just published its latest rankings, now includes four of BGI Legal's team including a new ranking for 'up and coming' lawyer, Sandro Bibilahvili. Both partners, Zaza Bibilashvili and Lasha Gogiberidze are highly acclaimed and comment is made on the high visibility of counsel, Ekaterina Aleksidze, particularly in advising banks. The rankings affirm the continuing strength of the team at BGI Legal.Read more
BGI acts for IFIs23 February 2015
The Asian Development Bank (ADB) has just completed a deal worth GEL100 million (approximately $48.54 million) from its first ever sale of Georgian lari bonds with BGI Legal acting as local counsel for the underwriter (TBC Broker LLC, a subsidiary of TBC Bank JSC) in the bond issuance leg of the transaction. The proceeds of the bond issue have been lent to TBC Bank and will be used to provide investment and support the development of small businesses in Georgia. "BGI Legal is extremely pleased to have been involved with this largest ever lari bond offering which will undoubtedly make a significant difference for small businesses in Georgia and indeed have an impact on the Georgian economy as a whole", said partner, Lasha Gogiberidze. For more information on the deal, please follow the links below:http://cbw.ge/home/tbc-bank-obtains-gel-100-million-loan-from-adb/ http://www.finchannel.com/index.php/opinion/press-releases/item/40341-adb-sells-largest-georgia-lari-bond-to-boost-capital-market-small-companies BGI Legal has also recently acted for another IFI in a GEL denominated bond issue, more details of which can be found in the following link: http://ifcext.ifc.org/IFCExt/pressroom/IFCPressRoom.nsf/0/1F87C331263B820785257DEF00533EE0?OpenDocumentRead more
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."
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.
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."