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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 highly respected corporate and disputes lawyer with significant practical experience in real estate transactions. Clients note his creativity and availability.

Chambers Global - 2018

BGI is one of Georgia's leading firms in all areas of corporate law and in energy and infrastructure has acted on key projects in the oil and gas, energy, transport infrastructure areas. Previous comments have included: "Very good law firm for this jurisdiction...very knowledgeable, they get the job done on time and on budget...they are very professional and good lawyers". Thanks for universal praise from competitors and clients alike, BGI sits comfortably in the top tier... BGI is client-focused and solution-oriented... [with] excellent local counsel, not just for Georgian standards, but by international standards... [A major international client says:] "In terms of local law firms... I have a strong preference for BGI."

IFLR1000 - 2017

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