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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.

 

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

"One of the leading firms in Georgia adept at both finance and corporate work". Client feedback: "Very good law firm for this jurisdiction. Strong knowledge." - Banking and finance, Restructuring and insolvency. Of Lasha Gogiberidze: "Good communication skills, responsive." Previous comments have included: "BGI Legal is one of the leading firms in Georgia adept at both finance and corporate work...Very good law firm for this jurisdiction...very knowledgeable, they get the job done on time and on budget". Lasha Gogiberidze is described as "prompt and quick to point out problems and pitfalls".

IFLR1000 - 2018

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