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BGI acts for IFIs

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?OpenDocument

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

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

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