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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

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

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

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