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New regulatory development in Georgia

In accordance with the Law of Georgia on Personal Data Protection (the “Law”), the Personal Data Protection Inspector (the “Inspector”) was appointed by the Government of Georgia this summer. The Inspector's office is now fully functional (although certain functions with respect to the private sector will only enter into force on January 1st 2016) and a meeting was held with the public and private sector last Friday. The Inspector informed the audience that her office is about to start implementing and enforcing the Law. Accordingly, every public or private entity (which has at least 20 employees) has to submit information about its “personal data filing system” to the Inspector prior to January 30, 2014.

The Law defines “personal data filing system” as any structured set of personal data which is arranged and accessible according to the specific criteria.

The form of submission (i.e. notification form) has been elaborated by the Inspector's office and approved by the Inspector. Note also that transfer of personal data abroad (even to the founding entity or head office) is subject to the Inspector's prior approval.

Please let us know if you have any questions.

A leading figure in capital markets and M&A, Lasha Gogiberidze has an enviable track record of acting on the market's highlight deals, primarily advising banks, including international developmental institutions. He wins praise for his responsiveness and is described as "very client-focused and understanding of our needs."

 

Chambers Global - 2018

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.

Legal 500 - 2017

"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