News
BGI Legal acts as counsel for BG Capital and TBC Bank
18 March 2014BGI Legal has recently acted as counsel in the first-ever bond issuance in Georgian lari placed by the EBRD (European Bank for Reconstruction and Development) in Georgia. The two-year bond was equally subscribed by TBC Bank and JSC BG Capital, who acted as the lead managers and underwriters to the transaction.
The deal will undoubtedly support the development of the local capital markets and as Vakhtang Butskhrikidze, CEO of TBC Bank remarked, "This new bond issuance will increase access to local currency financing, which is an important source for business growth in Georgia".
Bruno Balvanera, EBRD Director for Caucasus, Moldova & Belarus said, “This is a very significant step for the Georgian local capital market. It brings a new instrument for investors and, at the same time, allows the EBRD to diversify its source of lari and to continue lending to companies in need of long-term financing in local currency".
Lasha Gogiberidze who led BGI's team commented, “In line with our long established tradition for representing clients in a flagship transaction, we are very proud to have been part of the effort in bringing this project to a successful conclusion”.
BGI remains at the top of the new Chambers Global 2014 rankings
14 March 2014The recently released Chambers Global 2014 rankings confirms BGI Legal as one of the top firms in Georgia. Three of the firm's lawyers are ranked by the legal directory including two top tier rankings for partners, Zaza Bibilashvili who is 'singled out as one of the best advisors on the local market' and Lasha Gogiberidze who is 'the fist port of call for many international clients.'
Giorgi Sarajishvili promoted to senior associate
29 January 2014Giorgi Sarajishvili has been appointed as a senior associate at BGI Legal. He joined the firm in 2010 and has regularly represented foreign investors and local companies operating in various fields of business. His key practice areas include litigation, arbitration, intellectual property, taxation and corporate law.
Sandro Bibilashvili promoted to partner
29 January 2014BGI Legal confirmed Sandro Bibilashvili's appointment to partner with effect from January 1st 2014. Whilst Sandro originally joined BGI Legal in January 2002, he has also spent time working in both other parts of Europe and the USA.
A CEDR accredited mediator, Sandro is keenly involved in all aspects of litigation, arbitration & mediation, corporate and commercial law, contracts, M&A, labour law, environmental law, securities, real estate & construction. He has worked on some of the firm's major deals in recent times.