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BGI Special Alert - The “Russian Law” and Tax Relief for Transferring Offshore Assets

24 April 2024

 

On 3 April 2024, Georgia’s ruling “Georgian Dream” (GD) party introduced a bill on Transparency of Foreign Influence, widely dubbed as the “Russian Law”. By submitting this bill, GD revived an almost identical bill initiated in the Parliament in February 2023, which was effectively withdrawn after massive public protests in March 2023 accompanied by a public promise by the then GD chairman, the current Prime Minister Irakli Kobakhidze, that the bill would never be reintroduced. Despite mass protests, on 17 April 2024, 83 GD- controlled MPs voted to pass the bill in the first reading. The bill still needs to be passed by two more readings and signed by the president to become a law (in case the president vetoes the bill, GD can override the veto with simple majority of votes).

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Outstanding year of achievement in Legal 500 2024

28 March 2024

BGI Legal is delighted to report this year yet again a record number of rankings - totalling 26 - in the Legal 500 2024 edition just published.

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Chambers Europe 2024: BGI Legal celebrates top rankings in Dispute Resolution and General Business Law

18 March 2024

We take much pleasure in announcing that BGI Legal has achieved another year of great success in Chambers Europe 2024 with no other Georgian firm receiving more rankings in the latest guide.

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BGI Legal Achieves Top-Tier Recognition by Chambers and Partners

19 February 2024

BGI Legal has maintained its elite BAND 1 status in the latest Chambers Global Guide, cementing its market leader position for yet another consecutive year.

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Zaza Bibilashvili is able to suggest winning strategies and is active across a range of contentious and non-contentious work, including real estate and intellectual property matters. Previous comments include: BGI Legal fields ‘a team of true professionals with good knowledge of law and a proper understanding of business needs`. It provides full-service support to leading multinational and Georgian clients, handling general legal matters alongside more complex financing, M&A, dispute resolution and capital markets mandates.

Legal 500 - 2016

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