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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this bill, GD revived an almost identical bill initiated in the Parliament in February 2023, which was effectively withdrawn after massive public protests in March 2023 accompanied by a public promise by the then GD chairman, the current Prime Minister Irakli Kobakhidze, that the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 a highly respected corporate and disputes lawyer with significant practical experience in real estate transactions. Clients note his creativity and availability.

Chambers Global - 2018
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

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