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Tbilisi Free University team, sponsored by MG Law Office and Tbilisi Free University, participated in the Brown-Mosten International Client Consulting Competition. The competition was held in Lublin, Poland At MG Law, we firmly believe in nurturing the potential of the next generation of professionals. We understand the significance of their growth and development, which is why we

On 15 December 2023, the Parliament of Georgia passed the new Law on Securitization (the Law). The Law officially came into effect on April 1, 2024. It provides a legal framework for transforming future receivables from third parties into liquid assets through the issuance of securities. Definition of Securitization Under the Law, securitization is defined as a

 We are pleased to announce the 3rd Edition of The Legal 500: Doing Business In Comparative Guide is now live where MG Law is the exclusive contributor. The Legal 500 Country Comparative Guides are produced in association with the world’s leading attorneys and give a practical overview of regulation in key jurisdictions, for specific practice areas. At MG

In the realm of financial services, particularly within the jurisdiction of Georgia, the operation of payment services is subject to regulatory oversight. This regulatory framework aims to ensure transparency, security, and stability within the payment sector. Central to this regulatory landscape are entities known as Payment System Providers (PSPs), which play a crucial role in facilitating various

MG Law Office has once again solidified its position as a leading law firm in Georgia, receiving recognition from The Legal 500. This acknowledgment reaffirms the firm’s unwavering dedication to excellence and client satisfaction. MG law kept its Tier 1 ranking in Dispute Resolution and top ranking in Commercial, Corporate and M&A in the guide’s 2023 rankings

The Parliament of Georgia recently adopted the new Law of Georgia on Personal Data Protection (the New PDP Law or the New Law). The New PDP Law contributes to Georgia’s fulfillment of international obligations and brings existing legislation in the field of personal data protection closer to the European standards. The New Law has entered into force

On 15 January 2024 the International Agreement on validation of European patents between the Government of Georgia and the European Patent Office (the Validation Agreement) has entered into force. The European Patent Office examines European patent applications and grants European patents respectively. The Validation Agreement ensures a fast and cheap way of obtaining a patent for an

The team from Free University of Tbilisi, supported financially by MG Law Office and Free University of Tbilisi, took part in the international bilingual moot court competition of the Council of Europe (MOOT COURT ON THE EUROPEAN SOCIAL CHARTER). Each team was required to use both English and French languages during the pleadings. The competition took place

MG Law Office is proud to announce that after graduating from Columbia Law School, Tamar Jikia has successfully passed the New York State bar exam. Tamar’s remarkable achievement not only qualifies her for admission in any UBE jurisdiction across the United States but also serves as a testament to her dedication and unwavering commitment to legal excellence.

MG Law Office is thrilled to announce the promotion of two outstanding associates and the addition of a new, highly talented associate to its team. These developments mark a significant milestone in the firm’s journey, showcasing its commitment to growth and excellence. Promotions: We are proud to recognize the dedication and exceptional work of Lasha Machavariani who

We are also delighted to share that Chambers Expert Focus has featured our latest article on their website, titled “Government Incentives to Drive Renewable Energy Investments in Georgia.” The Government of Georgia (GOG) has made the development of a renewable energy (RE) market a top priority. To incentivise investments, the GOG has actively worked on creating a

The Government of Georgia recently submitted a legislative package to the Parliament of Georgia with the aim of implementing new regulations for the organization of gambling and winning games through an online format. The legislative package encompasses amendments to various legislative acts, including but not limited to the following acts: the Law of Georgia on Lotteries, Gambling

We would like to inform you that the Rules for Registration, Deregistration, and Regulation of Virtual Asset Service Providers (VASPs) have been approved. MG LAW actively participated in consultations held by the National Bank of Georgia with specialists and stakeholders in this field. As a result, on June 13, 2023, the President of the National Bank of

Earlier this year the Parliament of Georgia adopted the Law of Georgia on Microbanks (hereinafter the “Law”) establishing a new financial institute in Georgia. The main reason for the adoption of the Law was the institutional development and strengthening of the non-banking financial sector by the National Bank of Georgia (“NBG”). Moreover, compared to microfinance organizations, the

Smart contracts have evolved as a game-changing option for safe and automated transactions in the dynamic world of blockchain technology. These self-executing contracts that are stored on the blockchain offer increased efficiency, transparency, and mutual trust. But even in the world of smart contracts, disagreements can occur as with any contract. This is when a novel approach

MG Law is proud to announce that we have moved up the ranks in the latest Chambers Europe release, now standing strong in Band 2. We are thrilled to share this incredible achievement with our Managing Partner, Archil Giorgadze, who has received exceptional feedback from Chambers. Archil has been praised for his extensive experience, client-oriented approach, and keen

We are pleased to announce that MG Law advised Tbilvino on transaction based on which agreement was signed by the European Bank for Reconstruction and Development, TBC and Tbilvino. With the trust and support of these financial organizations, a loan of 12 million GEL was allocated for the further development of Tbilvino. Funding will be used for

INTRODUCTION On 9 September 2022, the Parliament of Georgia announced the framework of a new regulatory regime for virtual assets and associated services that will be effective from 1 January 2023 (the Amendments). The package of the Amendments will bring more clarity to the digital asset industry in Georgia. Mainly, the Amendments were made to the Organic

In light of its obligation to approximate the laws of Georgia with European Union law under the Association Agreement concluded between Georgia and European Union, new law on the protection of consumer’s rights has been adopted. Particularly, on 29 March 2022 the Parliament of Georgia passed the Law of Georgia on the Protection of Consumer’s Rights (the