News and Publications

MG Law advised Tbilvino on transaction based on which agreement was signed by the European Bank for Reconstruction and Development, TBC and Tbilvino.

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

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We are happy to announce that our partner George Svanadze has been elected as a board member of American Chamber of Commerce in Georgia.

We are happy to announce that our partner – George Svanadze – has been elected as a board member of American Chamber of Commerce in Georgia. We want to convey our congratulations to newly elected board members and wish successful cooperation for the best interests of American Chamber of Commerce in Georgia. For more information, please follow

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New Law on the Protection of Consumer’s Rights

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

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Dubai: the novel Virtual Company License

It is evident that there is a fierce competition between jurisdictions to attract entrepreneurs, compelling the legislators to adapt to the continuously evolving demands of the businesses to obtain simple and convenient legal solutions for conducting their activities. In response to the major shift from physical to remote business and employment structures in the past decade, many

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NEW REGULATIONS FOR BUSINESS SECTOR

Pursuant to new regulations in Georgia, by June 1, 2023, certain companies must ensure compliance with the requirements relating to photo and video surveillance of their facilities. Particularly, on March 2, 2022, the Government of Georgia adopted a new No. 101 ordinance “on the approval of the technical features of the automatic photo and/or video equipment and

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Recent Developments in Virtual Assets Regulations in Dubai

A recent rise of digital economy incentivised many countries to join the race of making their jurisdictions attractive for entrepreneurs and businesses operating in this field. A notable example is the United Arab Emirates, where the Emirate of Dubai recently adopted a new law to promote the Emirate as a regional and international hub for virtual assets

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Company Formation under the New Law of Georgia on Entrepreneurs

Company Formation under the New Law of Georgia on Entrepreneurs The new Law of Georgia on Entrepreneurs (the “Law”) became effective on 1 January 2022 and replaced its predecessor the Georgian Law on Entrepreneurs which was enacted in 1994. The Law aims to create a uniform and transparent legal framework for corporations, their shareholders, directors, creditors, and

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Unilateral Termination of Registered Lease Agreement

Due to the practice of the National Agency of Public Registry of the Ministry of Justice of Georgia (the Public Registry), the unilateral right of the landlord to terminate registration of the lease agreement upon early termination of the agreement, cannot be enforced. A lease agreement with more than one-year term in Georgia requires registration with the

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New Practice of the Public Registry

According to the latest practice of LEPL National Agency of the Public Registry (Public Registry), documents issued and apostilled abroad are subject to additional verification procedure. In particular, Public Registry tends to submit relevant documents for the review of either the Ministry of Foreign Affairs of Georgia (MOFA) or relevant embassies/consulates and suspends registration process until they

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Tier 1 Law Firm MG Law (an Andersen Global Collaborating Law Firm) Continues its Growth and Welcomes George Svanadze as a New Partner

Following its integration into the Andersen Global network as collaborating law firm (https://mglaw.ge/2020/12/04/andersen-global-enters-the-georgian-market/) MG law grows to three senior partners with the addition of George Svanadze alongside Nicola Mariani and Archil Giorgadze. MG Law hereby announces the appointment of Senior Partner – George Svanadze PhD., LL.M., MLB (Bucerius/WHU) effective immediately. George is a Georgian qualified attorney-at-law with

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Reform of the Georgian Tax Code – New VAT Rules

Value added tax (VAT) is one of the most essential taxes in Georgia. In 2019, VAT corresponded to 44% of the tax revenues of the Georgian budget. It may be concluded that VAT is one of the strongest instruments of the Georgian fiscal policy and has a significant potential of impacting an economic activity. This could in

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Workbook on Legal Writing, Co-authored by our Senior Associates

MG Law is happy to announce that the Workbook on Legal Writing, co-authored by our senior associates, Ana Kochiashvili and Tamar Jikia, is now available. The Workbook aims to equip emerging lawyers with the essential skills to navigate throughout their legal careers and offers variety of practical assignments. It represents an easy-to-use guide for law students to

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