On 30 May 2019, the Parliament of Georgia adopted amendments to the law of Georgia on the Legal Status of Aliens and Stateless Persons (the “Law on Aliens”), which will be effective from 5 July 2019. The amendments to the Law on Aliens change the rules related to granting work residence permit, investment residence permit and short-term

Over the course of last years, the issue of ownership of agricultural lands by foreigners has sparked heated discussions. On 16 December 2018, the new Constitution of Georgia (the “Constitution”) entered into force, which determined that agricultural land, as a resource having significant nature, shall only be owned by the state, self-governing entity, citizen of Georgia or

The World Trade Organization (the WTO) is a Geneva-based international organization with 164 members representing 98 percent of global trade. The idea of the WTO is to promote free trade between nations and ensure that global trade flows within the rules that exist under the framework of the WTO. One of the main functions of this organization

We are excited to introduce Lasha Machavariani, who has joined MG Law as an Intern. Lasha is in the process of obtaining his bachelor’s degree in law from Free University. He has previously completed an internship as an Analytic at Georgians Reforms Association’s project FactCheck. Lasha is a participant of the Annual 26th Willem C. Vis International

MG Law is pleased to welcome its new Associate, Vakhtang Giorgadze. Vakhtang has obtained a Master’s degree in International Dispute Settlement from University of Geneva/Graduate Institute of International and Development Studies, and a Bachelor of laws from Free University of Tbilisi. Among many of Vakhtang’s accomplishments is working as a Young Professional at the Legal Affairs Division,

MG Law Office has been ranked as Tier 1 in Legal 500 EMEA publication. We are a leading law firm in Commercial, Corporate and M&A as well as Dispute Resolution practice areas in Georgia. Archil Giorgadze, Managing Partner, has been designated as “Leading Individual”. We would like to share this success with our clients who have put

JSC Bank of Georgia successfully issued an inaugural $ 100 million AT1 Capital Perpetual Subordinated Notes. The first international offering of AT1 Notes from Georgia and the South Caucasus region were issued in accordance with Regulation S and sold at an issue price of 100.00%. MG Law Office was advising J.P. Morgan Securities plc and UBS AG

Starting from 1 January 2019, companies and organizations that are engaged in business deals with administrative bodies of Georgia are obliged to conduct such affairs via electronic documents signed by qualified electronic signature or qualified electronic stamp through electronic means of communication. As of now, this rule applies to public procurements. In general, the qualified electronic signature

Labor safety regulations in Georgia have become a topic of active discussion leading to adoption of the new Law of Georgia on Labor Safety (the “Law on Labor Safety”). Part of the requirements under the Law on Labor Safety entered into force upon publication on 21 March 2018, while others entered into force from 1 August 2018.

MG Law is always trying to support our community.  This week,  Archil Giorgadze presented a sponsorship certificate to a first year law student at Free University – Mariam Bibiluri, who had distinguished national exam scores. This means that MG Law will cover Mariam’s first year tuition. We are honored to participate in the process of laying down

Blockchain has become an essential modern technology not only for virtual currencies, but it has also demonstrated high potential of revolutionizing daily operations of private business as well as the state entities. The technology represents a cryptographically-secured transaction record created without the intervention of a central authority. Due to its technological peculiarities, blockchain is being considered as

Within the framework of the World Bank Group support to the authorities of Georgia under the Country Partnership Framework and the Financial Sector Deepening and Inclusion Project funded by the FIRST Initiative Trust Fund, MG Law firm assisted the authorities of Georgia to undertake legal review and prepare recommendations for legal changes to support pension reform. Specifically,

Irakli Sokolovski, the Counsel at MG Law Office, advises clients on general corporate matters, local and cross-borders merger and acquisition transactions, complex commercial matters, foreign investments, venture capital financing and regulatory issues. He is experienced in analyzing national laws and regulations, drafting contractual frameworks and negotiating with potential investors and government authorities on public private partnerships. Cooperation

Georgian Law Developments 1. GEORGIA AND ENERGY CHARTER TREATY The 1994 Energy Charter Treaty (“ECT”) ratified by Georgia on 22 February 1995 entered into force on 16 April 1998 (the “Effective Date”). Georgia also became party to the 1994 Protocol on Energy Efficiency and Related Environmental Aspects and the 1998 Amendment to the Trade related provisions of

GEORGIA AND ENERGY CHARTER TREATY The 1994 Energy Charter Treaty (“ECT”) was ratified by Georgia on 22 February 1995 and entered into force on 16 April 1998 (the “Effective Date”). With regard to related agreements, Georgia also became party to the 1994 Protocol on Energy Efficiency and Related Environmental Aspects and the 1998 Amendment to the Trade

New Balance of Interests between Lawful Owners and Good Faith Purchasers INTRODUCTION On 17 October 2017, the Constitutional Court of Georgia rendered an important judgement regarding good faith purchasers of immovable properties in Georgia (the “Judgement”). Before the Judgement, the Civil Code of Georgia (the “Civil Code”) used to be interpreted in an inconsistent way and the