News and Publications

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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Andersen Global enters the Georgian Market

Andersen Global enters the Georgian market through a Collaboration Agreement with Tbilisi-based law firm MG Law Office, further expanding the organization’s coverage in the region   MG Law, ranked Tier 1 by Legal 500, provides legal services to local and foreign companies, financial institutions, investment funds, governments and public enterprises. Led by its Founder and Managing Partner Archil Giorgadze

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COVID Times: A unique opportunity to transform our judicial system and the way matters are litigated.

MG LAW OFFICE, THROUGH THE CONTRIBUTION OF PARTNERS ARCHIL GIORGADZE AND NICOLA MARIANI, JOINED BY SENIOR ASSOCIATES ANA KOCHIASHVILI, TAMAR JIKIA, ASSOCIATE MARIAM KALANDADZE, JUNIOR ASSOCIATES ANA JIKIA, LASHA MACHAVARIANI AND NINO SAKVARELIDZE IS PARTNERING WITH BUSINESS MEDIA GEORGIA WHICH WILL PROVIDE INFORMATION REGARDING SIGNIFICANT LEGAL CHANGES AND ISSUES. IN PARTICULAR, WE WILL HIGHLIGHT SIGNIFICANT ISSUES THAT

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Cashback on Investments in Georgia

Georgia fights back against the pandemic and introduces a state program for Foreign Direct Investment Grant. This program grants investors who qualify to receive cashback of up to GEL 1 million on their investments. Yesterday, the Government of Georgia approved a program that will be implemented through the reputable agency Enterprise Georgia which has a strong track

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MG Law is joining AEA ASSOCIATION OF EUROPEAN LAWYERS

We are glad to announce that MG Law is joining AEA ASSOCIATION OF EUROPEAN LAWYERS as the first Georgian law-firm, becoming a member the largest international network of lawyers. AEA has been functioning since 2004 and has 405 offices with a total of around 3.000 lawyers marked on their map. The main goal of the AEA is

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Luxembourg Crypto Regulations

Luxembourg has continuously been an attractive hub within the EU for its financial services activities. Today, Luxembourg is emerging as a hub for FinTech and RegTech. Its pragmatic approach to laws and regulations was already demonstrated in 2013-2014 when the country’s financial sector regulator took an early stance on the regulation of virtual currencies and authorized several

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New Tax Benefits for IT, Transportation and Logistics Companies in Georgia

The Tax Code of Georgia (the Tax Code) was amended in July 2019 to provide specific taxation benefits for international companies. Nevertheless, until today Georgian legislation did not prescribe the criteria for qualifying as an international company and enjoying benefits that the Tax Code exceptionally grants to them. On 8 October 2020, the Government of Georgia introduced

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