MG Law has been recognized as one of the top firms in Georgia in the field of General Business Law by Chambers Global. Our clients have praised our firm for: “Attentive, responsive and timely service with easy access to senior partners.” Our Managing Partner Archil Giorgadze has also been ranked among the top professionals in Georgia in
In a strategic move to attract foreign investment and strengthen its position in the global gambling industry, the Parliament of Georgia (the Parliament) has recently passed amendments to the tax laws governing online gambling (the Amendments). Adopted on 27 June 2024, the Amendments introduce more favorable tax conditions for entities operating online gambling websites in Georgia for
We are proud to announce that Tamar Jikia has recently been admitted to the New York State Bar. This achievement marks a significant milestone for both her and the firm. With her new qualification, Tamar is now licensed to practice law in both Georgia and the state of New York, expanding her capacity to serve clients across
The popularity of consumer arbitration around the world is growing day by day. Consumer arbitration enables businesses and their consumers to submit disputes to an impartial third party, such as an arbitral institution. Consumer arbitration legislation is regulated differently in the European Union and in Georgia. Consumer Arbitration in EU In the European Union, the procedure for
The legislation of Georgia provides safeguards for intellectual property both on an individual and collective basis. Individual protection entails acquiring authorization for the lawful use of a work by signing individual contract with the rights holder, while collective protection implies concluding a contract with an organization that manages property rights on a collective basis. In addition to
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
