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
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
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
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
MG Law Office is delighted to announce the promotion of Ana Jikia to Associate. Ana has held the role of Junior Associate since 2020, proving herself to be a core member of our legal team. Ana focuses her practice on general corporate and commercial law matters. She is involved in researching and analysing domestic laws and regulations,
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
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
Lasha has held the role of Junior Associate since 2020 and his promotion will be effective as of 1 May 2022. Lasha focuses his practice on employment, litigation, corporate and securities matters with a particular emphasis on corporate governance. Prior to joining MG Law, he worked at a non-governmental organization as a legal analyst. Lasha holds an
Ana has held the role of Senior Associate since 2018 and her promotion will be effective as of 1 May 2022. A key member of the legal team, Ana focuses her practice on general corporate and commercial law matters. She is involved in researching and analysing domestic laws and regulations, negotiating clearance for acquisitions, mergers, and joint
MG Law Office has once again been recognized as one of the leading law firms in Georgia by The Legal 500. We kept our Tier 1 rankings in Commercial, Corporate and M&A, and Dispute Resolution, as well as our individual rankings in the guide’s 2022 rankings for Europe, Middle East and Africa (EMEA). Archil Giorgadze – Managing
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
