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Mgaloblishvili Kipiani Dzidziguri
(MKD) law firm
71 Vazha Pshavela Ave.,
floor 4th, office 24
Business Center on Vazha (BCV)
0186 Tbilisi, Georgia
T: (+995 32) 2553880, 2973880
F: (+995 32) 2973884
E-mail: info@mkd.ge

Loopholes in FIZ Legislation Add to Potential Investor Risk

Issue 1, 2010, February-March, Magazine Investor.ge  

A report prepared by Irakli Sokolovski, Lawyer MKD, outlines possible solutions to a potential problem.

In 2008 Georgia passed a set of legislative acts concerning the establishment of Free Industrial Zones (the “FIZ”) within Georgia’s territory. For Georgia, the introduction of FIZ legislation has both policy and infrastructure rationale: FIZ is perceived as an instrument to promote economic growth, enhance industrial competitiveness and attract foreign direct investment.

Georgia Still Unclear on Data Protection

January, 2010. Bulletin DP@CIS, issue 1. Irakli Sokolovski, Lawyer MKD

It is almost two decades since Georgia has undertaken the revolutionary steps aiming the fundamental reforms of Georgian legislation and its compliance with the newly emerged tendencies. Legislative measures have concerned almost all vital spheres of social, economical and political life. However, the said is not true for the issue of data protection. It seems that business or ethical rationale behind the comprehensive scheme of data protection is not well understood yet in Georgia.

Who do companies register as off-shore entities?

Issue I, 2008, February-March. Mariam Antia, Lawyer MKD

AmCham hits the beach to find out the pros – and cons – of being an off-shore business. This is the eleventh column in a series dedicated to answering all of your questions about anything Georgian – from business law to driving practices. Send your inquires to us.

A quick look at the countries of origin for some of the top investors from 2007 is a little startling: Gibraltar? The British Virgin Islands? More and more companies are taking advantage of the exotic (and not so much) tax havens around the world; Georgia’s foreign investors included.

Mining

2006, July. Contributor to “Mining in 28 Jurisdictions worldwide” (published by Law Business Research Ltd)
                   Victor Kipiani, Partner, Irakli Mgaloblishvili, Partner, David Archvadze, Senior Lawyer, Mariam Antia Associate

Mining Industry

1.What is the nature and importanca of the mining industry?
It has to be noted that mining has been one of the leading spheres of industry in Georgia for decades, due to the existence of a wide range of high-quality mines. Georgia mainly produces manganum, as well as copper concentrate and gold dore. There is an important coal mine in Tkibuli in western Georgia.

Mining

2005, July. Contributor to “Mining Regulation of exploration and exrtaction in 28 Jurisdictions worldwide” (published by
                   Law Business
Research Ltd) Victor Kipiani, Partner, Irakli Mgaloblishvili, Partner,  David Archvadze, Senior
                   Lawyer, Mariam Antia Associate

Mining industry

1. What is the nature and importance of the mining industry?

It has to be noted that mining has been one of the leading spheres of industry in Georgia for decades, due to the existence of a wide range of high-quality mines. Georgia mainly produces manganum, as well as copper concentrate and gold doré. There is an important coal mine in Tkibuli in western Georgia.

Oil Regulation

2005, Contributor to “Oil Regulation in 11 Jurisdictions” (published by Global Competition Review in 2005)
          Victor Kipiani, Partner, Irakli Mgaloblishvili, Partner, Mikheil Gogeshvili, Lawyer and Mariam Antia Associate

General
1. Describe, in general terms, the key commercial aspects of the oil sector in your country.

Currently there are 15 oil deposits in the territory of Georgia. Estimated oil reserves for 1 September 1995 amounted to 580 million tons (383 million is accounted to onshore oil deposits and 107 offshore (Black Sea) deposits). An increase in estimated oil reserves has not been observed in Georgia for the last decade.

More Articles...

  1. Gas Regulation
                                                              


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