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Dentons has advised City Loft LLC, the owner of Adjarabet, the market leader in online betting and gaming in the regulated market in Georgia, on Adjarabet’s EUR 206million acquisition by Paddy Power Betfair plc of an initial 51% controlling stake.

Adjarabet is licensed to offer a full suite of online betting and gaming products in Georgia including casino, sports, poker and peer-to-peer games. During 2017, the business also launched in the regulated Armenian online market.

Avto Svanidze, head of the Tbilisi corporate team commented: “Dentons is proud to have been part of the advising team. Taking the overall size of the transaction this was likely one of, if not the largest ever Georgian M&A transaction.”

For more information, please see Dentons official website: www.dentons.com 

About Dentons

Dentons is the world’s largest law firm, delivering quality and value to clients around the globe. Dentons is a leader on the Acritas Global Elite Brand Index, a BTI Client Service 30 Award winner and recognized by prominent business and legal publications for its innovations in client service, including founding Nextlaw Labs and the Nextlaw Global Referral Network. Dentons’ polycentric approach and world-class talent challenge the status quo to advance client interests in the communities in which we live and work. www.dentons.com

 


From the day of restoration of independence, Georgia has encountered difficulties, progressed economically and is still developing. Over the last decades, efforts of a small number of existing Georgian business companies have clearly shown us that in the near future Georgia may become a country adhering to modern European standards. Achieving this goal is a difficult process, but by joining forces and efforts, Georgia may become a leading country in the region.

One of those successful companies is TBC Bank. It is always a hard task for a bank in the developing countries to gain popularity. However, “TBC” is a Bank Institution managed to achieve significant success. Listing of its shares on London Stock Exchange is a proof that our country has strong financial institutions, particularly in the banking sector.

Therefore, we express our concern over the current difficult situation around the top management of TBC Bank and we appeal for a transparent study and investigation of the issue. We regret that this concerns not only TBC Bank, but also has potential for damaging the image of the country itself and its future economic development.

Needless to say, based on the rule of law, all the actions and processes must be proper and transparent, at all times subject to due process. Furthermore, delays with the investigation of the case will harm not only the government, but the general interests of the country as well.

According to the statement of TBC Bank, well known International Law Firm
Dentons is also involved in the process.

EU-Georgia Business Council will act in accordance with fair interest of its member company and, in case of need by the consent of Prosecutor’s Office, expresses its readiness to be engage in the process and to be created monitoring commission of the business representatives composed by 8 members (Investors Council members Business Associations, Business Ombudsman, representatives of Prosecutors office and National bank).

We express hope and trust that the case be handling with utmost efficiency and be transparent to the public in general as well as for the business sector.

EU-Georgia Business Council will act in accordance with fair interest of its member company and, in case of need by the consent of Prosecutor’s Office, expresses its readiness to be engage in the process and to be created monitoring commission of the business representatives composed by 8 members (Investors Council member Business Associations, Business Ombudsman, representatives of Prosecutors office and National bank).

We express hope and trust that the case be handling with utmost efficiency and be transparent to the public in general as well as for the business sector.  Continue reading


EVENTS

On July 12, EU-Georgia Business Council (EUGBC) in close cooperation with the Ministry of Foreign Affairs of Georgia and Embassy of Georgia to the Republic of Poland, organized Polish-Georgian Business Forum in Warsaw, Poland. General Partner of the event is IBC Corporate Solutions.

At the opening of the forum, Mr. Zviad Chumburidze, General Secretary of the EU-Georgia Business Council, as well as Deputy Chairman of the Parliament of Georgia, Giorgi Volski, Deputy Minister of Foreign Affairs of Georgia, Giorgi Sharvashidze and Ambassador of Georgia to Poland, Ilia Darchiashvili delivered a speech.  Continue reading


On 24 April, 2018, EU-Georgia Business Council held conference titled RENEWABLE ENERGY DEVELOPMENT – THE WAY FOR SECURING ENERGY INDEPENDENCE.

The event was opened by the Secretary General of the EU-Georgia Business Council, Zviad Chumburidze together with Regional Director of BP, Chris Schlueter. Carlo Natale, Deputy Head of the EU Delegation to Georgia, also delivered opening speech. Representatives of about 80 local and foreign companies, as well as, representatives of the relevant Governmental Bodies, experts and diplomats participated in the conference.

During the working session, attendees discussed prospects of Renewable Energy in Georgia, including wind, solar and hydro power development. EUGBC member and partner energy companies presented its ongoing and future specific energy projects in Georgia. Energy conference was held with the support of the companies BP, ხარიზმა/Kharizma Sarajishvili and Norwegian company “Hexagon”. Continue reading


UPCOMING EVENTS


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