In the 2025 edition of IFLR1000, Dentons’ Tbilisi office has maintained a strong position across key financial and corporate transactional practices in Georgia.

The firm continues to be ranked Tier 1 for both practice areas covered for Georgia – Financial and Corporate and Project Development.  Dentons’ Tbilisi practice both partners received prestigious Market Leader (Avto Svanidze) and Highly Regarded (Otar Kipshidze) rankings. Additionally, two our senior associates – Neli Tsivtsivadze and Sopho Mebonia are recognized as Rising Stars.  This result underscores our commitment to delivering exceptional legal services and innovative solutions to clients navigating complex transactions on the market .

Otar Kipshidze commented: “Another major success for our office. Dentons Georgia is again ranked in Tier 1 in both practice areas covered for Georgia by IFLR 1000. In addition to firm rankings, we have 4 individual rankings, which demonstrates our strength and market standing. Well done Avto Svanidze, Neli Tsivtsivadze and Sopho Mebonia. Many thanks and congratulations to our team for their hard work and dedication. And many thanks to our clients and peers for their support and recommendation!”

IFLR1000 is a leading international legal market research product specialised in ranking financial and corporate law firms and lawyers.

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The cross-border team of Dentons, the world’s largest global law firm, has advised Silk Road Group Holding LLC (SRGH LLC) on its inaugural Rule 144A/Reg S bond issue of US$400 million 7.500% guaranteed high yield notes due 2030 (the New Issue).

J.P. Morgan and UBS Investment Bank acted as joint bookrunners and joint lead managers, and Galt & Taggart, Oppenheimer, and TBC Capital were joint lead managers for the New Issue.

The bond is currently guaranteed by seven of SRGH LLC’s subsidiaries, including JSC Silknet (Silknet).

Dentons also advised on the concurrent tender offer by SRGH LLC in respect of Silknet’s then-existing unsecured notes maturing in 2027 (the Tender Offer) and related consent solicitation.

Dentons previously advised the Georgian-based telecommunication company on the issue of these notes in 2022. A portion of the proceeds from the New Issue were used to finance the purchase of the existing notes which were the subject of the Tender Offer.

Dentons provided capital markets legal advice both through its London and Tbilisi offices. The transaction was led by Tbilisi-based Corporate partner Avto Svanidze, London-based partner and Head of Dentons’ Banking and Financial Services Division, Nick Hayday, London-based high yield finance partner Colin Chang and capital markets and US securities partner Cameron Half.

SRGH LLC’s CFO Nona Onani said: “We are pleased to have successfully brought this bond to market alongside the completion of the tender offer for our subsidiary, Silknet, marking another important milestone. Dentons’ commitment and expertise in London and Tbilisi were instrumental in achieving these results.”

Nick Hayday said: “We are delighted to have acted for the Silk Road team on this fantastic dual transaction. The successful delivery of the new bond issue and concurrent tender offer reflect Dentons’ ability to deliver on complex debt capital markets transactions.”

Avto Svanidze commented: Congratulations to Silk Road Group Holding LLC on the successful issuance of US$400 million eurobonds. Dentons is proud to be part of this great deal. Special thanks to our team in Tbilisi Neli Tsivtsivadze, Sopho Mebonia, Natela Otaridze and others who worked very hard to make this happen alongside Dentons London team, banks and other counsels involved.”

About Dentons

Redefining possibilities. Together, everywhere. For more information visit dentons.com