BLC had a very strong 2010 which saw it break into the capital markets with a string of mandates for state entities. The firm is the only one with an office in Batumi....
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BLC had a very strong 2010 which saw it break into the capital markets with a string of mandates for state entities. The firm is the only one with an office in Batumi.
Clients speak highly of the firm, according to one: "We had a good experience; we hired them to execute an international finance agreement and were really impressed with their assistance, more than satisfied, we both learnt a lot working together."
Another client says the firm is "always available, no issues ever, ready to communicate always... good network and good on cross border work opposite international financial institutions and investors".
Levan Dadiani is recommended by clients for being "very educated and experienced, top quality contributions... very good" and "smart and competent". Alex Bolkvadze is reputedly strong in energy matters while Ketti Kvartskhava is described by a peer as "a very impressive litigator, very charming and very good with clients".
The firm scored a coup with its role on the first ever bond issuance by a Georgian government entity, with Dadiani and Bolkvadze advising Georgian Railways alongside Dewey & LeBeouf on its $250 million Eurobond issuance. The firm also worked with Dewey & LeBeouf and Baker & McKenzie on two other issuances for the Bank of Georgia and a sovereign bond for $200 million and $500 million respectively.
The firm, with Bolkvadze in the lead, was active in energy, handling 85% of all investments in the sector among them advising Anadolu Group, on the construction of the 85MW Paravani hydro-power plant (HPP) in Southern Georgia, Kolin Construction and Limak Holding on a tender for the construction and operation of 104MW HPP cascade on the river Tekhuri and JV Group on a the regarding the construction and operation of 450MW HPP in Namakhvani.
On the finance side, the firm has continued to advise HSBC Georgia and recently helped the European Bank of Reconstruction and Development (EBRD) on an $18 million loan to retailer Populi and Georgian Railways for a $100 million loan from the EBRD.
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