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Allen Overy Shearman Sterling has advised Citigroup Global Markets Europe, Goldman Sachs Bank Europe, and J.P. Morgan as joint bookrunners and joint lead managers, as well as The Law Debenture Trust Corporation as trustee, on the EUR 700 million issuance of 8% senior guaranteed green notes by Energo-Pro. Tsvetkova Bebov & Partners, member of Eversheds Sutherland, advised the issuer. BLC Law Office and White & Case and its Turkish affiliate law firm GKC Partners reportedly advised the issuer and guarantors. Boyanov & Co, and reportedly BGI Advisory Services, advised the joint bookrunners, the joint lead managers, and the trustee as well.

Georgia’s legal and business landscape remains heavily influenced by political turbulence, according to BLC Law Office Managing Partner Ketti Kvartskhava, who reports ongoing instability, controversial legislation, and heightened uncertainty surrounding the country’s EU integration prospects.

Georgia’s political and judicial challenges are impacting lawyers, particularly with attempts to introduce FARA-style regulations in a way that could restrict their work, according to J&T Consulting Partner Otar Machaidze. Legal work is stagnating and businesses are waiting for stability while the new convention on lawyers offers a rare glimmer of hope.

Georgia’s post-election turbulence has cast a shadow over its business and legal landscape, with pro-EU momentum suspended as of now and investor confidence somewhat shaken, PwC Legal Director and Head of Legal Vano Gogelia reports. Despite the uncertainty, key sectors like construction, infrastructure, and energy remain active, providing cautious optimism amidst widespread challenges.