17 May, 2012
Mgaloblishvili Kipiani Dzidziguri (MKD) acted as a legal counsel to the Black Sea Trade and Development Bank (BSTDB) on allocating a credit line to two Georgian banks under its Trade Finance program for Georgia. The agreement signed provides for facility of USD 5 million to KSB Bank and USD 4 million to Basisbank.
The deal will help to increase competitiveness of Georgian exporting and importing companies, mainly SMEs, and will promote regional trade.
MKD’s transaction team was led by Victor Kipiani and further assisted by Giorgi Kankava MKD lawyer in drafting transaction documents and advising on various aspects of application of the local regulatory framework.