Company & Commercial, Georgia updates

New requirements for single-shareholder companies and statutory pre-emption rights
  • Georgia
  • 09 October 2017

Georgia has sought over the past 15 years to have one of the most modern, user-friendly legal systems among the countries of the former Soviet Union. Amendments have recently been made to the Law on Entrepreneurs, which is the principal source of law in relation to all business entities, including companies, partnerships and unincorporated sole traders. The amendments impose new requirements for single-member companies and strengthen the pre-emption rights of shareholders.

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