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Luxembourg has continuously been an attractive hub within the EU for its financial services activities. Today, Luxembourg is emerging as a hub for FinTech and RegTech. Its pragmatic approach to laws and regulations was already demonstrated in 2013-2014 when the country’s financial sector regulator took an early stance on the regulation of virtual currencies and […]

Switzerland has been leading the efforts in the global adoption of tokenized digital assets and has recently amended its Code of Obligations to welcome crypto currencies and blockchain technology into mainstream adoption. While Switzerland is not the first country to enact extensive blockchain legislation it became one of the the first major financial centers with

Andersen Georgia, through the contribution of partners Archil Giorgadze and Nicola Mariani, joined by senior associates Ana Kochiashvili, Tamar Jikia, associate Mariam Kalandadze, junior associate Ana Jikia and paralegal Lasha Machavariani is partnering with Georgia Today on a regular section of the paper which will provide updated information regarding significant legal changes and developments in

Andersen Georgia, through the contribution of partners Archil Giorgadze and Nicola Mariani, joined by senior associates Ana Kochiashvili, Tamar Jikia, associate Mariam Kalandadze, Junior Associate Ana Jikia and Paralegal Lasha Machavariani is partnering with Georgia Today on a regular section of the paper which will provide updated information regarding significant legal changes and developments in

Today the world is facing a new challenge – to prevent the spread of the novel virus COVID -19 (the virus). The outbreak of the virus first occurred in Wuhan, China in 2019 and has spread worldwide since. On 11 March 2020, the World Health Organization declared the virus to be a pandemic. The first

Investors purchase shares to obtain return on their investment. They expect to obtain profit on their investment in the form of regular dividends. In many cases for minority shareholders the dividends are the only form of return on specific business investments. Minority shareholders have limited control over the decisions of the corporate directors and the

MG Law Office, through the contribution of partners Archil Giorgadze and Nicola Mariani, joined by senior associates Ana Kochiashvili and Tamar Jikia and associates Mariam Kalandadze and Vakhtang Giorgadze and paralegal Lasha Machavariani is partnering with GEORGIA TODAY on a regular section of the paper which will provide updated information regarding significant legal changes and

On 30 May 2019, the Parliament of Georgia adopted amendments to the law of Georgia on the Legal Status of Aliens and Stateless Persons (the “Law on Aliens”), which will be effective from 5 July 2019. The amendments to the Law on Aliens change the rules related to granting work residence permit, investment residence permit

Over the course of last years, the issue of ownership of agricultural lands by foreigners has sparked heated discussions. On 16 December 2018, the new Constitution of Georgia (the “Constitution”) entered into force, which determined that agricultural land, as a resource having significant nature, shall only be owned by the state, self-governing entity, citizen of