The legislation of Georgia provides safeguards for intellectual property both on an individual and collective basis. Individual protection means getting permission to use a work. This happens by signing a contract with the rights holder. In contrast, collective protection implies concluding a contract with an organization that manages property rights on a collective basis. Framework
Consumer arbitration is gaining popularity globally as a practical and efficient method for resolving disputes between businesses and consumers. It allows both parties to submit conflicts to an impartial third party, typically an arbitral institution, without going through lengthy court proceedings. However, consumer arbitration legislation differs significantly between the European Union and Georgia. Consumer Arbitration
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In the realm of financial services, particularly within the jurisdiction of Georgia, the operation of payment services is subject to regulatory oversight. This regulatory framework aims to ensure transparency, security, and stability within the payment sector. Central to this regulatory landscape are entities known as Payment System Providers (PSPs), which play a crucial role in
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The Government of Georgia recently submitted a legislative package to the Parliament of Georgia with the aim of implementing new regulations for the organization of gambling and winning games through an online format. The legislative package encompasses amendments to various legislative acts, including but not limited to the following acts: the Law of Georgia on
Georgia Introduces Amendments to Gambling Law to Regulate Online Gaming Read More »
The Law on Entrepreneurs in Georgia establishes the legal framework for forming and managing companies, including limited liability companies (LLCs) and joint-stock companies (JSCs). It aligns corporate regulations with international best practices and European standards. The law provides clear guidance on company names, shareholder contributions, capital requirements, and corporate governance, making it essential knowledge for
Company Formation in Georgia: Key Rules under the Entrepreneurs Law Read More »
According to the latest practice of LEPL National Agency of the Public Registry (Public Registry), documents issued and apostilled abroad are subject to additional verification procedure. In particular, Public Registry tends to submit relevant documents for the review of either the Ministry of Foreign Affairs of Georgia (MOFA) or relevant embassies/consulates and suspends registration process
The release of the COVID-19 vaccine has been topping the list of the most anticipated events this year. Considering the global damage that the pandemic has inflicted, the international community agrees on the urgency of the vaccine. As of December 2020, more than 190 vaccines have been reported at various stages of clinical evaluations. Out
Liability and Protection of Vaccine Manufacturers Read More »
Blockchain has become an essential modern technology not only for virtual currencies, but it has also demonstrated high potential of revolutionizing daily operations of private business as well as the state entities. The technology represents a cryptographically-secured transaction record created without the intervention of a central authority. Due to its technological peculiarities, blockchain is being