Legal Publications

As Georgia continues to position itself as a business-friendly jurisdiction and a regional hub for investment and innovation, hiring foreign employees by local companies is becoming increasingly common. Georgian labor and immigration laws establish a clear, albeit straightforward, framework for employing foreign citizens. This article outlines the key legal requirements for hiring foreign employees in […]

Georgia has established a legal framework governing securitization, a process that enables the transformation of future receivables into liquid financial instruments. The Law on Securitization outlines how entities can package income-generating assets and offer them to investors through structured instruments. The framework sets clear rules for key participants, including originators (Initiators), securitization vehicles (Securitization Entities),

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

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

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 has introduced a regulatory framework for virtual assets and related services to bring legal clarity to the digital asset industry. The framework is primarily based on amendments to two key laws: These legal updates establish clear definitions, responsibilities, and compliance standards for entities operating in the virtual asset sector. Before the Amendments were adopted,

In light of its obligation to approximate the laws of Georgia with European Union law under the Association Agreement concluded between Georgia and European Union, new law on the protection of consumer’s rights has been adopted. Particularly, on 29 March 2022 the Parliament of Georgia passed the Law of Georgia on the Protection of Consumer’s

It is evident that there is a fierce competition between jurisdictions to attract entrepreneurs, compelling the legislators to adapt to the continuously evolving demands of the businesses to obtain simple and convenient legal solutions for conducting their activities. In response to the major shift from physical to remote business and employment structures in the past

Pursuant to new regulations in Georgia, by June 1, 2023, certain companies must ensure compliance with the requirements relating to photo and video surveillance of their facilities. Particularly, on March 2, 2022, the Government of Georgia adopted a new No. 101 ordinance “on the approval of the technical features of the automatic photo and/or video