Issue 12, 29 December 2005
Rules for issuing the Licenses and the License Terms in the Insurance Field, as approved by Resolution No: 183 of the Government of Georgia, dated 14 October 2005, regulates licensing terms and conditions and below is a brief summary of the said act:
Issue 11, 12 August, 2005
The Law on Making Changes and Amendments to the Georgian Civil Codedated 30 June 2005 distinguishes two forms of security interest: (a) possessed security interests, when based on the relevant agreement of the parties secured property is transferred in the possession of the secured creditor (pledgor) and (b) registered security interest created on the basis of the notarized agreement and further registered in the Public Register.
Issue 10, 24 June, 2005
Amendments to the Law of Georgia on Courts of General Jurisdiction
Amendments to the Law of Georgia on Courts of General Jurisdiction dated 20 April 2005, has newly determined the following tiers of the courts of general jurisdiction of Georgia: regional (city) courts, district courts, supreme courts of autonomous republics and the Supreme Court of Georgia.
21 October, 2002
It is beyond any doubt, that a range of novelties have been introduced and being approbated in the developed economic systems over the last decades which, if introduced in our systems, would greatly contribute to a rapid development of Georgian economy.
December, 2000. Victor Kipiani, Partner at MKD
It is beyond any doubt that contemporary Caucasian states are becoming of increasing importance for the global economy due to potentially substantial energy resources of Caspian area. Needless to say, that Baku-Tbilisi-Ceyhan and Transcaspian Natural Gas projects occupy daily worldwide news, thus emphasizing special significance for studying relevant legislation of Azerbaijan, as the main oil supplier to the world market, and Georgia, as the main transit country and key pillar for successful implementation of the above politically and financially important projects.