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Paine Stevens LLC | Georgia | 9 Feb 2018

Constitutional Court sets out new standard for purchase of real estate in Georgia

The Constitutional Court recently considered issues raised in the decision of a lower court in which the legal presumption of accuracy and completeness of entries in the Public Register in relation to real estate was declared in part unconstitutional. The decision may have a significant, adverse impact on the real estate market in Georgia and will be relevant to any real estate transaction,......
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Paine Stevens LLC | Georgia | 9 Oct 2017

New requirements for single-shareholder companies and statutory pre-emption rights

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......
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Sidley Austin LLP | Georgia, Moldova, Russia, etc. | 16 Jan 2015

Sanctions against Russia increase

President Obama has signed into law the Ukraine Freedom Support Act of 2014, which authorises further sanctions against parties in Russia, as well as military assistance for Ukraine. The act requires the imposition of sanctions with respect to certain Russian weapons exporters and authorises – but does not require – the imposition of sanctions and export controls against Russia's energy sector.
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Elias Neocleous & Co LLC | Cyprus, Georgia | 16 Jul 2014

New agreement on merchant shipping between Cyprus and Georgia

The new agreement on merchant shipping between Cyprus and Georgia recently entered into force. Its main provisions tackle issues of equivalent treatment, parallel registration, crew facilities, shipwrecks and accidents and remittance of income.
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