TEST YOUR KNOWLEDGE

TEST YOUR KNOWLEDGE

High Council of Justice of Georgia

High Council of Justice of Georgia

High School of Justice of Georgia

High School of Justice of Georgia

Disciplinary Committee of Judges of Common Courts of Georgia

Disciplinary Committee of Judges of Common Courts of Georgia

Georgian Bar Association

Georgian Bar Association

Coalition for an Independent and Transparent Judiciary

Coalition for an Independent and Transparent Judiciary

National Center for Commercial Law

National Center for Commercial Law

National Center for Alternative Dispute Resolution

National Center for Alternative Dispute Resolution

Arbitration Initiative Georgia

Arbitration Initiative Georgia

USAID/PROLoG Supports Presentation of Regulatory Impact Assessment Report on Draft Law on Entrepreneurs

04 May 2018 USAID/PROLoG Supports Presentation of Regulatory Impact Assessment Report on Draft Law on Entrepreneurs

On May 2, USAID/PROLoG, in cooperation with the Ministry of Justice (MoJ) and the German Society for International Cooperation (GIZ), supported a presentation at the ISET Policy Institute of the main principles of the draft Law on Entrepreneurs (LoE) and the Regulatory Impact Assessment (RIA) of the draft LoE.

Alexander Baramidze, Deputy Minister of Justice, Mark Mitchell, Acting Deputy Mission Director at USAID/Georgia, and Dr. Thomas Meyer, Program Director of the GIZ Program “Legal Approximation Towards European Standards in the South Caucasus“ welcomed the participants. The speakers highlighted the importance of the new Law on Entrepreneurs for the improvement of Georgia’s business environment and the role of the RIA mechanism for preparing evidence for political decision-makers on the advantages and disadvantages of policy options by assessing their potential impacts.

Maia Bregvadze, Advisor at the MoJ, made a presentation of the main principles of the new draft law. The changes to be introduced by the draft Law concern almost all the aspects of commercial activity in Georgia. They introduce additional corporate consents and approvals, minimum capital requirements for Joint Stock Companies, and the need to maintain reserve capital, among others.

Representatives of the ISET Policy Institute presented the RIA results and three policy options considered in the document. At the end of the presentations, a discussion was held where the participants expressed their views on key issues of interest.

The draft LoE will soon be presented to legal professionals, governmental agencies, civil society organizations, the business community and the general public for public consultations. 

This event was supported by PROLoG as part of its efforts to strengthen Georgia’s legal framework.

USAID
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