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Special Report

June 20, 2017

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legislation

    TAX & LAW BRIEF

    PwC Georgia

    THE AMENDMENTS TO THE LAW OF GEORGIA ON ENTREPRENEURS

    As of 29th May 2017, the following amendments entered into force:

    - Unless otherwise provided for by the charter, in case of share transfer by the LLC’s partner, other partners shall have pre- emption right to purchase such shares in proportion with his/her own shares.

    - In the JSC, in case of new share issuance, the general meeting is entitled to abolish the partner’s pre-emption right to purchase the new shares.


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