Overview of the New Law on Entrepreneurs

Training covered the following important topics:

• Purpose of the reform

• Incorporating and registering companies

• Registry data and the presumption of reliability

• Subscribed capital

• Formation of company capital and shareholder contributions

• Share classes of limited liability companies

• Alteration of subscribed capital

• Right of first refusal

• Acquisition of shares by limited liability companies in their own capital

• Fiduciary duties of directors
  

• Derivative claims of shareholders

• Expulsion of shareholders

• Withdrawal of shareholders

• Winding-up companies, liquidation

Representatives of Georgia’s leading companies across various industries attended the webinar. Participants were actively involved in the discussions.