Legislative Tracking

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Georgian Legislative Tracking

Legislative Tracking is a monthly newsletter designed to highlight the most significant legislative changes, proposals and events as reported in the Georgian press.

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On 13 October 2017, the parliament of Georgia adopted important constitutional amendments which serve two key objectives:

·       Ensuring full compliance of the Constitution with the fundamental principles of constitutional law; and

·       Establishing a relevant constitutional system for the long-term democratic development of the country.

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November 2017

Legislative Tracking

A draft law on “Public - Private Partnership” has been tabled in the parliament of Georgia, the purpose whereof is to develop transparent, efficient and modern legal and institutional framework for public - private partnership which will support the deepening of partnership between the public and private sectors, improvement of investment and business environment and create attractive environment for investments.

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October 2017

Legislative Tracking

As of 1 September 2017, the Accounting, Reporting and Audit Supervisory Agency is required to monitor quality control systems i.e. provide assessment of auditor/audit firm’s compliance with audits, reviews, and other assurance engagements and related international standards, requirement provided by the law, as well as compliance with ethic rules, quality and quantity of resources used, lawfulness of reimbursement received in return for auditing services and quality system control.

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September 2017

Legislative Tracking

On 28 June 2017, the parliament of Georgia adopted a new regulation on health insurance, which entered into force on 10 July 2017.

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August 2017

Legislative Tracking

On 17 May 2017, the parliament of Georgia adopted Law on Deposit Insurance System, which came into effect on 2 June 2017. The law regulates the mandatory insurance of deposits placed in commercial banks by natural persons and relations related thereto.

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July 2017

Legislative Tracking

On 10 May 2017 new law of Georgia on “Electronic Documents and Electronic Trust Services” entered into force, which was officially adopted and approved by the parliament of Georgia on 21 April 2017.

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June 2017

Legislative Tracking

On 5 April 2017, the government tabled a new draft bill “On Rules for Expropriation on the Grounds of Public Necessity” in the parliament of Georgia. The bill regulates several important issues in a new manner. Namely, ‘expropriation’ thereunder will entail both negotiated as well as forced expropriation.

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May 2017

Legislative Tracking

On 22 March 2017 an important amendment was made to the organic law of Georgia “On the National Bank of Georgia”, the purpose of which is to ensure the stability of the finance system and replace the LEPL Financial Supervision Agency with the National Bank of Georgia as the body responsible for supervision over the financial sector.

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April 2017

Legislative Tracking

On 8 February 2017, the Parliament of Georgia enacted certain amendments to the Civil and Administrative Procedure Code of Georgia that enters into force on 14 March 2017.

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March 2017

Legislative Tracking

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