Issue I, 2010
Admission of pharmaceutical products into the Georgian market may be granted by way of state registration through:
(a) recognition regime; and
(b) national regime.
Pharmaceutical products are deemed admitted into the market if they are registered with the Departmental Registry kept by the Agency of State Regulation of Medical Activities at the Ministry of Labor, Health and Social Protection of Georgia (the Agency).
Issue I, January, 2010
The procedure of keeping Obligors' Registry was approved by the Order No. 234 of the Minister of Justice of Georgia, dated 28 December 2009. Above Order determined the Obligors' Registry as a set of systematized electronic data regarding those natural and legal persons, as well as other organizational entities (except for state authority and local self-governing bodies) against which enforcement commenced from 1 January 2010 and which failed to voluntarily discharge monetary obligations subject to enforcement, other than secured ones.
Issues III, 2009
As of January 1, 2011 the rules on thin capitalization will enter into force. The purpose of the said rules is to contravene the excessive debt financing within the companies, inter alia, debt financing by the shareholders of the company.
Issue II, 2009
Order No. 81/01 of the President of the National Bank of Georgia
On 30 March, 2009 the President of National Bank of Georgia adopted the Order N 81/01 declaring the following normative acts as null and void:
Issue I, 2009
Ruling N.1 of Georgian Financial Supervision Agency
On January 13, 2009, Georgian Financial Supervision Agency (hereinafter the FSA) has adopted the Ruling N.1, establishing the by-laws, regulating the status, functions and management of FSA-the legal entity of public law at the Bank of Georgia, overseeing the financial sector.
Issue 1, 6 March 2006
Regulation on transfer of state-owned property for usage (management) rights under the forms provided by Civil Code of Georgia, as approved by Resolution No 218 of the Government of Georgia,dated 3 December 2005, provides for the following: