Law on the privatization of State-owned Enterprise in the Republic of Georgia.
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LEX-FAOC021543
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1
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Privatization of State-owned enterprises is allowed in all sectors of the economy (art. 3). The privatisation shall be managed by a lead agency named the State property management Committee (art. 4). It shall prepare a privatization programme. Enterprises shall be sold by the State Property Fund, a State company acting on a commercial base (art. 6). Articles 8 to 19 set out criteria for privatization and provide for procedures of privatization of enterprises, whereas article 20 and following provide for the registration of the privatization contract, rights and obligations of seller and buyer and the cessation of privatization contracts.
Repealed by: Law on State-owned Property Privatisation. (1997-05-30)
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