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Capital Markets & Securities

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Lawsuit on a Bill and Recourse Claims

When a bill remains unpaid, an entire system of claims opens before the holder — but this system has its own strict…

5 minRead more

Protest of a Bill — Notarial Act of Dishonour

The protest is the most time-sensitive stage of enforcing rights under a bill of exchange: the official act certifying…

5 minRead more

Aval (Suretyship) on a Bill of Exchange

Aval, or suretyship, is a special security instrument of bill-of-exchange law: by his signature a third person assumes…

5 minRead more

Acceptance of a Bill and Refusal to Accept

Acceptance is one of the central institutions of bill-of-exchange circulation: it is through acceptance that the drawee…

6 minRead more

Transferring a Bill by Indorsement

The indorsement — the special form of transferring a bill — is the backbone of securities circulation: it is through…

4 minRead more

Drafting a Promissory Note and Required Requisites

A bill of exchange is a strictly formal document: its validity and effect depend directly on how precisely the…

5 minRead more

Prospectus Preparation

Prospectus preparation is regulated by the Georgian Law on Securities Market and is the decisive stage of a public…

4 minRead more

Securities Law Compliance

Securities law compliance for issuers of public securities is defined by the Georgian Law on Securities Market. An…

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Bond Issuance

The Concept and Boundaries of a Public Offer Issuing bonds in Georgia most often takes place in the public offer regime…

5 minRead more

PIPE Transactions

PIPE Transactions under Georgian Law A PIPE (Private Investment in Public Equity) in Georgian practice means the…

5 minRead more

Private Equity Placements

When an Offer Becomes Public: The 100-Recipient Threshold The central legal question in a private placement is where…

5 minRead more

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