---
title: "Minority Shareholder Protection"
url: "https://legal.ge/en/service/corporate-and-commercial-law-en/minority-shareholder-protection-en"
field: "Corporate & Commercial Law"
description: "Minority shareholder protection for public issuers in Georgia: step disclosure, mandatory buyout, related-party deals, reporting. Legal.ge."
reviewed: "2026-02-11"
updated: "2026-10-15"
publisher: "legal.ge"
---

# Minority Shareholder Protection

> Source: legal.ge, https://legal.ge/en/service/corporate-and-commercial-law-en/minority-shareholder-protection-en

## The Statutory Backbone of Minority Shareholder Protection

For issuers of public securities, minority shareholder protection in Georgia is codified in the Georgian Law on the Securities Market. The law gives minorities four enforceable rights: step disclosure of control concentration, the mandatory buyout offer, the special regime of interested transactions, and the information floor of periodic reporting. In unlisted companies, other minority remedies are governed by the current Law on Entrepreneurs, so this page is deliberately scoped to accountable issuers.

The full text is available on legal.ge after signing in: https://legal.ge/en/service/corporate-and-commercial-law-en/minority-shareholder-protection-en

### At which thresholds is ownership disclosed?

At 5%, 10%, 15%, 20%, 25%, 30%, 50% and 75% — upon reaching, exceeding and falling below, by notification to the National Bank and the issuer.

### What is the mandatory tender offer?

Within 45 days of taking control of more than half the votes, the buyer must offer to buy out all remaining securities or bring the votes below half.

### How is the buyout price fixed?

By an auditor or brokerage company, and it must not be less than the highest price paid by the buyer in the last 6 months.

### Who approves an interested transaction?

Above the 10% threshold — the supervisory board or general meeting; above 50% of asset value — only the general meeting, after the auditor's examination.

### Where is the issuer's reporting found?

Annual and semi-annual reports must remain publicly available for at least 10 years.