Why Share Valuation Disputes Arise
When an entrepreneurial society is transformed — by merger, amalgamation, division or change of form — a partner who voted against the transformation at the general meeting is entitled by law to have the share bought out. A dispute arises when the partner does not agree with the buyout price offered for the share: in that case the determination of the fair price is taken over by the court, on the basis of an independent valuation. Georgian legislation regulates this procedure in detail — through terms, the content of the application and the criteria by which the court determines the price. For both sides, managing the timeline is decisive: the right to apply exists only for a short statutory term, and a defect at any stage leads to rejection of the application.