The Legal Mechanics of a Crypto Company M&A
The acquisition and merger of a crypto company is carried out under the reorganization rules of the Georgian Law on Entrepreneurs: the permissible forms — transformation, merger (absorption or consolidation) and division (split or separation) — are defined by Article 59; the procedure of merger and division by Article 65; the content of the merger/division plan by Article 67; registration by Article 73; and the protection of creditors by Article 74. In the crypto sector this mechanics is supplemented by a sectoral check: an assessment by the supervisory organ of the fitness and propriety of the managing persons, where the transaction requires the consent of a state or other competent organ.