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Within the Georgian territory, the service fee or product price can be paid only in Georgian Lari. The exceptions are stipulated by the National Bank of Georgia, for example, transactions regarding the export-import, capital contributions, loan payment, etc. Penalty: The violation of this regulation will result in imposing the penalty in amount of 200 lari in case …

The important regulations concerning the transactions in foreign currencies Read More »

On April 1, 2021, the new rule on customer protection has come into force, protecting the rights of natural persons and legal entities with financial institutions. We would like to introduce you to the ten most essential amendments within the above-mentioned rule: The rights of the banks to terminate the term deposit for repayment of …

The new rule on Customer Protection Read More »

Introduction As the Gig Economy is developing in Georgia and in whole world quite rapidly, the number and demand on gig workers – freelancers are increasing simultaneously. The freelancer does not have boss, has more freedom in working process, is not bind to one employer or it’s working space, has more freedom while choosing the …

Labour relationship VS Freelancing: how to avoid legal risks? Read More »