The following Competition practice note Produced in partnership with Mgaloblishvili Kipiani Dzidziguri provides comprehensive and up to date legal information covering:
A conversation with Baqar Palavandishvili lawyer at Georgian law firm Mgaloblishvili Kipiani Dzidziguri (MKD), on the key issues on merger control in Georgia.
NOTE–to see whether notification thresholds in Georgia and throughout the world are met, see Where to Notify.
On 8 May 2012, Georgia adopted the Law of Georgia on Competition (the Law). In March 2014 substantial changes were made to the Law, with regards to its scope, the definition of dominant position and agreements restricting competition, concentration (which includes mergers), bad faith, conducts of economic agents and sanctions for failure to comply with the Law. Also, in September 2014, specific rules on mergers were approved.
The Law established the Competition Agency (the Agency) as the supervising body for competition policy. The head of the Agency was appointed in April 2014. The Agency has been relatively active examining various topics, including dominant position, agreements restricting competition, State aid and concentrations.
We are not aware of any expected developments for the coming year.
In terms of 'hot' issues, in 2017 the Agency approved the acquisition by pharmaceutical company GPC of 100% stock in ABC Pharmacia. The Agency, in determining, whether the concentration restricted effective competition, stressed, among others,
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