Law on State-owned Property Privatisation

ti.) j.)M0>3a~M b J.)6M6o U.)bac:?Bvo~M c1M6aoob .)t<Jo3.)~04haoob aau.)bao J h J,)6M6o 3,'>nh,') 'ht::>:3M03 u U.) j0Mm 3Jc:?M u b b;1c::>ilv'o7:3C•) jc,6;100 u ,3Mo30(1)0 'bJOO h k'la0M­ ffic:?JOMOJ, JJ<YJt)(')ao,rzJM, Ml"1306o'b0crZJc::> ~.) UM(30,,c:?"J01 h,'><t37JdJc:?:JO u, ,3flo3060 'bJOo 1i 0,'>6 br-,f100Jc::>JOO 1i doMom.::.~ ,3oMMOJ01i ~•) u 'bA-;:ifi JJ!.::? .':JM<tJ h 7:30 'bo J'ZJMO ~0 o'Z)MOQ?07Jc:?O Jofl;Jt>Oli 06 3,,mo 30; JMmo06; J6[!60U dOJM u.::.b­ ;Jc:?dVO'tJM li,'>J7JmM; J00'c'lo 0M U[JO-zJc:?O ,1('10:JOO u 'cJJd;J60 u ,1MM(3J h h. J06M60 u ao 'b,'1600 7J 'bM7.1fi 3Dc:?/:l(') \:. o tiJmo ti-'>J0 mM; JOomo 0 flmoJMmMOJOO u t1.'!dM~Pc:?OOJ0.), MM3Jc:?OG b::Jc::>1 o;:rJv tJM01 J'tlJ.-J60 Mo, UM(300c::>-z:i<"10Q? Mflo;:i66oMJ07Jc:?O 1100,'>'bMM JJM6MdOJOU 0063om0M::J00u. Law of Georgia on State Property Privatisation The present Law determines legal, eco­ nomic, organisational and social principles, as well as the basic terms of privatisation of state property of Georgia and provides the purchase of property owned by the state by physical or legal persons or their unions. The objective of this Law is to establish proprietary relations, promoting to the development of the effective and socially oriented market economy. Chapter I. General Provisions 37.Jb~o 1. J06M6clo 3.)3M:Ja6a37.J~o 6aA3o6a- Article 1. Definitions used in this Law: 3ou 3.)63.)f>6:::i3.) .)d J06M6do 30dMHJ6::JO-z:Jc:? t)JMilo6;:iob 0j3u o03~00o a6o a3b:Jc::>M00: 0) "b0b;:ic::>3vo7:3M JMbJ0.)11 - b0v'0MdMJOO, 03 1,...,v ..'>M3Mm.) J3J~060tpn::ioo, MMd;Jc:?(J).) 2i03M::r 7:30 cl0odc::>::io0 ~.)aM0 Jo~::io::ic::> bv 0MdMJ00~; c:?O JJOQ?OM;JOc> b ~.) JJJdQ?; J00MJO"ZJc:?O 06 -; ')JJJ c:?OJJO~OM;JO';::Jc:?O u0\Y0MdMJOOU 06 30mo JJJ~.) 60/:JM'TIJOO 1 a06MOJOO, 600::ii'>('10000, a('19 tJMOO~M 0000, b b30 30~; JM00c::>-z:JMO ~.) 0M030{1)JMO­ .)~-z:JMO Cl Jt)OJJOO; U.) boc::>ilv o,n(") U.) J-; ')mMJO.) do .)MUJO';::Jc:?O 0jooooo, voc::>o; o) "~03,:,oo'h:)0011 - ino'hOJ7.)MO ~.) 07.JM0 ~07.1~0 JOM::JOOU .::.6 a0mo 30:)Mffi0.)6::ioaooh ao:)M h.::. bo~av O'flM c'.JM6::JO.) 'h:J h,:, J-z:JffiM::)00 h 7.J'n~::JOO h d:Jd:)60, ooh 0~:)30~ h.::.b:)~avoinM J.)Mo.'IJU JMOJ.)6o'hao7.J~O c'.JM6::JOOU lfl~MOOU, U.'IM3:) 6c::>MOOU.) ~.) 3.'16J.)MoJOU, bM~M U.)f>~i3voinM MM306M::JOO - aouo a,:,t<>m3oh 7.l'n~::JO::JOU. Definitions used in this Law have the fol­ lowing meanings: a) "State property" means enterprises or their subsidiaries, which can be separated as independent enterprises, buildings, construc­ tions and facilities being in the property of en­ terprises liable to liquidation or liquidated by now, or of their subdivisions; other material or non-material assets, state-owned stocks, share . b) "Privatisation" means the purchase of property right on the state-owm~d property by physical or legal persons or their unions, as a result of which the state losses right to own, use and dispose the privatised property, and state bodies - the right to manage it. 1. U.)jo!>MO'l3J~MOO u.:,b3~avo-nM r6aoou JMOJ.'l0o'h30.:, hMMooa~~:)◊o!> Uo!>Jo!>MO'l3:J~MU JM6l1000'ZJ00ou, Uo!>8Mj.)~,)jM JM~a.-Juou, .:,3 J.'l6M6ou, hb3.:, Uo!>Jo!>6M6a~ao~M ~,) J.)6M6d338 ~:JC>o!>M:J o!>J0D◊ob b~'ZJdJ:J~'h:J, :JU Jo!>6M6o .:,A ,)v::ibfm3ni'lu ®vob.:, ~.) U.)bn~avo-nM U.)006.)M cnM6~:JOOU .°3Mo3.)6o'h3oou Uo!>Jomb'\s. 2. b.:,b3~3v'o-nM JM63oou a:J0~3:J~O 0:JOd~:JO.) O:JMU U.)j.)M(J)J:J~MU .)6 'ZJObM ;faot16ou lfiO'hOJ'~MO .)6 O'ZJMO~O'ZJ~O .°3oMo, MM8~ou jM6:J0.)000 U.)j.)Mm3~MU U.)b3~3v'o­ '3M u, .)6 ~2P~MOM030 m3oma8.:,Mm3:J~M00 u MA0.,6Mu (0.)M~.)a.)3.)~ j:JMOM~ao - aa.)MO)an­ !!:!?Moou .)~ao~MOMOJO MM3.)6Mu) &,,6.)vo~::i(")­ oou vo~O 25% • 'h:J 0.)J~:)00.). 1. State property privatisation is carried out in Georgia on the basis of the Constitution of Georgia, the Civil Code, the present Law and other legislative acts and by-laws. This Law does not apply to privatisation of land and liv­ ing space owned by the state. 2. Any physical or legal person, citizen of Georgia or a foreign country, can be the pur­ chaser of state property if the share capital owned by the State of Georgia or by the insti­ tutions of local government (local authority during transitional period) in his property forms less than 25 per cent. a'ZJ~o 3. ls.:,'bas:?:?3vo-nM ~r,6c)2,o'h lM03.:,- Article 3. Management Body of State Prop 6n~aoo'h a,)6'6Mt<,ooas:?:?:JOO'h ~ 3.)Mo,30'\s erty Privatisation MM2).)6M 1. Uo!>b:J~avocn(") JM6aooh a.)MO'JJ.)U.) ~.) jMo 3.:,6o'h;J<'>.>b .:,bMMOO:J~:JOb Uo!>J.)MO'lJ:J~Mb u.:,b­ J~avocn("') .t,6aooh 8.:,t<,m3ou U.)ao6ols6MM. 2. .)30M6M®'ZJM M:JM'Z)«'>~oJaoclo odcJ6:JOo!> u.:,bo~avo-nM r6::ioou 8.:,t<,m3ob u.:,ao6ou6MMU O:JU,)().)aouo ~.)h.)b:J~;JOOU MM3o!>6Mnoo, bM~M M.)OM6j,oo ~.) j.)~.)jj,oo - oobo O:JU.)0.)aouo u6M'Ja67JM'ZJ~0 aa~~.)wi<n:J0°· 3. U.:>j.:,Mm~M oo Mm3.)l!)o 'h:j>o '\s ::ir'Jmo.)60 ~~o60JOb o.)O.)M;)OOb ~'hM';'.)63:J~b.:,:JMCO,.)~ U..)8o6ouo~M: .)) .)MOU h.:,b3~8~0<rJMU&~ 'J<rJ~j,.:,3Mbo~o U.)ba~a\,o-nM 3M6aooh 83h->J';'.)mMa, MM3:J~oo ZJ~M6U, 3->6J->M3.:>3h ~.) 0,)~0').)3b u.:,ba~avo-nM JM6;:io.:,u; o) .)~a.) uM'ZJ~D◊a~o bas:?:?o 1.0'3~:Joo 11 clo'h.,6.)8oh h6M"ZJ.-Jo~"1:J6m.)6 ~.:, hb3,) b.:,ba~a­ vocnM MM3,)6M:]◊m.J6 dD<".>6bonoom claocJ"ZJct->3:JOU ~.) Mj.)Mm33~Mh ~r'Ja'ho~::i60b ~.:,'\s.:,aoJooa 0~.)~ v->M'ZJ~3:J6U .lMOJ.)0o'h;:ioob 3.>6bMM­ oo::i~j,ob :)MO'J0.)00 aaa3ob ~MMa.'.Job :JMM3 6'J~O a:J'ZJM6:JMoob 0.)~J:J~~ ~->M3:JOO'ls 3ob~3nm, a.)O)o m.:,3ob30~"1:J«'>noc>b &->m3.:,~­ obvo6v0001, .>0"13m33 u.:,~OMM:j>ob o:J8cnb3::i~pao 1. Management and privatisation of state property is carried out by the Ministry of State Property Management of Georgia. 2. Bodies with corresponding titles are formed in autonomous republics, and their structural subdivisions - in regions and towns. 3. In order to carry out unified privatisation policy in Georgia, the Ministry: a) Is entitled by the state to own, manage and dispose state property; b) In agreement with the corresponding bodies of the Executive and other state bodies, works out and submits to the President of Georgia for approval the project of a unified privatisation program by separate branches of national economy, taking into consideration their peculiarities and amendments and ad­ denda to be made; a..,1.soo cl::iu..,0..,6 03~o~:j>n<'>'h ~.., ~.)a.)6n<'>nou; 3) ancnM~7.lM.'l~ ~.) MMc,.'l6o'h.'loo"J~.)~ b0~ad~3.'l6:J~Mou ~.) .'lJM66t<>M~:j>b jt<>oa.)6 o'hnoob jMM(j:)UU U.)bo~avo~M<fo, 3.)aMj3~n6u .)a b~:JMMdO J.)6M6U.)vo6.).)~a~D3M 3.)~­ jvaan6o~nonob.) ~.) ~ja6nob, O~:JOU 'hM8oob a..,m j~dMU.)~b3t<>n~.)~. 4. b.,bn~av~M ,t>6::J<'>oU a.,t<>cn30U.) ~j ~MOJ.'l6o'hnoob.)U U.)bn~avo~M jM6:JOob a.)M(J) 30 ls U.'l3o6ob6MMU ~j ao b 6:JM06MMO"J~ MM3.)6M:JOU d:J7.ld~O.)O) oaMJd~M6 m.)30.)6cno VjMaMa..,~3n6n~noob (t<>va-;:i6oo-;:i~o jot<>:j>ob) .'l6 O-;:J.'la.)3~:j>ob aocl30M◊OO'). 5. U.)bn~av~M U.'>J-;:JO')M:JOOU b.,jt<,03.:i6 o'baoM M00:JJ0:)00U 67.Jbb.'lb ..,a6JOO:JOU b.:ib­ D~avo~M ,t>6::ioob a..,t<>cn3ob U.'>8o6ob6MM U.)j,')M(J)J:J~MU :JJM6MdOJOU U.'>ao6ob6MMU0').)6, lib3.:i d; }U.)0.)8ob U.)8060U~MM3oaM6 ~.) -nv8:J­ (l;:J()0).)6 a0aM6b8:j>ou b..,~0 d30~tn. b.,bn~a­ vo~M d7.l6oooj.)~-;:JMO ~"'J3Da~:)O.'>M:)OOU U.)3Mo 3·')6o'bnoM MOO:Jd6onoob 67.Jbb.)b, b.,bn~avo~M jM6noob a.,t<>m3ob U.)do6ob6MMUm.)6 clnm.:i6b8n­ c) Methodically and organisationally leads and controls privatisation process in the coun­ try, reveals illegal decisions and facts in this sphere, takes measures to exclude them. 4. The Ministry of State Property Manage­ ment and its territorial bodies can act through their representatives (attorneys) or mediators in the process of management or privatisation of state property . 5. A list of units in state property liable to privatisation is approved by the Ministry of State Property Management of Georgia on the basis of agreement with the Ministry of Econ­ omy of Georgia and resIJective ministries and departments. The list of units in municipal property liable to privatisation is approved by respective governmental bodies in agreement with the Ministry of State Property Manage ()OO'), .)a6JO(j:JOU OJU.)O.'>aobo aa.)M0>3:J~MOOU ment. .'l~3o~MOM030 MM0.:i6M. 6. b.,bn~avo~M jM6noob jt<>o3.)6o'hno.:iu .'lbMM(30~:)0b U.)'b~3v'OC3M jM6:JOOb a~m3ob b0ao60 'h6MM, U.)'b~avocoM a'ZJ6ooo3~"JMO ~0J3J~;JO.,M:JOOU jM6;JOoU.') - i:lobo 6:JM06M­ Mo0~o MM3.)6M. U.'lbn~avo'lJM :JM6noob d.)Mm3ob U.)006oU6MMd U.'lb~avocoM U.)J'Z)ffiM::r oob jM6:j>ob ("'aoonoob 3"'M~.'l) jt<>o;p6o'h:j>ob 7.l'B~:JO.'l 'Bnb.,d~:JOJ~Oj 3~.'lU(j:JU m.'l3ob 6:JM06MMO';'.)~ MM3.)6M:J0k 6. Privatisation of state property is carried out by the Ministry of State Property Manage­ ment, while privatisation of municipal property by its territorial body. The Ministry of State Property Management is entitled to transfer its right on privatisation of state property ( except stocks) to its territorial body. 7. u.)b~aVOCOM U.'lJ7J<nM:)6.'loo .'lMU::)071~0 7. The right on the management of state ..,doonoob a.,Am3ob 7.l~~no"' 3~.,oona.., owned stocks is transferred only in the fonn of 3bM~M~ JM6J"JMUoU ~MM3om. competition. a"J'h~o 4. ~~a~avocn(') aM6~, <'>M8a~oo Article 4. State Property Exempt from Pri Mlo3.\6o'h~\ ~<', aaaa~ao~<'>ao~ vatisation U.'lb:)~dVO'lJM jM6:)0o~.'l6 jt<>o3.)6o'h:J0.)U .:iM 3j338~:j>.,t<,:)6.'l: .:i) vo..,~ou::rn~o, va~ou t<>nu-;:it<>u:j>o, 6ot<m6MMO';'.)~O V8~:JOO, JM6006n66"JMO oa~'Bo, 3..,Gb.'lJ"JO>M::}O"J~o :JJM6MaoJ-;:it<>o 'hM6.., ~.') U.'JU.)'b~3MM 'hM6.), 6aob 'ljM6~o, U.)J.'lJMM bo3t<>on, ~.'lO"J~O .)6 3.)6U.)J7.lO>M:JO'ZJ~O vnuom 3.)aMb.)8:)6::)0:)~0 o-;:i63ot<lo30 0:JM06MM0:)60; The following state property is not liable to privatisation: a) Entrails, water resources, territorial wa­ ters., continental shelf, special economic and frontier zones, forest reserve, air space, pro­ tected or specially used natural territories; o) ~..,~oJ6o~o v Jhom ~.'>OC)JOOJ07J!.'..: 'O oh <.8JMl'10'Z.)l:'.:'. '-J'Z.)~0'Z.JM'Z.J~O ~,) 3b0<.8J:Jf'17.1~0 <n.'>UJ'Z.)~MOoh MOOJd<.8J;:ioo, ou<.8JMMO:'J~O ~,) J'J\:'.:'.?07.JM'J~O 36ocl36J~MDOU 1.'>bJl:'.:'.?Jvocn(") .-,fljo3::ioo, J06('1-cn(")6(") C':;.., cn(")6(") ~f'\r;:i3;Jl\~J­ oo 1 \),) bJ~av ocn(") cn('16~o, ti.'; b::i~3\J O<rJM 3·c'J'h;rzr a::ioo, (J)J.'>OMJC.O, u0j.'>Mm3::i~(") h u0J0Gob0M<'l;J­ oob ('Z.)Vc'.J;)OJ()Ob) u03;:io60JMM-JJ\:'.:'. 'J3omo ~,)v::r UJO'Z.J~JOJOOU 0Mjo3::ioo C':;,) <rJM6~::ioo; 3) U.)3MD01:'.:'. '0'b000(") O,)M030, h0bJl:'.:'. 'dVo~v•) MJ'bJfl30, d3of1cn.)UO ~00)(")6J6oh O.'>M.'>30; ~) J~Jdc~flM;:i60fi00( ~0 J'Z.l~o 1Jdc'1JMfin 1 o,)~.'>OJa,)-~Oh,\)6~JMO'b,)oool, 1,.-,31,) b'JMJOt); J) 10j0flm3;:i~(") u 3::io6oJM;:J6,)m,) ,)J.'>Q;;:JOOO u l1oli<.8JJ301.I cn'J5~.-.3::i6<.8J'JMO 3Jo6o;-ifiJ2>oli ~..,vo 1i;:i2>'Z.)~J6;:J60, u.)b;Jl:'.:'.,'3\j'ocn(") 03.-,~~;:i'bo h.)hv.)3~:JO~JOO ~.) a.)(J)~.)00 ~,).i}jl~:JO.'>M:r 6'J~O li03;:io6oJMM-J3\:'.:'.?JJOIDO o61<.8Jo6'Z.l0::JOO, MMO~:JO bo U.) b3~3v O<rJM .'>'l306.'>6u;-io h; 3) 1i.)JMmM-U.)b::i~3vocnMJOMo30 36ocl36;:i~(")­ ()O 1i 6..,31..,~o 7JMJOO 1, 60330 h0~0MdJOO, do~('1('1 0Jd60J7.JMO 6.'>0J◊M◊.'>6o, cl0 j 0 fl0<'>o, cl0 j6ocl60<'>o ~.) .'>JJ.'>OMMo.'>; 'b) 'b0bJ~avo'BMJ◊fm30 36ocl36J~M◊Oti M J0603 'h0, 0,) 'bo u a..,2,0 u<.8JM.'>~7)MO ao~ b~J6o, U.'>.)J6M3Moo~M O 'b0<'>o ( .3.'>M.'>~J~7JMn b.-, b­ J~3\j' o~r 3 'bo u .'>M.'>M UJOMOO U.'> h), m3om3cnfio 6..>3JDO U 'BMJ6o1 30flm3ou uob<.8JJ3JOO 0<,) .)ti,)­ <nMJ6-C1:;.'> U.'>'l3MJ60 'hM~J<'>o; m) :i7:looMMJOOU, 0060306 u0JlJm.'>, (J),)3~00 301 b.-,3o6ou<.8JMM:)OOU, .3MMJ7JM0<.8J-;:ifiou, U.'>U,) 3.-,fim~Mb lm1<.8JJ3ou U.'>dO.'>OM ~,) U.'>MJ'bJMJ(") d(")6J<'>0; 0) uo b OOMJm.'> u.3::d<.8Jflo, U.'>bJ~avo'BM 'b.-,­ 'BM U<.8JM J.'>3 cloflo u, M.'>~0M-u0<.8JJ~J30 'hoM 3.-,-z.ivttJ<'>l:'.:'. 'MOou, u0j0~0jm.'>dC'1MOtiM-U.'>JMm.)Q(")­ MO 1<'1 u0<.8JJ~J<r3M6C'1 ,P3 doMo u, h03m03MMOC'1 J.'>3 doMo 1i U.)d'Z.).'>~;:J◊JDO ~.., U.)j001m3a~C'1 u .3M­ 'booo.., oJM b<.8J000C'16.'>~'Z.JM MM006,) 'b::i; J) h090MaMJOO, MM3~::i<'>oo ..,a'h~n<'>::i6 M,)­ ~OM.'>JOO'Z.JM ~,.) u03bJ~MC'1 ~06006-;:i~::ioob a.-,­ U.'>~JOU, 30mo u0o~J~-b0J(")6b6M7JJ0<'1M(") ~.., U.'>3Jo5oJMC'J ~.'>\j'JhJO'Z.J~:)OJOOU JM6J6.'>; ~) U.'>b;J~3voinM U.'>U.'>'l3~.'>MJOO ~,) .306 m;r6J60; 3) u0bJ~3vocn(") \j'30~b0~J6ou ~.., b.., J.'>6.-,~o'b..,oo(") 3:J-;:JM6JMOOU :)Mffi0.)60 bob6J3.'>; 6) ~.-,~0060~0 \j';:ibom ~036Jooo<'>-;:i~ 60u b) 11 istoric and art monuments approved umkr established onkr, state archives of his­ toric and cultural impo11ance, state colkction of film, photo and phono materials, state muse­ ums, theatres, archives and collections of min­ istries, depa11ments, scienti fie-research i nsti­ tutes; c) Mobilisation stores, state reserves, stores of precious metals; d) Transmission and control systems of the electric power stctor; e) Institutions of the Academy of Sciences of Georgia working in fundamental sciences, state institutes of higher education and affili­ ated scientific-rtsearch institutes financed by the state; t) Ports and landing piers of national im­ portance, hydraulic engineering constructions, lighthouses and signal lights, water area; g) Railways of national importance, gas manes, roads (in the case of non-existence of parallel state road), aircraft flight management systems and take-off and landing strips; h) Main and reserve property of the Minis­ tries of Security, Internal Affairs and Defence, Procurator's Office and the court system; i) Frequency spectrum, state postal commu­ nications, TV-radio broadcasting, trunk-line and international telephone communications, means of governmental communications and position of Georgia on the geo-stationary orbit; j) Enterprises producing radioactive materi­ als and materials for military purposes, property of affiliated test-experimental and scientific institutions; k) State cemeteries and pantheons; l) Unified state system of water supply and waste water disposal facilities; m) State medical institutions of vital impor b,)dO dJa,)3.)~0 ls.)uoo<YJob~M a6ocl36J~<YJOol1 ls,)bJ~avoin<YJ U.)an~ooo6M ~.)VJ"J07J~j>JOO; (YJ) ls,)bJ~avoin<YJ MM3,)6Mo'M .)~ao6ols 6M,)007J~O O:J6MOJOO. lance included in the lists approved according to established order; n) Premises of state bodies; 3';'.J'b~o 5. ~O.)JO>,) UMQO,)c:!!';:)Ao 3,)M.)66ru Article 5. Social Guarantees and Privileges ~.) 0a~.)a,)mo for Employees 1. li,)V,)MaMls a71cl,).:1m.) 060JMJlsnools ~.)0301 ao'b6om, JM03.)6o'bnools OJls,)'bJO 3.)6.)ob.:>~ob V,)M~3J6ols O:Ja~J3 (.3fJ03,)60'hJOOU 06000.)0(")­ MOU ao'Jb~,)3.)~), aao~3J~OU aoJM ls.),:171mM:J­ ools 'J'n~JOOls ond::i6.)0~J, b.)'b::i~avo-nM jM6J­ oo ls a.)Mm30 ls U.)3060 b6MM lsm.)6 O:Jm.:>6b3noo ls 3.:>MJOJ, OJMd.)~DO,): .) ) U.)V.)MO<YJU (ry:JMMo.)6o'hJ<'>.) .)6 ~0.:130 ~.)oo.:i; o) ls.)v,)Ma<YJls U.)06.)6("') 0"6Moc1,ols 03~0 ~JO.) ~.) a71a.).:1m.) M.)<YJ~J6Mools anaooMJO.) .)6 3.)'hM~.); 3) doMom~o 'nM~JOOU o.)80~3.) .)6 0.)03~.:>, ,-joMom .>6 Osl.)MOm 3.)ona.), 30M.)MOO ~.)~:JO.), a.)m o.)aMB:J6j>.) 'hJ .)~MJ ~~JO'ZJ~O M.)OaJ bJ~OJJM'Z)~;i>ob 3Mj3J~JOOU cln03~.) .>6 OJV :J3J6.). 2. 1.)v.)M&r>ls U.).)aoo("') U.) 'hM0.)~("')no.)~ ~.)­ in71d6noob aMa366ob.>m3ob a71a.)JJOU 7JU.>UtJO~­ ~M~ ::JMffi~MM'J~.)~ 3.:>~.)Jo::iJ.)m am~o.>60 b.:>v:Jb~JOM J.)J06.)~0U 10 %-~a .)Joonoo, a.)3M.)a ,)Cry,) 713::i6::ib U.)j.)Mm3J~MOO .)MUJO-;:J~O 3o6oa.)~7JMO b3~'l3.)UOls .)Ua.)30 M~:J6MOOU.~, JMUl 3-;:i 0.)J 'h::i 3.).)60.)MO onoom. .)(!?60 cl6-;:J~O 0~.)3.)mo JbJO.)m: .)) oa ~cb.:1n<'>b, MM3~JOOUm3ols,)o U.) V.)MaC'l V.)MaM->~3a6ls doMom~ U,)a-;:io.;M .)~3o~b; o) oa JoM:JO'h, M(Y)a~JOU.>Q <k'-lja~o J.) 6M6¼JO~Mools OJls.>O.)aols.;~ ';'.J'B~JO-> .)J30'> ~.>2>M-;:,6~6n6 .)a u.)v.>M3Moo; 3) Jn6lsoM6JMJOU, MMa~:JOOQ Jn6bo.;'ha 3.) 30~6::i6 .,a b.;v.;flaM~.>6 ->M.)6.)Jc:!!JO 5 v~ols a-;:Ja.)(Y)ools o~n3; ~) oa JOMJOU, MMa~3000 .)a ls.;v'.;fl&lls U.)->Joo(Y) ls.;'bM3.)~(Y)D~ ~->'lJ71d6J<'>.;~J l v~om .)~MJ OJ.)aoot"ryau ~.) M:)3ols0AoMJ07J~O .)M0.)6 MM3MMQ -;:J~O:::J3MJOO. 3. u.>v.>M<k'-lb aBo~3~o 3.)~~a<'>-;:J~O.) u.)­ .:10mfla<'>ols 7:J'B~JOOU 3->'lJMMaJ00~.)6 3 m3ols l. With the purpose of protection of interests of the employees working at an enterprise, after submission of a privatisation application (who­ ever the initiator of privatisation) and prior to the purchase of property, the following is pro­ hibited, unless agreed with the Ministry of State Property Management: a) Reorganisation and liquidation of the en­ terprise; b) Change of staff list, and decrease and in­ crease of the number of employees; c) Sale, exchange, rent, lease or mortgage of capital assets, cessation or change of any agreement on their use, concluded before; 2. At the moment of transformation of the enterprise into a stock company the employees are handed over free of charge IO % of stocks of the whole capital assets, not exceeding the hundred times of minimal wages established in Georgia, calculated for one employee. The mentioned privilege applies to: a) the employees, whose main job is at this enterprise; b) the persons, who have the right to return to the enterprise, as provided by legislation in force; c) the pensioners, who have retired from the enterprise after having worked there for not less than five years; d) the employees, who were dismissed one year prior to transfonnation of the enterprise into stock company and are registered as un­ employed; 3. The purchaser of the enterprise is obliged to conclude an agreement with employees 3.)~.)00 3-z)'i3.)J:)Om.)6 ~.)~MU b:J~O:JJM';'.)~:JO.), ('ryMa:J~ aoo 'i3::io0.)6:J0.) OMM3o b MM(p6o­ 'b.)oo.) bm.)6, .)6.) 'h~.)';'.JM:JO.) U.) ~.) ~.)03.) hm.)6 ~.) J.)3 OOM:JO';'.)~O 3.)~~:J0';'.]~:)6:J00 4. U.)V.)MaMh a80~3::i~oh 06000.)003om 3.)­ (1).)30 u0 'll~no0~0 a0 0.)J:JOO 1 :JMm~MM0~o ~.) b30M:JOO u M~:J6MO.) ~.) a0mo OMMaomo 3MvtJMO.) bMMQO:J~~:JO.) aM:Ja~o J.)6M6~::i­ O~MOO u O:J U.)O.)ao U.)~. within 3 months after registration of the prop­ erty right. Obligations connected with labour organisation, remuneration and protection must be included in it. 4. The amount of one-time allowance for the employees dismissed by the purchaser's initia­ tive and their further employment is determined in accordance with legislation in force. a,.)30 II. .\Ao3.)6o~aoob 'l}MA3aoo vabo ~.) Chapter II. Order and Forms of Privatisation a';'.Jb~o 6. u.)ba~aVO!ffM :)M6aZ>ou ~Mo3.)- Article 6. Forms of State Property Privatisa ~n'h3Z>oh 'B~a6o tion 1. .°JM03.)0o'h::io.) b~:J00 JM6J0Mhoh, 1. Privatisation is carried out by competi .:,'ZJ:JOOM6oh, 0%.)M.)-3.)3Mhttn~3oh.) ~.) .°JoM- tion, auction, lease-redemption or direct pur ~.)JoMo 3ot10~3oh CfJMMaom r6::iooh oahtto~- chase of property. 300,. 2. JM6J';'.)MUOU CfJMMOOOl 3.)80~3oh ao'h.)60.) JM6;:io0'b::i U.)J';'.)OlM:JOOU ';'.)'lj~:)00 ao.)6o~MU oa 3tto~3:J~ h, MMa:J~OO 3.)atto~3:J~ h 33:J~.) 'ha ';'.)Jaffi:J h .°JOMM6:JO h oa UOl.)J.) 'hno h. 3. .)0:JooM6oh CfJMMaom r6::iooh 3.)tfl~aoh ao'h.)600 U.)J-;:JOlM:JOOU -;:J'lj~~ ao.)60~MU oa 3t10~3a~h, MMaa~oo a.)~MMOOU JMMQ:JUOO 3.)3ttn~3:J~h roa~.)'ha a.)~.)~ CfJ.)'bh oahm.) 3.)'baou. 4. U.)b~avO'lJM :JM6:JOO'b O%.)M.)-3.)3Mht10~ 3ob CfJMMaom 3.)~3oh oo'h.)60.) 3.)aMh~a~D 300:JMO.)~-;:JMO '3.) h30~M60 h 3~0060 ~.) U.) htt 0~~0060 ~~MO:J~MO.) ~.) U.)M3:JO~Mi.) U.)3:J';'.JM6:JM U.):)3006(Y)OOU ~.)3M7.JJ~:JO~.)~ V.)M­ a.)Mm3oh0m3oh. 5. JOM~.)JOMO CfJ(Y)Maom 3.)tto~3oh 3o'h.)6o.) 3.)U.)tjO~O :JM6:JOOh ffi.)JOU:)07.JM:J0~,)6 3.:,3M3 ~060M:J 063a'b0000::iooh ~'h~3.:, V,)M­ aM~3;:i60~0 oo'h6au-3::i33oh U.)Cf3';'.]d3::i~'ha. 6. h.:,ba~Bv'O'lJM :JM6::iooh JM03.:,0o'haooh CfJMManooh 3.)3Mtt::i6::io.)'h::i 3.)~,)vroa00~:J0.)U O~:JOU U.)b~avO'lJM :JM6:JOOh a.:,Mm3oh h.:,006 oh0MM .:,6 aoho 0:JM00MM07)~0 MM 3.)6M,bM~(Y) Jo~.:,JOMo 3ott~3oh h.:,Jombh V83:J0U h.:,:J.:,t:ryo,3~Mh M>a'ho~::i600. 7. h.:,b~3v'OCfJM :)M6:JOOh M>o3.:,0o'haooh o,)~ J3';'.J~O 'lj(Y)M3::ioo u ~:)07.J~~ u .:,30JOO:JOU 2. The purpose of sale by competition is to give property right to the purchaser who bids the best terms to the seller. 3. The purpose of sale by auction is to give the property right to the purchaser who bids the bests price in the process of sale. 4. The purpose of sale by lease-redemption is a temporary and paid ownership and use of the material value for independent economic activity prior to redemption. 5. The purpose of direct sale is an attraction of investments proceeding from the peculiari­ ties of the property for sale and basing on the proposed business plan. 6. The Ministry of State Property Manage­ ment or its territorial body makes a decision on the form of privatisation, while the President of Georgia decides the matter of direct purchase. 7. Regulations on the forms of state property h.;ba~avoinC'l jf'l6aoob a.;Mm3ob 006ob0<v'm a(")- privatisation is approved by the Minister of ,1a~o J"6M6~noe'.!?Moob onb.;oMob~. State Property Management in compliance with legislation in force. a'Z)~O 7. h.;joM3->~o'b32"-,, rl<->6aoo"b 'b.>vw,bo Article 7. Determination of Initial Price of cn->'boh 2,->ob.)'h~3t'>oh ~.) .;62,.>MoohvMt'>:JOOh the Property to be Privatised and Payment va'bo Order 1. b.;.)Mo3.;0o'b:j,M .t,6noou u.;vtlObo 'n"bob 3.;6b.; 'b~3~m b v Db b ,)a0JOO:JO b U.) .'.),)MOl3:J~M b .)M:J'h~n600. 2. u.;bn~avoinM J•,6noou JM6J-;:JMUOU, "'ZJJQOM6ob, O%.'>M,)-3,)3M'bt10~3o'b <nMMaom .)Mo 3,)6o'hnoob ~MMU .jM6noob 3,)U,)1:JO~O in.;bo ~306~:JO,) U.)JM6J-;:JMUM ll,)vtlouno'bn. 3. aada6o~ .t,6:j,.;'ba ,)60,)MOOU\YMM:)◊<> onod~no.; o<>6bMMQOD~~D u :JM0>0.)6,)~ .;6 3.;6 3~::ioom. 4. U,)bn~avoinM jM6:j,ob JM6J-;:JMUOU CfjMM­ aom ~03.;0o'bnoob,)U at,0~3~a,) U.)OM~MM m.;6b,) -;:J6~,) ~,)CU,)MMu .;M.; -;:i3n6nb 2 v~ob 3,)~o'b.). 5. b.;bo~avoinM .'.)M6noob ,)';'.laooM6ob CfjMM­ aom .)Mo3.;0o'bnoo'b.)U atf0{!?3D~a,) U.)OMC'.!?MM m.;6b.; -;:J6~,) ~,)'{3.)MM b ,)M.) 'Z.lan0;:ih 30 J.)~~"M';'.J~O ~~ob a~oU.). 6. O%,)M.)-3,)aM'bt10~3ob 'nf'lM3om jMOJ.)6 o'b::ioob.;b atl~3::JC'.!?a., (J),)6b.; ';'.)~,) o~.)Ob,)~MU b.;o~.)MM bo~aDJM-;:J~:JOOU 3"'nMMa:J0~,)6 ,)M,) ';'.Jaa0::ib 10 v~ob 3.;~ob.;. 7. . .)oM~.;joMo 'nMMaom jM03,)00 'hnoo U,) b 3t1~3~0 m~b.;\s o~ob ~,)6,)~. 0,)~­ "Vtl3D0oe'.!?:JOOb ao~noo~,)6 ,)M,) 'Z.laa0::ib 30 J"~~<>M-;:J~O ~~b 3~o'b.;. 8. O'l'Z) ,)M aM~.) JM6J-;:JMbols, .)';'.).jQOM6ou, O%,)M.)-3.;3Mbao~3o'b <nMM3om MM%::JM 3.;a("') 6,)60~0 u.;ba~cJvocnM jM6:JOOU jM03.;0o'bao.), ao'bo u.;vttobo '{3.)UO aooM~:)0,) 50 % - om. 1. Order of detennination of the initial price is approved by the President of Georgia . 2. In the case of privatisation of state prop­ erty by competition, auction and lease­ redemption, the sale price is established on the competitive basis. 3. Payment can be made at once or by in­ stalments. 4. In the case of privatisation of state prop­ erty by competition the purchaser must make the final payment within 2 years at least. 5. In the case of privatisation of state prop­ erty by auction the purchaser must make the final payment not later than 30 calendar days. 6. In the case of privatisation by lease­ redemption the purchaser must make payment not later than 10 years after registration of a leasing agreement. 7. In the case of direct privatisation the pur­ chaser makes the payment at once, not later than 30 calendar days after making of a deci­ sion. 8. If the property put up twice to the sale by competition, auction, lease-redemption has not been privatised, its initial price is reduced by 50 per cent. a'Z)t.~o 8. .\t'>o3->~o'b300~.>6 0>.>6t.o"b &->~vo~al»-> '833M"b71~0 Article 8. Distribution of Sums Gained from Privatisation 1. U.)ba~avoinM .-JM6aoob jM03.;0o'b::ioo~,)6 O::JaMU-;:J~O m.)6bo'b 3,)3Mtta63oob ~o MM00:J0'ZJ~O aoa.~Mm-;:J~::JO:JOO,): ,) ) aooM:) 00 'h6n 'b ao V ,)M3M:JOO b 3,)6300>.)Mn­ oo b ~M6obdoao.:im.; ~"'no6.;6b:j,.:i; o) v.)M3M:JOOU "<n:JMMOO .;b.;~o u.:icJ';'.)O.'>M 1. The priority trends of the use of sums gained from state property privatisation: a) development financing of small business in production; b) financing of measures of creation of new ..)~3o~ni'mb ona8fiob ~M6obdono..)m..) ~..)cno6..)6- jobs in production sphere; uno.); &) JM03.)6o'h::ioob fi.)6.)M:)OOU MMo..\6o'h.)oo­ ';')~O b.)M%:)OOU ~.)cno6.)6U:)O.); ~) o.)7Jffi3.)~ouvo6non~o b.)M%:)OOU ~.)cno 6.)6U:)O.) U.)d.)Mm3n~MU ~n'ho~n66ob 3.)~ ..)v tt3D6°~aoom. 2. U.)bo~avocnM r6aoob JM03.)6o'hno~.)6 ooaMls'ZJ~O m.)6bou 3.)6.)vo~noob m.)6.)cn.)~M 0.)U 3.)6U.)'h~3M.)3U U.)j.)Mm3n~MU JMO'h~n600 OMjO~o J.)6M6o~oo~MOO 'ls aou.)MOO U.)~. c) defraying of organisational expenses of carrying out of privatisation; d) defraying of unforeseen expenses by the decision of the President of Georgia . 2. The ratio of distribution of sums gained from state property privatisation is detennined by the President of Georgia in compliance with legislation in force. '\s.)lt'>o3.)6a'bal»M Article 9. Information on Property to be Pri­ vatised by Competition, Auction, Lease­ Redemption and Direct Sale 1. JM6J7JMUOU, .)'ZldooM6ob, O%.)M.) 3..)8Mbtto~3ob ~.) JOM~..)JOMO aoa~3ob «DMMaom U.)JM03.)0o'h:)OM U.)b::i~avocnM ~:y>cih O:)U.)b:)O o6cnMM3..)oo.) dantt6~oo.) U.)bo~avocnM ~6::ioob a..)Mm30 b M006o 'h0MM ls M«nOOO.)~'Z)M 3.)0MOn­ a..) OO .)6 ~3o~MOM03 JMaU.)00 {m'Z) JM03.)0 o'boo.)U .)¼a6b U.)ba~avocnM jM6:)00U ruMm3ob U,.\Oo6oli6MM ls 0DM00MM07J~O MM0.)6M). .)a.)Um.)6, oaod~no.) o6cnMM3.)ooou ub3.) U.)07J­ ..)~DO.)ffi.) 3.)aMttn600.)o. 2. o6cnMMa..,0o.., 7J6~.) 0.'>3<'1±3~::i'h JM6J7JM1sob, -'>'Z)jQOM6ou, O~.)M.)-3.)0MUtt~aob ~.) lo~.)JOMO aoa~3ou «DMM3om U.)b~a vocnM r6:)00U JM03.)0o'bnoou ~.'>maO'ZJ~ m..)MO~.)a~a U7Jc::! OM0.) aMmo m3om .)~MD· 3. 3,.\0Mdaa<J6n2>7Jc::! 06Monoao a0o0 .)6::io.), U.)JM03.)6o'hao<-> MOond0ou aoaM ~.)J.)3:)07.Jc::!0 aovob «n..)MmMOO, a.'>u'bn 3.)6m.)3Uo07J~ 6.)3aoM 0.)0).) ~.'>b.'>oo.'>m:)0-'>, OOU.)3.'>Mmo ~.'> MOO:JJ60'h o..)tto~3ols JOMM0:)00- U.)~OMM;JOOU oaomb3a3.)clo att~3Dc::!ls aonvM~;JO.) ~.)ru0aoomo o6cnMMa..)­ (3M. 1. Information on state property to be priva­ tised by competition, auction, lease-redemption and direct sale is published in the official pub­ lication of the Ministry of State Property Man­ agement or in the local press (where privatisa­ tion is carried out by a local body of the Minis­ try of State Property Management). At the same time, other information means can be used as well . 2. Information must be published at least one month prior to the established date of pri­ vatisation of state property by competition, auction, lease-redemption, direct sale. 3. Published data must encompass informa­ tion on the land area occupied by the unit to be privatised, description of constructions located there, addresses and terms of sale. Additional information is provided to the purchaser in case of need. m~an m. a~<'>o33~m~ va'hn 3~M<'>83oob Chapter III. Order of Closing of Transaction ~~a 10. lMn3.)60~3M'h oa'h.)'b~ 3.)M03a- Article 10. Closing of Transaction on Priva ~'h 3~Mt'>3~.) tisation 1. JM6J";'.)Mlsom, .)'ZJdooM6om ~.) lnM~.)loMo 1. A notarised sale-purchase agreement is ao30~3om 3Mo3.)0o'hnoou.)b aao~~u.) ~.) 3.)- concluded between the seller and the purchaser a:3~3::i~ls OMMOls 'UMM3~::io.:i ls.:i6M0.:iMM v::i­ lsom ~.:i<lMva:::io'ZJ~O tJ0~3.:i-3.:i~3ols b::i~a::i,3 M'Z)~:)O.:,, O:?l.)M.)-3.:,<lMb~3ou CUMM3om 3Mo 3.:i0o'h::iools.:ils JO - ls.:io:?l.:iMM b::J~O:)JM'Z)~JO.). 2. b:)~O:)JM7)~:JO.:id0 ono0.:i6:::io.:i: o6MO:JOO 3.:ia:30~3::i~ols.:i ~.:, a~aa~ou O::Jls.:ib:::io, jM6J­ ools ~.:,ls.)bJ~:)O.), a::ia.)~3::i6~MO.) ~.) <n.:,lso, 3b.:iMJm.:i 3ols.:i3~:JOO, 8:30~3~ols 3.:i~~::i­ O'ZJ~::lo.:i 3Mo3.:i0o'h:::io'ZJ~O jM6:JOols OJ~3M8o 3.:i<lM:3::i6:::iools anls.:ib::io. 3. .:ia 3'Zlb~ols 30M3J~ J'Z)6d07:lo ~.)aM 013~0~0 v::ilsom 3Mo3.)0o'boools.)ls 3t10~3J~'b;:i U.)J'Z)mMj1,ols 'Z)'U~::l°.) 0.:,~.:,~oli li.:i,37JO>M:JOOls ~.:ia.:i~.:ils071M:)O:)~O 3Mvimools 3.:io;:iao'b a::ia~03· 'b.:,J'Z)mMj1,o'b ~.:ia.:i~.:ils0'ZJM:JO:)~O ~MJ'Z)8;:i600 3.)00;:ia.:i m.)6bo'b am~o.)6~ 3.:i~.)b~o'b ~.:,~.:,'b 0'ZJM::,Oo~.)6 2 m3ols 3.)~.)00. 4. ls.)b::i~avO<nM ;)M63<'>oli 8:30~3::i~o b~j1,.) 7:l::id;:i6o~o JM6;:iools ls.)8.:,Mm.)~a::iaJ3o~t<i::i. .)doo:::ioob, vo~ob a80~3a~ols ls.:,8.)Mm.:i~a::ia­ J30~M:)M0.) 3.)6ou.:,'b~3M:)O.) U.)v::i¼:J<'>M J.).°30 0.)~00 8olso vo~ols 3MM3MMQO'Z)~.)~. in the case of privatisation by competition, auction and direct sale. In the case of privatisa­ tion by lease-redemption - a leasing agreement is concluded. 2. The agreement encompasses data on the seller and the purchaser, name of the property, its composition and price, addresses of parties, obligation of the purchaser on the further use of privatised property. 3. In the case of privatisation by forms listed in point I of this Article the property right is transferred to the purchaser after issuance of a certificate of property. The certificate of prop­ erty is issued within 2 months after the confir­ mation on full payment is received. 4. The purchaser of state property becomes a successor of purchased property. The pur­ chaser's succession right is proportional to his share in the authorised capital. ~b~o 11. lt'>n3.:,~o'b~u 1:i3u.:,b3~ 3.:,t'>oaa- Article 11. Invalidity of Transactions on Pri ~O).) ~m~MO.:, vatisation 1. .°3Mo3.)0o'b:::io.:i lsm.)6 ~.)J.)3 OOM:)07)~ ls.:,~.)M ~.) o.:imo~~ o6Mools ls.)Jombj,ls 3.)6obo~.:i3b ls.:, ls.:,3.)MO)~M. 2. 3Mo3.)0o'bj,ols 3.:iM03::io.:im.:, o.:,mo~~ o6MOO~ 'Z)'U~:)OM030 ~.) jM6j,Mo30 0~:)3:)00 3.:i60 ls.:, 'b~3M:)O.) U.)j.)M0>3~M ls J.)6M6~:JO~M­ oom. 3. 3Mo3.:i0o'b:)67J~ u.:ib::i~avo'UM jM6JO.)Um.)6 ~.)J.)JOOM:)O'Z)~O ls.:,~.:,M U.)Jombj,ols 3.)6bo~3ols b.:,6~.:i'ba'Z)~MOOU 3.:i~.:,.:, 3 v~o. 4. 3Mo3.)0o'b::io'ZJ~O ls.)b;:i~8vocuM jM6::iools ~MJ7J8::i60.:iooob J.)6M60:)M:)O.:,ls .:i8Mv8::iols abM­ ~M~ ls.:ij.:iMm3~M'b JM60MM~ou J.:,~.)0.) JM­ MM~o60Mj,71~0 vnlsom, ls.:,m,)6.)~M b.'3::ioo.:i~­ ols6:j,ols 8M6.)v0~~f1000>. ls.:ib3~avo'UM jM6~J­ ools a.)Mm3ols o~J60M,)~'Z)M ~,) M:)30M6.:i~'Z)M U0M'ZJJ0'Z)M;)OOo. 7100 .:i~M~ .'3t<lo3.)0o'bj,71~ ls.:iv,)M<lMao o,)~Ja'Z)~O U.)JOmbnools 3~~v­ a::io.) a3od~:)O.) 3.:i8M6.:,J~OU an3mb3::i3.:iao, b.:i.-J.)Mffi3::J~M b U.) b::i~aVO'UM .-JM6::ioo b a.)Mm30 ls b.:i806ou0MMU ~.) aouo 0:JM00MMO'Z)~O MM 3.:i6Mls V,)MaMa~3::i6~m.) 3M6.:ivo~:)MOOO>, 3.)~.:, U.)JMMQ:)UM J.:i6M6~:)l>~M◊om ~~3::i 1. Disputes connected with privatisation and its invalidation are considered by the Court. 2. Legal and property outcomes of invalida­ tion of privatisation transactions are determined by the legislation of Georgia. 3. Prescription term of disputes connected with state property privatisation is three years. 4. Legal nature of instruments on privatised state property is controlled by the Chamber of Control of Georgia only under co-ordinated order and with the participation of respective specialists. In exceptional cases control over separate matters in central and regional bodies of state property management and in the enter­ prise itself can be carried out through partici­ pation of representatives of the Ministry of State Property Management of Georgia and its territorial body. Besides the order established by Law of Procedure, transfer of information, connected with financial fortune - stocks, share 60~0 v;:ihol.10. cno'bOJ";'.)MO 06 O'JMO~O'J~O Jo- - of a legal or physical person to anyone, except Mou cno606bj',m06 - 0doo:Joo, 'tjo~o - i:.:::0.303- himself, is allowed only under the decision of aoMJO-;:J~O 06cnC'lMa0ooou 30ooa0, m3om 0a Jo- the Court. Mob 30Mi:.:::0, cl;pd~:)00 3bC'l~C'l~ u0u0a0Mm~C'lu o.)~0v tlJ:)00~:JOOm. a'Z)b~o 12. J->6M6ob .)a(').1aa~:J3.)Um.)6 ~->J->3- Article 12. List of Normative Acts to be Ap­ OOM:JOOm aob.)~aoo 6Mt'»a->~o-;::i~o .).i~aoo proved in Connection with Enactment of this Law 1. ->a J->5C'J6o b 0a('J ja:.J~::ioo~06 3 m30 b 30~0 clo Lio J->Mm3J~C'l b LI.) b:J~av 0'{3C'J jM6JOO 1.1 800m3ob b.'>3o6oboi::)("') clJ03-z)cl03Jo'b ~0 lk1 j<'>Mm3J~C'l b JMJ 'bo~066 'b ~-> b036J0(3J◊~0~ ?'0M'J~o::i6k 0) JMOJ0oo'bJOOU 306bC'lMOO:J~JOOU JMmo .)00 3J33ob JMC'l:Jdob :JMC'l36';'.:)~o 300M6;:roou O·'~J:)';'.:)~O ~0M2,:)00U aobJ~3om; 0) ll0JM03<'>60'b:JOC'l ll0 b:J~av 0'{3C'l jM6:JOO b ll.'>91:Jobo <[J0UOU 306b0'bi:::?3~>0U vabu. 2. ..,3 J<'>6C'l6ob ->aMja:J~:)00~06 3 m3ob 30~0 do ti.) J->MmJJ~C'l b U.) bo~av 0'{3M JC'16;JOO 1.1 30Mm3ob 3o6ob6Mo ->80.3oooob ~JO';'.:J~J◊Jok 0) U.>b:J~a\j'ocnC'l JM6JOOU JC'l6J:JMUOU '{3MM 3om JM030oo'bJOOU O:JU.>bJO; <'>) U.>b;:i~avocnC'l jC'l6;JOOU c>';'.:),'.)ooC'l6ou '{3C'JM 3om JM030oo'h:JOOU dJU->bJo; 3) l).) ba~3vocn(') jM6:)◊0 b O~.)M0-30a(') b30~30 u '{3MM3om JMOJ->oo'b:JOOU O:JU0b::io; i:.:::) b0b;:i~avocnC'l jC'l6:)60U JoM~.'l~MO ao~r 0~30 ll '{3MM3om JMOJ->OO 'h;:i<'>o ll Q:) ll.'> b;:io; ::i) b0b;:i~avocnC'J U0J7JmMJ<'>.>ctO .)MllJ07J~O 0joo:JOOU 30Mm3ob 'Zl'n~JOOU JC'l6J:JMUOU 'U,'lM3om 00~..'lGJaob 'o:Jb0bJ<'> 3. b0j.'>MOlJ:)~C'l b aoM3MC'J◊.)a ~.) JMM3 67J~a0 006 Ja0 0a J06M60 u 0a(') 3a8~J00~..,5 2 m30 b 30~0 clo aC'J03%0~M6 ~.) U.) j0Mm3J~C'l I; J0h~0a;:i66b 006b0bo~3J~0~ v0M0~0o6C'l6 lg'o60i:.:::0~Jt'>aoo JM030oo'b;:ioob JMC'lQ:J'uclo (19 9 3 v~ob 1 .'>3MO~.)a~:)) .)6.)0M:JOOU acn~C'lOJ~O).) 3C'J60\g'n~JMOOU ao'b.'>60JvM6o~C'l◊OU.) ~.} a::1 j.)OO 'b3o u m..'lM00 'hJ. 1. The Ministry of State Property Manage­ ment of Georgia shall work out and submit for approval to the President of Georgia within 3 months after enactment of this Law: a) a Unified Program of privatisation by sectors of national economy; b) The order of determination of initial price on state property to be privatised. 2. The Ministry of State Property Manage­ ment shall approve the following Regulations within 3 months after enactment of this Law: a) On Privatisation of State Property by Competition; b) On Privatisation of State Property by Auction; c) On Privatisation of State Property by Lease-Redemption; d) On Privatisation of State Property by Di­ rect Sale; e) On Transfer by Competition of the Right of Management of State-Owned Stocks. 3. The Government of Georgia and National Bank must prepare and submit for considera­ tion to the Parliament of Georgia proposals on expediency and forms of participation in priva­ tisation of depositors ( until April 1, 1993) within 2 months after enactment of this Law. Chapter V. Final Provisions ~.) Article 13. Enactment of the Law and List of Acts Subject to Invalidation 1. :JU J.)6M6o ,)aMj8~~:Jb o,)a(").13;m6::iools 0),)6.)3:J 2. .)a J.)6M6ob ,)8Mj8~noob ~~~.')6 0,)~­ .)~.)J.)M3-;:J~.)~ t;;.,om3.)~M k .)) U.)~Mm3:)~Mls M;Jhj~o~OJOls -;:i'h;:i6.,3lso U.'>O~MU 1991 v~ols 9 .)33ou0Mb N~342-Ils ~.)~3:J6o~no.) ''u.)j.)MOlJ:)~Mls M::JM~o~OJ.)00 ls.,ba~avocnM ls.,v.,M8Mcn.'> jt<103.'>0o'h:)2>0ls a::ils­ .'>b::io" b.)j.)MffiJ:J~Mls M:Jlsj-;:io~OJOls J.)6M6ols ls.,8Mja~M~ a::iaM~noou 0},)(")0,)'ha" ("u.)d,)­ Mm3:J~M" M:J'uj~~OJOU ";j'h:)6.'l:JUO UM>~MU ';'.JVtJ:J0:)0011, 1991 v-, M8, &;:Jb. 583); o) ls,):J.)t<1m3::i~Mls t<1::ibj-;:io~0Joh 19 91 v~ols 9 .)33oh0Mls J.)6M60 "ls.)j.'>Mm3:J~Mls M:JM';'.]O~OJ.)OO U.') b::i~avo~M U.')V .'>M3Mm.) .)t<lo 3"0o'b:J3ob O:JU.'lb:JO" ("u.):J,)MffiJ:)~MU M:Jbj~­ ~OJOU -;:i'b::i6.):JUO ls.'>3ifMls 'Z)Vtl:J0:)0011 , 1991 V·• M8, ~b. 582); 3) U.'lj.'>Mm3~Mls j.)M~.)3::i6oob 1993 v~ols 6 .).)t<lo~ols M209-1b ~~3::i6o~no.) "ls.) j.)MffiJ:J~M ls M:J lsj-;:io~o JO b ao6o ls0t'Jm,) J.'>OOO:JQOU.)m3ob 19 9 3 V!!:?OU ls.,b::i~avo~M jt'JM3M.'18om o"ffi3.)~ols'tjo6no"ZJ~O ls.).)Mo3,)o­ o 'h:JOM MOO;)jQ:)00 ls 6-;:i ls bob ~.)aQJ00:)00 ls ;:J~~::iools ~:J~:J3of\:ioob aab..,b::io" ("ls.,.'.).)t<lm 3::J~M ls j,)M~,)8::i6oo b -;:JV tj;)O:JOO, 19 9 3 V · 6, 8-z)b. 84); ~) U.)j.)Mffi3:J~MU U.)ba!!:?avo~Mls a::im,)-;:JMOls 19 9 3 v~ob 26 6M::iaoMols N~238 OM0.)6:JO'Zl~:JO,) 11U,) j.)MOlJ:J~M b M:J lsj-;:JO~OJO ls ls,)b::i~avocnM U,)\j,)M8Mm.) M>o3.)oo'h.)ooob U.)b­ ::i~avocnM jt<1M3M.)8ob 8Mj8:)~:JOOU 3~ols 3"3Md:J~aools,) ~,) 6,)vo~MOMo30 03~o~no::iools anls,)b::io"; n) ls.)d.)Mm3n~M ls ls,) bn~av O<fiM b a:)Ol.)'Z)MO ls 1994 v~ols 11 .,j('\)o~ob N2184 3.)6J.)M37:i­ ~:JO,) "ls.).-j,)fuaa~Mu M:Jls3-;:Jo~oJob ls,)b::i~a­ vocnM U.)'tj,)M8Mm.) j('\)03.'loo'h.)ooob .)MMO:JUOU UM-;:J~ac->cnols 3"~.'l";'.J~;:JO;:J~ J::?M6obdo::io.)m,) O:JU.)­ bno"; 1. This Law enters into force upon promul­ gation 2. As of enforcement of this Law to invali­ date: a) Resolution No. 342-Is of the Supreme Council of the Republic of Georgia of August 9, 1991 "On Enactment of the Law of the Re­ public of Georgia On Privatisation of State­ Owned Enterprises in the Republic of Georgia" (Sakartvelos Respublikis Uzenaesi Sabchos Utskhebebi, 1991, No. 8, art. 583); b) Law of the Republic of Georgia of August 9, 1991 "On Privatisation of State­ Owned Enterprises in the Republic of Geor­ gia" (Sakartvelos Respublikis Uzenaesi Sab­ chos Utskhebebi, 1991, No. 8, art. 582); c) Resolution No. 209-Is of the Parliament of Georgia of April 6, 1993 "On Delegation of the Right to Approve the List of Units to Be Privatised in Accordance with the State Pro­ gram of 1993 to the Cabinet of Ministers of the Republic of Georgia" (Sakartvelos Respublikis Parlamentis Utskhebebi, 1993, No. 6, art. 84); d) Decree No. 238 of the Head of State of the Republic of Georgia of 26 November, 1993 "On Prolongation of Term and Making Amendments to the State Program of Privatisa­ tion of State-Owned Enterprises in the Repub­ lic of Georgia"; e) Decree No. 184 of the Head of State of the Republic of Georgia of April 11, 1994 "On Urgent Measures of Perfection of the Process of Privatisation of State-Owned Enterprises in the Republic of Georgia"; 3) 'b.)j.)Mffi3::J~MU 'b.)b;:i~avo<r3MU O;)ffi.)'Z.)MOU 19 9 4 \J~ob 22 036obob N~l20 3.)6J.)M371 r:'.?JO.) "M;ju.'i710~0 JO 'b M:JoOM6:foo U.) b:3~~Cl<3M jM6:JOOU .)Mo3.)oo'h.)ooou .)MMO::JUOU a.)Mm3ob 'bM30;:iMmo U.)Jombou dJU.)b;:io"; 'b) U.) j.)Mffi3::J~M u b,{b;:i~av O<r}M b a;:im.)'Z.)MO u l994 v~ob 26 .)33ouoM'b M278 OMd.)6~r ◊';:)~:)0.) 11~.)-;:iam.)3M;JO:Jc::? ao::i6:JO~M().)ffi.) .'iM0 3060 'h:JOo u ~.)a.)onoom ~M6o bdo::JO.)ffi.) d;J U.) b::io"; m) U.) j.)Mffi3:J~M 'b U.) b:Jc::?dv o<BM b a::im.)'Z.)MO u 19 9 5 v~ob 17 o.)63f>ob Ml3 0Md06i>'ZJ~::J6.) "l10;j0Mm3:J~MU M:JU.)'Z)Oc::?OJOU u0b:3c::?avocnM il.) V .)MOMm.) .)Mo3000 'b0000 u U.) b::i~avo<r3M .3MM0M.)0.) clo 19 9 5 V C'.:?O 'b0m30 'b 03c:!!0~:)0:)00 uc1 ~.) ~jajo:JO:JOOU a:3b0b::io"; 0) U.) J.)Mffi3:J~M l.i b b:JC'.!!av O<r}M 'b a:)ffi<l7)MO l.i 19 9 5 v~o'b 13 a.)Moou N!63 <>Md.)6:JO'ZJ~:Jo.) "80UM6Mo30 .)Mo3.)oo'b.)oool.i 3.)6bMM(30:)~:)00U 'J'hM';:)63:1~:wM~OU MM3.)6o'b.;000c::? - :JJM6Mao­ J';JMO ~M6oudoD3::ioou a::iu.;b;:io"; J) u0a0Mma:JC'.!!Mu b0ba~avD<BM" a::im.)';'.)Mob 1995 v~ou 11 036olmb N!228 oMd.)6:JO'ZJ~:JO.) "u.)bac::?avocnM dMc::?~063';:)MO Jf'l~OO.) 11U.),16.;3 (J)f'l().)MMl:!!7)aO:JOOU11 cl::i.-Ja6ob cl::ib0b::io"; C7!!) Mj.)Mm3:Jc::?MU U.)b:JC'.!!avo<r3MU 8;:im.;'Z)MOU 19 9 5 v~ob 21 036o'bou N!88 3.)6J0Mo'ZJC'.!!:JO., "a;, UMOM030 .)Mo3.;oo 'b.)ooo u UM';'.)~ WJ<r}O U.) I:!!.) 301ioo b0.'.}.)M0>3:)~MU dMJ.)C7!!0J:);JOOU 3M6.;vo~::i­ tYJOOU ';'.)'bM'ZJ63:JC'.!!tfMCUOU ~M6oudono00').) O;JU.) a) U.) j.)Ma>3:J~M U U.) b;:ic::?av O<r}M U a::im0';'.)MO U 1995 v~ob 21 036oliob N~250 ~cl06;:io--.:ic::?aoj ".1'ZJm.)O b clo .)M.) l.100 bM3M;JO:)C7!!0 CU.)Ma>MO;JOO 'b 0Mo306o'b->ooob C!!.)g.'.}->r>::JOO'l.ij l:!!0 0 dr>.)30 .'.}M6::r ooh 30f'>m3o'b 3Mv:JUM03:JOOU cl3b.';bno"; 6) 'h.);pMm3~MU U.';b:)c:!!dVO<r}f'lU a:3m.';'ZJMOU 1994 v~o'b 27 ua.16:JOOMOU M209 306J.)M­ cfJc::?:JO.) 11U.'; boc::?avocnM M\7.';Mcl<-'lm.) JM03.)oo­ 'b.';ooo'b .°lMMQ::)UOU d:J~3M00 C!!.';g:PM:JOOb l:!!0a.;6:J<>om ~M6o'bdo:JO.';m0 O::JU.;b;JD"; M) 'b0.'.}.)Mffi3:J~M'h M:J'h-'i7lOc::?OJOU 'b.>l'.>:)~avo­ «nM 'b.)0,1MU 1992 v~oli 20 8.;ouob e!!:W'ry:JOO 11U.) J->Mffi3:Jc::?M b M:) 'b.'i'ZJO~O JO b b0 b:JC7!!~ ocnM dM6:JOOU a.;f'>m3ou U.)b:J~cJv'ocnM JMaooaoou onu.)b30"; f) Decree No. 120 of the Head of State of the Republic of Georgia of June 22, 1994 "On Certain Problems of the Management of the Process of Privatisation of State Property in the Regions of Georgia"; g) Decree No. 278 of the Head of State of the Republic of Georgia of August 26, 1994 "On Additional Measures of Privatisation of Unfinished Buildings"; h) Decree No. 13 of the Head of State of the Republic of Georgia of January 17, 1995 "On Making Amendments and Addenda to 1995 in the State Program of Privatisation of State­ Owned Enterprises in the Republic of Geor­ gia"; i) Decree No. 63 of the Head of State of the Republic of Georgia of March 13, 1995 "On Organisational and Economic Measures of Pro­ vision of Carrying out of Mass Privatisation"; j) Decree No. 228 of the Head of State of the Republic of Georgia of June 11, 1995 "On Foundation of the State Holding Company "Saknavtobproduktebi"; k) Decree No. 88 of the Head of State of the Republic of Georgia of June 21, 1995 "On Per­ fection of Mass Privatisation and Measures of Provision of Georgian Citizens' Participation in it"; 1) Decree No. 250 of the Head of State of the Republic of Georgia of June 21, 1995 "On Ac­ celeration of Non-Residential Space Privatisa­ tion and Regulation of Management of Real Estate in Kutaisi"; m) Decree No. 209 of the Head of State of the Republic of Georgia of September 27, 1994 "On Additional Measures of Acceleration of the Process of Privatisation of State-Owned Enterprises"; n) Decree of the State Council of the Re­ public of Georgia of 20 May, 1992 "On the State Committee of State Property Management in the Republic of Georgia"; J) UjjjMffiJJ~MU MJUJ-;:JO~OJOU amj3MMOOU 1992 v~ob 5 ajtv10ob M268 ~~3060~;:ioj 11JMOJ.)60'b.)ooob JMMQ;JUOU 'Z.J'bM'Z.)63::J~l:JM<nOU 'bM30;:itv1mo !!?M6obdo;::ii'>noou dJU.)boo"; tJ) UjjjMffiJJ~MU M;JUJ-;:JO~OJOU dffi.)JMMOOU 19 9 2 v~o u 11 j33ou0M u NQ829 ~j~306o~;)Oj "u.)j.)Mm3o~(")U M;JUJ-;:JO~OJOU Uj b;:i~av ocnM u.:iv ji')a(")mj JMOJ.)<,O 'bjooo 1; Uj b­ :::i~av ocn(") JMM3Mj3ob d;JUjb::io"; M) U0j.)Mm3J~MU MJUJ0o~o0ob 3aMJMM oou 19 9 2 v~ob 21 uod0n3otv1ou M9 43 ~j~ 3;:i6~;:io0 "b0306ob0MMJOOUj ~j 'ZJV~JO;)OOU.)m 3ob Ujbo~avocnM jM6;:ioob <rj~MOOUj ~j U.)M­ o;JO~MOOU 'J<n~::iojmj ~o~::i0otv1;:ioou o;:iujboo"; u) U0j.:>Mm3J~MU M;JUJ'Z)O~OJOU 306o'h0Mm0 J.)Oo600ob 1993 v~ou 14 jJMO~OU M287 ~j~306o~; JO.) 11Ujj.)MffiJJ~MU M; JUJ-;:JO~OJ.)00 U.'IJM03."10o'b..)oo(") ()j('}j(J);:JOOU uou0;:i3ou O~t a(")!!?o<'>ob a;:iu.)b;:io"; <,) b.'lj.)MffiJJ~Mh M::JUJ00~0JOU 3o6ob 6Mm.) 0."1006000 b 19 9 3 v ~ob 6 .)330 U<,M b N2628 ~.)~3J60~JO.) "u."1j."1Mm3::i~MU M;JUJ-;:JO­ ~OJ.)00 ll.'IJM03.:i0o'b.)oO(") ()jM.')mooob bou0n3ou u."1aM3an~M~ anaM!!?noou U.lJMM~o6.)ooM ujo­ ~Mu ~j <,[JM00MMO'ZJ~O JM3ouoooou cl;:ij36ou O[]Ujbno"; ;:i) U.Jj.JMffiJ;)~MU MJUJ';'.}O~OJOU 306ou0Mm.J J.'I00600oli 1993 v~ou 20 j33ou0Mb M634 ~.')~3::i60~::i◊j 11dM~~o63-;:itv10 JMdJ.)6onoou (JM~~o6oooob) cloj36obj ~j U.)j3o.)6MOOU Uj­ in-;:id3~;JOOU cl;:iujb;:io ~000~;:ioou ~ja0 Joo::ioou O')j(')()j 'h;:i II; <r.3) U.)j.)MmJ;J~Mh MJUJ0 o~oc3ob 3o6ob <,Mm.) J.')Oo600ou 1994 v~ou 10 M.'.)<,MdOMOU M 725 ~j~3J6o~JO.) "j. tv10um.)300 U.)Oo6.)M­ U.)::JjUJ~-z.J"0<lQOM MM3j60'b.l(30[)001; 0.)~j6b'b;:i MOO b-;:i~ O;J6MO;JO do o.)6mj3 U;JO-;:J~O MOOJd0::i­ oo b JM0300o'b;:ioob JMMQJUOU 3Mv;JUM03ooob O::JU<lboo"; j) U.)j.)Mm30~MU MJUJ-z:JO~OJOU 3o6ob<,Mm.) J.)6o6ooou 1993 v~ou 17 6MJdOMOU NQ809 ~j~3;J60c:::?JO.) 11U.) j.)MmJ;Jc:::?M b M;J b.30oc:::?o JO u Ujbo~avocnM U.>v.')Ma(")mj .3Mo3.)0o'b0ooob Ujb­ ::i~avoinM JMMoM<ldOU 3Mj3J~JOOU J.>~ob 3j3Md;:3~[)00llj ~.) 6jvO~MOM03 0:)(33~ob cl::ib­ jb:::io"; o) Resolution No. 268 of the Government of the Republic of Georgia of March 5, 1992 "On Certain Measures of Provision of Privatisa tion"; p) Resolution No. 829 of the Government of Georgia of August 11, 1992 "On State Pro­ gram of Privatisation of State-Owned Enter­ prises in the Republic of Georgia"; q) Resolution N 943 of the Government of Georgia of September 21, 1992 "On Delegation of the Right to Own and Use State Property to the Ministries and Departments"; r) Resolution No. 287 of the Cabinet of Ministers of the Republic of Georgia of April 14, 1993 "On Introduction of Privatisation Se­ curities in the Republic of Georgia"; s) Resolution No. 628 of the Cabinet of Ministers of the Republic of Georgia of August 6, 1993 "On Foundation of Co-ordinating Board and Territorial Commissions of Putting into Operation Privatisation Securities in the Republic of Georgia" t) Resolution No.634 of the Cabinet of Ministers of August 20, 1993 "On Approval of Regulations on Foundation and Principles of Operation of Holding Companies" u) Resolution No. 725 of the Cabinet of Ministers of October l 0, 1994 "On Regulation of Privatisation of the Units Located in Build­ ings Registered in the Lists of Dwelling Main­ tenance Organisations in Rustavi" v) Resolution No. 809 of the Cabinet of Ministers of the Republic of Georgia of No­ vember 17, 1993 "On Prolongation of Term and Making Amendments to the State Program of Privatisation of State-Owned Enterprises in the Republic of Georgia" !!?) h.)3.:,tv1m3;J~Mb M::Jb.3-;:ioc:::?oJou 3o6ob- w) Resolution No. 916 of the Cabinet of <,Mm.) J.)oo600nb 19 9 4 v~ob 31 ~:)J:)36Mob Ministers of December 31, 1994 "On Making N~916 ~.'l~3::J60~:J6,) "b.'l~MOl3::J~MU M::Jb.3-;j, ~OJOb b.'lb:J~avocn(") U.'lV.'lM3Mm.'l JM03.)60 'h,)ooob U.)b:J~avocnM .3MMl/>.)a,)clo 19 9 5 v~oU.)m3ols 03~0~:JO:JOOU.) ~.'l ~.'la,)6:JO:JOOU clo6,)6ob aau,)b::io"; a) b.'lj.)Mm3:)~MU M;)UJ-;'.)~OJOU 3o6ou6MOl.) J.)oo6n6oh 1995 v~ols 18 o.'l63Mols N214 ~.)~3;:i6o~n<>.'l "u.'lj.)Mma:J~M b M:J b.3'J~OJ.'l oo U.'lJM03.)0o'h.'looM ().)M.'l(7):JOOU lsou0;:iaou U.'laM­ d3:J~M~ O:J3M!:!'!;)00U !:!'!M6oudo:36.)m,) o;:ibb:)6"; a) U.'lj.'lMm3::J~MU M:JUJ-;'.)O~OJOU 3o6ob6Mm.'l J..)Oo6n0ols 1995 v~ob 18 o.'l63Mols N~20 ~,)~3:)60~:JO.'l 11U.'lb::J~avocnM jM6::J(>OU 0%.'lMOm 3"0::Jaou.)b U.)0%.)MM joMoU 3.)6U.'l 'b!:!'!3MoU.'l ~.., 3.)~,)b~ou V:JUOU O:JU..,b:Jo"; f;) U.)~Mm3:J~MU M:JU.37.JO~OJOU ao6oh6MOl.) ,poo600ou 19 9 5 v~ols 10 a.,fl6oh N2128 ~,)~3:J60~:JO,) 11U.'lJ.)Mm3:J~MU MJUJ7JO~OJ.'l00 U.'lb:J~3vocnM aa,)M(7)3J~<'100U .'l~3o~MOM030 MM0.)6M::JOO b b.'loo6.'lM U.'l:JJU.3~7.J.'l0.'lQOM MM 3.)60 'h.'JOO:JOO u (),)~.'l6u 'ha Moo b'J~ .)M.'l bo bM3M:J6:J~ <B.)MmMOJO clo 3.'l6m.'l3 U:J6'ZJ~O MOOJJ0:JOOU .)f>o3.'l6o'b::ioou ~.'l~J..,MJOOU oau­ .'lb:JO"; d) U.'lJ.)MOl3:J~MU M::JUJ7JO~OJOU ao6o'b6Mm.) J.'loo600ou 1995 v~ou 10 a.,obols N2248 ~..,~3:)60~:J<'>.'l 11U.)J.'lMOl3::J~MU fl;jb.37:JO~OJOU ~:)J.)M6.'liJ::J66 11U.'l,•fa.) 'hob II U.'lV .'lMilM:JOO U.'l ~.., MM3.'l6o'b.'loo~b .'ljQOM60MJOOU.'l ~.., JM03..,60 'h.'l(300U ~..,i;J..,M:JOOU !:!'!M6obdono.)m.) d;JU.)bno"; v) °h.'lj.'lMm3:J~MU M:Jh.37.1o~OJOU 3o6oh6Mm.'l J.'l006::i6ob 1995 v~ob 6 036obob N~329 ~.)~3::i6o~no.., 11JM03..,00 'h.)ooo b h.3::ioo.)~O 'hn­ O'Z)~O (U.)O.'JM.)OlM) U.)063:J '16oooM <BM~:)00 b clou,)b:J6"· 3 . ..,a J.)6M6ols a::i-12 371b~ou 3n-2 .37.J6d6ob .., ) , 0) ~.'l 3) D3:J3"J6a6:J00m 3.'lm3.'l~­ ouvo6::J07.J~O ~:J07.J~::J6;J60li d,)~.)dO d:JU3~ob ~c-;,o~.'l6 d..,~.'l~.'lJ..,M3 7)~..,~ ~.'lom3.)~M b U.'l J.)Mm3;3~M ls M;J ls.37.JO~o JO u 3060 b6Mm.'l J.'l00 6::i6o ls 1994 v~ou 21 o..,63Mou N242 ~,)~3:)60~:JO.'l 11U.) b::i~av ocnM (37.J6ooo.3.'l~7.JM) U.) J'Z)OlM:JO,) ao .'lM U:]07.J~O U.)JMo~p6o 'h.'lQOM MOO;JJ0:JOOU JM6J7.JMUOOl 3.'l80~3ou O:JU.'lb:JO ~:)07.J~;JOOU ~..,a6J0(3:)00U m.'lC'lO.'l'b:J", U.'lJ.'lMOl 3:J~MU M:JU.37.JO~OJOU am.'l3MMOOU 1992 v~ou 29 3.'louou N~612 ~..,~3n60~::io.., 11u.'lj.'>M0>33 ~Mu M:JM7JO~OJ.'l00 U.)b:J~avocnMm.'l U.'lV.'lM Amendments and Addenda to 1995 to the State Program of Privatisation of State-Owned En­ terprises in the Republic of Georgia"; x) Resolution No. 14 of the Cabinet of Ministers of the Republic of Georgia of January 18, 1995 "On Measures of Putting into Opera­ tion of Privatisation Securities in the Republic of Georgia" y) Resolution No. 20 of the Cabinet of Min­ isters of January 18, 1995 "On Determination of Lease Rent and Order of the Payment on Leased State-Owned Property"; z) Resolution No. 128 of the Cabinet of Ministers of the Republic of Georgia of March 10, 1995 "On Acceleration of Privatisation of the Units Located in Non-residential Spaces Registered in the Lists of Dwelling Mainte­ nance Organisations of Local Authorities in the Republic of Georgia"; z( 1) Resolution N 248 of the Cabinet of Ministers of May 10, 1995 "On Transformation into Stock Companies of the Enterprises and Organisations of the Department "Sakgazi" and Acceleration of Their Privatisation in the Re­ public of Georgia"; z(2) Resolution No. 329 of the Cabinet of Ministers of the Republic of Georgia of June 6, 1995 "On Specialised Investment (Bond) Pri­ vatisation Funds." 3. As of entering into force of provisions envisaged by subpoints a), b), c) of Article 12.2 of this Law to consider invalidated: Resolution N 42 of the Cabinet of Ministers of the Repub­ lic of Georgia of January 21, 1994 "On Ap­ proval of Regulations on the Sale by Competi­ tion of Units in State (Municipal) Ownership Liable to Privatisation" and Resolution No.612 of the Government of the Republic of Georgia "On Approval of Regulations Related to the Enactment of the Law of the Republic of Geor­ gia "On Privatisation of State-Owned Enter­ prises in the Republic of Georgia and Resolu 3MOM jMoa.)6o'b::ioob cl;:ib.)b:J<'>" U.).i.)Mm3~Mb M~jhj';'.)O~OJOU J.)6M6ob ao~:J<'>.)Um.)6 ~.)J.)a7foM::i­ oom ~:JO';'.)~:)<'>.)m.) ~.)a6JOQ:)<>O u ffi.)MO.) 'ha" ~.) ij.).i.)Mffi3:J~MU j.)M~.)an66ob 1994 v~ob 20 bad6a3oMOU ~.)~o::i6o~:J<'>,) '"\s.) b::i~avocn(') ;jM6:J<'>ob o~~om 3.)G:Jdob ~:JO';'.)~:J(>Ob ~~6Joo:J<'>ob o;:ib.)b::io" (u.).-J.)Mffia::J~Mb ~M~.)­ a::i66ob ';'.JV8:JO:JOO, 1994 V·• NQ20 ~b. 431). U.)j.)Mffi3::J~Mb jM:J'h~n66o :J~';'.J.)M~ O:J3.)~6.)d3 moo~obo, 1997 v~ob 30 a.)obo 743 - Ilb tion of the Parliament of Georgia of September 20, 1994 "On Approval of Regulations on Lease of State Property" (Sakartvelos Parla­ mentis Utskhebebi, 1994, No.20, art. 431 ). President of Georgia Eduard Shevardnadze Tbilisi, May 30, 1997 N 743-11s