Tuesday, September 19, 2017
Solomon Menabdishvili, Tbilisi State University (TSU) describes Merger Control in Georgia – National Legislation and Case Law Review.
ABSTRACT: Georgia has amended its Law on Competition in 2014 in order to fulfill its obligations set out by the Association Agreement with the European Union. Despite further approximations of its laws with those of the EU, some serious flaws remain. Merging parties are obliged to submit a prior notification to the Competition Agency of Georgia if their total turnover exceeds 20 million Georgian lari (GEL) or if the value of their assets exceeds 10 million GEL (7,692,307 EUR). One of the most interesting aspects of the Georgian merger control system rests in what the Competition Agency is authorised to do in case of a failure to fulfill the notification duty. This paper will discuss Georgian rules on concentrations as well as two of its recent merger cases.