Suretyship is one of the most common means of securing performance of obligations in business and banking relationships. It is often used to secure performance of a loan, bank credit, commercial debt, supply obligation, sale and purchase obligation, contract of work, lease or another contractual obligation.
Suretyship in Georgia – Surety Liability, Maximum Amount and Solidary Suretyship Read More »
Director’s liability to the company is one of the most important issues in corporate law. A director is not merely a signatory or a person managing the company’s daily operations. A director is a member of the management body who owes the company special duties of trust, good faith and due care.
In practice, the issue of director’s liability to the company becomes particularly relevant when a director manages company finances, makes decisions for personal benefit or for the benefit of a third party, fails to comply with the rules set out in the service agreement or acts without shareholder approval.
Director’s Liability to the Company: When Self-Help Becomes Unjust Enrichment Read More »
A sale and purchase agreement is one of the most common and important contracts in business relations. It is used for the purchase of goods, real estate, production equipment, machinery, shares, raw materials, finished products or other commercial assets.
Who receives a dividend after a company share is sold? The answer depends on when the dividend claim arose, when the share was transferred, and what the share purchase agreement provides.
A contractual penalty is one of the most frequently used legal mechanisms in business contracts. It is used to determine in advance the financial consequence of breach of obligation and to give the other party an additional incentive to perform the contract properly, on time and in good faith.
Contractual Penalty in Georgia – Penalty, Default Interest and Court Reduction Read More »
A contract of work is one of the most practical and frequently used contracts in business relations. It is used where one party undertakes to perform specific work and the other party is obliged to pay the agreed remuneration. Such relationships are especially common in construction, repair, engineering, production, design, technical and other business activities.
Contract of Work in Georgia – Performance, Remuneration, Termination and Dispute Risks Read More »
Establishing a Tender Joint Venture (JV) is often the overlooked solution for businesses facing strict procurement requirements. Many companies withdraw from state tenders at the very beginning, often the moment they review the tender documentation. Usually, this is due to a perceived inability to meet strict criteria regarding turnover, technical resources, or professional experience. Such decisions are frequently made before exploring alternative legal paths—paths that truly exist. The problem, in most cases, lies not within the tender requirements themselves, but in the approach of the companies. Businesses often view tenders solely through the lens of individual capacity, whereas the legal framework offers much broader opportunities.
A lease agreement is one of the most common and practically important contracts in business relations. It is often used for the temporary use of commercial premises, land plots, production facilities, agricultural property or other business assets.
Legally problematic issues related to lease agreements are directly connected with business operations, income generation, payment of lease rent, stability of the contract, contractual penalties, damages, return of property and the burden of proof in case of a dispute.
Lease Agreement in Georgia – Rent, Termination and Potential Dispute Risks Read More »
A tender complaint is one of the most important legal mechanisms for businesses in public procurement law, especially where the tender process involves disqualification, disproportionate requirements, evaluation issues or other decisions that affect competition and the opportunity to obtain a public contract.
The public procurement system is a space where law, economic competition, technical specifications, commercial interests and often significant financial risks intersect.
Tender Complaint in Georgia – Anatomy of a Successful Public Procurement Dispute Read More »
Termination of a long-term contract is one of the most sensitive legal issues in business relations. When parties enter into a long-term contractual relationship, they do not agree only on one-time performance. Such a contract creates the legal basis for continuous cooperation, financial expectations, commercial interdependence and a legal relationship based on trust.
For this reason, termination of a long-term contract usually involves significant legal and commercial risks. Improper termination may lead to a damages claim, a dispute over lost profit, a challenge to the validity of termination or lengthy court proceedings.