Investors Handbook. A Legal Guide to Business in Georgia
dance with Georgian legislation;
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f) Transfer in management transfer of State owned shares and stocks (hereinafter shares
and stocks) to the management of physical or legal persons or other entities.
J) The third person (trustee, agent) a physical or legal person or union of persons ensuring
search of persons interested in privatization of State owned property and promotiing privatiza-
tion of State owned property through initiating privatization. The third person performs assign-
ment on the basis of agreement signed with the Ministry;
Article 3. Buyer of State owned property
1. Buyer of State owned property (except the cases of privatization/realization of State owned
agricultural land and sharing of movable property owned by the State) may be a Georgian or
foreign citizen or legal person of private law or an association of persons in which the share of