Investors Handbook. A Legal Guide to Business in Georgia
company, this company is not authorized to purchase the state/municipal property.
In order to participate in the auction, the interested person must submit an application to the or-
ganizer of the auction.
The application should include:
a) Requisites of the interested person;
b) Name of the property and the lot number;
c) Initial sale price of the property;
If the auction includes certain conditions the application shall indicate that the participant as-
sumes obligation to meet these conditions.
In order to participate in the auction, it is mandatory to submit an unconditional and irrevocable
bank guarantee to the organizer of auction. The amount of guarantee varies for each case, and it
is determined by the seller.
Note: If the auction offers several lots, and a person wishes to buy two or more lots, the bank
guarantee has to be submitted separately for each lot.
annaabi.ee 
