Entrepreneurial law of Georgia: birth and development
Abstract:
The Article discusses the history of the origin of Georgian entrepreneurial law and the stages of its 30-year development. Georgian entrepreneurial law, as a field of law, originated in independent Georgia in 1991 and its development stage has ended in 2021.
The adoption of the Law “On Fundamentals of Entrepreneurial Activity” in 1991 laid the foundation for a new legal tradition in Georgia, which established entrepreneurial law as an independent branch of law.
The Article describes the sequence and necessity of transition from state enterprises to other private companies. At the beginning of the 90s, business entities with a different legal form from the state enterprises, already start to appear in Georgian private law.
The Article discusses the historical development of the adoption of the first European-style law „On Entrepreneurs“ and the actors, who made a significant contribution to the introduction of modern European entrepreneurial law in Georgia.
The Article also compares the principles of two laws of the same name – laws “On Entrepreneurs” of 1994 and 2021 – and the correlation between imperative and dispositive norms.
Keywords:
entrepreneurial activity, entrepreneurial legal act, imperative norms, dispositive norms, balance of norms, charter
