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Competition Agency: 1 million GEL Transfer to Humanity Georgia was Legal

Competition Agency: 1 million GEL Transfer to Humanity Georgia was Legal

On April 6 and 8 LEPL Competition Law and Consumer Protection Center submitted an application accusing JSC Partnership Fund of having violated articles 12 and 13 of the Georgian Law on Competition by transferring 1 million GEL to JSC Humanity Georgia.

Based on information collected by the competition agency and the Georgian legislation on competition, it was identified that money transfer by JSC Partnership Fund to JSC Humanity Georgia satisfies the norms of paragraph 2 of article 12 of the Georgian Law on competition that determines state assistance without consent of the competition agency.

“Based on the above-mentioned, no signs have been found that state structures have violated articles 12 and 13 of the Law on Competition. Namely, transfer of 1 million GEL by JSC Partnership Fund to JSC Humanity Georgia did not need consent from the competition agency under the current legislation on competition”, the competition agency said.