New Notary Requirements for Transactions Subject to Public Registration in Georgia
Georgia has recently introduced stricter requirements for certain transactions that need to be registered in the public registry.
According to a new amendment to the "Procedures for Performing Notarial Acts" instruction, transactions involving parties represented by a Power of Attorney issued in a foreign country or joint activities (partnerships) must now be certified by a notary in the form of a public deed.
Previously, the public registry itself had the authority to certify such transactions. However, the new regulations mandate the involvement of a notary to ensure the authenticity and legal validity of these agreements.
This change is expected to enhance the integrity and transparency of property transactions in Georgia. By requiring notarial certification, the government aims to prevent fraudulent activities and provide greater protection for the rights of all parties involved.
Author: Iashagyan Oksana
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