Order No 1/N of 2017 of Chair of National Environmental Agency on Charter for Holding Auctions for Use Licenses, Determining Initial Bidding Price and Payment Rules

The Order regulates auctioning off licenses for use of mineral resources. It consists of 19 articles: Definition of terms (1); Scope of regulation and agency issuing the license (2); Organization of an auction (3); Terms for participation in auctions (4); Denial of participation in auctions (5); Initial bidding price of license (6); Procedure for holding open auction (7); Rules for holding closed auction (8); Invalidation of auction (9); Formalization of results of an auction (10); Rule for making payments (11); General provisions for holding electronic auction (12); Organization of an electronic auction (13); Terms for participation in electronic auctions (14); Rules for holding electronic auction (15); Rights and obligations of the parties (16); Invalidation of electronic auction (17); Making payments in electronic auctions (18); and Dispute resolution (19). Open auctions are held on the website of the Agency of Natural Resources of Georgia or on www.eauction.ge.