The draft law initiated by the Georgian Dream will be discussed in the Legal Affairs Committee of the Parliament.

According to the bill, an oligarch is a person with sizable economic and political significance in public life, who is a natural person and meets at least three of the following criteria at the same time:

- participates in political life;
- has a significant influence on mass media;
- is the final beneficiary of the entrepreneurial legal entity, which has a dominant position in the market and which maintains or improves this position for 1 year;
- confirmed amount of his/her assets and those of entrepreneurial legal entities where s/he is a beneficiary, as of January 1 of the relevant year, exceeds 1,000,000 times the subsistence minimum established for working force persons, etc.

As the bill reads, oligarchs will be included in a special register. The oligarch entered in the register is limited to making donations from his/her own funds in support of political parties, performing work, providing goods, services or cash; performing work, providing goods or services through related persons and/or through such legal entities where s/he is the final beneficiary, etc.

According to the project, the law on deoligarchization will become invalid 10 years after its implementation.

The hearing will be held in the first reading. As it known, the bill was developed on the example of the Ukrainian law with a similar content and essentially repeats the norms of the Ukrainian law.