Voting on the Draft Law on Deoligarchization to be held today, November 3, in the Parliament.

According to the bill, initiated by the Georgian Dream, 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.

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.