Comment on the decision of High council of Justice of Georgia
According to the decision of High council of Justice of Georgia business law and investment disputes above 500 000 GEL will be ruled by 4 judges of civil law panel. Mr. Akaki Chargeshvili was invited to the TV show Business Code to assess legal outcomes of the decision. Mr. Akaki talked about the faults of the decision that might cause vagueness of the proceedings, as for example there is no legal definition of Business law and investment disputes. Mr. Akaki pointed out that on the opposite to all the expenses that country incurred to promote and encourage small and medium business, disputes of such enterprises will remain time consuming, which hinders the development of small and medium business.
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