2018-10-01
Establishment of Commercial Chambers within Courts of Law and insolvency reform were discussed at the ninth meeting of the Investors Council, chaired by Mamuka Bakhtadze, Prime Minister of Georgia today.
Focus was made on the judiciary reform and namely on the significance of Commercial Chambers to increase the flexibility and effectiveness of commercial dispute resolution. Investors Council will get actively involved in the public discussion of the Draft Law on the topic.
Investors Council also focused on the consultations related to the insolvency reform, which are getting to its close. It was noted that ultimate Draft Law will be submitted to the Parliament of Georgia in the nearest future.
Members of the Investors Council also discussed the temporary employment of Georgian nationals within the European Union (EU).
In addition to all the above-mentioned, Draft Organic Law of Georgia on Agricultural Land was also discussed. It was noted that criteria for exemptions from restrictions envisaged in the Draft Organic Law towards the title ownership of agricultural land parcels should be known to potential investors at the outset.
Prime Minister's Press Office