Justice Ministry launches reform of commercial, tax dispute system

Georgia’s Ministry of Justice has announced a reform of commercial and tax disputes to improve and modernize the country’s investment climate. 

The country’s Justice Minister Thea Tsulukiani today said the reform envisaged the creation of special chambers, composed of judges with specific expert knowledge, to timely and effectively solve business disputes. 

The reform, which is liked and approved by the Government, will promote fast and competent verdicts over business disputes [and this will] significantly improve Georgia’s business climate,” Tsulukiani said. 

The reform would also support the increased inflow of Foreign Direct Investments (FDIs) and genuine advancement of the Georgia’s economy. 

From a legal point of view, creation of special chambers to hear cases would decrease the number of financial disputes in courts, the Minister said. 

Local law firm Dechert Georgia, which is a branch of the international law firm Dechart, will consult the Ministry while it prepares the reform’s legislative package. 

Tsulukiani said the package was likely to be presented to Georgia’s Parliament in the first half of next year. 

The Justice Ministry noted Dechart was a valuable partner and had sufficient experience to consult the agency as the legislative package was drafted. Dechard international currently operated in several countries and the firm had high knowledge of commercial legal systems in the United States, Great Britain, Ireland, Singapore and more.