Businesses Should Know that they Are Able to Protect their Interests in Arbitration or Court

Vano Ioseliani, head of the My Rancho company, noted that Georgia has implemented a lot of reforms, and the country is ready to establish an arbitration court. 

“Georgia is ready to establish a Paris Arbitration Court, because we see that this country can implement reforms. Competent people should manage the reformation process. The country should show willingness to resolve disputes rapidly and competently. Today, the key challenge is that many judges do not have due competences. Protracted cases and queues create another unresolved problem. Business disputes may start in 2004, then it may be appealed, and the final decision may be passed in 2024, when dispute lose relevance. This is a key problem. Businesses should know that they are able to protect their interests in arbitration or court, and the dispute is dealt with  by competent bodies”, Vano Ioseliani said.