POLITICS

State Department: Overall, business and investment conditions are sound in Georgia - however, there is an increasing lack of confidence in the judicial sector’s ability to adjudicate commercial cases independently or in a timely, competent manner

29.07.22 13:00


Overall, business and investment conditions are sound, and Georgia favorably compares to the regional peers. However, there is an increasing lack of confidence in the judicial sector’s ability to adjudicate commercial cases independently or in a timely, competent manner, with some business dispute cases languishing in the court system for years, reads the US State Department's 2022 Investment Climate report on Georgia.

 

"Other companies complain of inefficient decision-making processes at the municipal level, shortcomings in the enforcement of intellectual property rights, lack of effective anti-trust policies, accusations of political meddling, selective enforcement of laws and regulations, including commercial laws, and difficulties resolving disputes over property rights. The Georgian government continues to work to address these issues, and despite these remaining challenges, Georgia ranks high in the region as a good place to do business," reads the document.

 

 

source: IPN 

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