Georgia: Backsliding on Rule of Law Is Damaging Investment Climate

The building of the Tbilisi Appeals Court. The court vacated two recent high-profile lower-court rulings against foreign investors, but it took several months of protests, including a threat from one of the investors to leave Georgia altogether and to loudly protest on the way out. (Photo: Tbilisi Appeals Court)

A recent wave of confiscatory moves against foreign investors in Georgia – which investors blame on “corrupt courts” and rival local companies – has diplomats and the international business community concerned about a deterioration of the country’s investment climate.
 

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Ken Stier is a freelance journalist.

Georgia: Backsliding on Rule of Law Is Damaging Investment Climate

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