TEST YOUR KNOWLEDGE

TEST YOUR KNOWLEDGE

High Council of Justice of Georgia

High Council of Justice of Georgia

High School of Justice of Georgia

High School of Justice of Georgia

Disciplinary Committee of Judges of Common Courts of Georgia

Disciplinary Committee of Judges of Common Courts of Georgia

Georgian Bar Association

Georgian Bar Association

Coalition for an Independent and Transparent Judiciary

Coalition for an Independent and Transparent Judiciary

National Center for Commercial Law

National Center for Commercial Law

National Center for Alternative Dispute Resolution

National Center for Alternative Dispute Resolution

Arbitration Initiative Georgia

Arbitration Initiative Georgia

EWMI/PROLoG Supports Second Workshop to Develop Company Law Course for Judges

28 June 2017 Professor Gelter introducing the principle of Duty of Care to the audience

EWMI/PROLoG, in cooperation with the High School of Justice and the German International Development Agency (GIZ), organized a second Training of Trainers workshop for selected Georgian judges on Corporate Law and Governance in Georgia and the EU.  Like the previous workshop in May, the June 10-11training included presentations, case studies, discussions, and exercises that guided the “judge trainers” on the most important company law concepts, such as fiduciary duties, the business judgement rule, and the duty of care of directors. 

Under the EU-Georgia Association Agreement, within the next three to five years Georgia must implement several EU company law directives. In 2016, the Georgian Government started the implementation process and with donor support, including from PROLoG, developed a draft Company Law that is expected to be adopted this year. The new Company Law will introduce modern legal features into the Georgian legislation governing companies, which will enhance corporate governance, attract more investment, and foster economic efficiency. After the adoption of the new Company Law, Georgian courts will have to apply new legal concepts and interpret the law in accordance with the EU directives. It is expected that the EU directives will continue to have a strong impact on the development of Georgian company law for many years to come and that this course will serve as a baseline for future courses for judges. The trainers trained through the EWMI/PROLoG and GIZ workshops will help prepare Georgia’s judges for these new and increased responsibilities.

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