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    Ivanishvili formally applies for arbitration with government

    by | Aug 17, 2012

    TBILISI, DFWatch – The leader of the largest opposition coalition in Georgia has asked to launch an arbitration case with the Georgian state at the World Bank.

    On August 15, the 14-day term ended for the government to admit it committed illegalities and to achieve an agreement. Hence, Georgian Dream leader Bidzina Ivanishvili launched an arbitration case against authorities at the Bank’s International Centre for Settlement of Investment Disputes.

    Georgian Dream’s press office informs that the government responded by hiring the legal firm Dechert LLP. On August 13, this company informed Ivanishvili’s legal advisors that 14 days was not a reasonable term. They will respond to the message after they discuss the questions of the message with their client, the government.

    But since the 14 day term is already over, Ivanishvili’s legal advisors contacted the World Bank’s arbitration mechanism on August 15 and asked to register a suit. The businessman’s advisors are Skadden, Arps, Slate, Meagher & Flom (UK) LLP.

    The reason for the dispute is several cases of fines and other actions against Bidzina Ivanishvili.

     



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