Supreme court of Georgia 04-07-2024
Click to printPosted 04.11.2016
On April 11 of 2016 with the support of the German Agency for International Cooperation (GIZ) and participation of the delegation of the Higher Regional Court of Drezden a round-table discussion was held on the Topical issues of Corporative and Contract Law.
The participants of the meeting were greeted by: Chairperson of the Supreme Court and High Council of Justice Ms. Nino Gvenetadze; Chairperson of the Chamber of Civil Cases at the Supreme Court - Ms. Mzia Todua President of the Higher Regional Court of Drezden - Mr. Ulrich Hagenloch and Head of the group for approaching the South Caucasian legislation to the European standards at the German Agency of International Cooperation (GIZ) - Mr. Jens Depp and program coordinator of the same agency -Mr. Thomas Mayer
Ms. Nino Gvenetadze emphasized the significance of the traditional cooperation with the German colleagues having started decades ago, for development of Georgian legislation and expressed her gratitude towards the German Agency for International Cooperation (GIZ) for support in organizing the similar format meetings.
During the meeting the participants delivered reports concerning the Georgian and German legislations, as well, as the court practice on the topical issues of the corporative and contract laws: legislative nature of the agreements made with the directors of manufactures, responsibility of the manufacture partner – usage of the delictual norms and industrial law; Defense of the rights of minority partners, during distribution of dividends ( when the “ major” partner refuses to give away the dividends; The mechanisms of defense of the minority partner in the closed companies; the extent to which the public creditors have the right of demanding from the company director accountability for social obligations with his/her property, when the society itself does not impose liabilities and does not prosecute the director for the ineffective management); In case of avoidance of the Contract, the issue of performance and restitution of benefits according to the article N352 of the Civil Code of Georgia, whether it gives the benefit or not and how that benefit is calculated and at avoidance of the Contract how that harm caused by performance/non-return is compensated. After each report the participants within the discussion format had an opportunity of making clear their positions very actively.
The participants assessed the meeting as successful and marked, that the active legal cooperation between Georgia and Germany through similar meeting formats will significantly promote effective development of Georgian legislation.
Judges of General Court - specialists of the Civil Law, representatives of lawyers and invited guests attended the Round-Table discussion on the topical issues of Corporative and Contract Law.
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