ICC and Government of Georgia sign dispute resolution advancing MOU

  • 20 December 2018
ICC and Government of Georgia sign dispute resolution advancing MOU

Paris 20 December 2018 – The International Court of Arbitration of the International Chamber of Commerce and the Government of Georgia have signed a Memorandum of Understanding aimed at enhancing dispute settlement services and practices to promote a favourable business environment and legal culture in Georgia and more widely across the region.

Signed today at ICC Global Headquarters in Paris, the MOU recognizes that increased access to ICC’s quality range of globally respected dispute resolution services combined with strong support of the Government of Georgia will not only provide greater trust in arbitration and alternative means of dispute settlement but also bolster Georgia’s profile as the arbitration hub for the region.

President of the ICC Court Alexis Mourre, who signed the MOU on behalf of ICC, said: “Making ICC’s range of dispute resolution services more widely known and available in Georgia is strategically important to our expansion efforts, given the country’s geographic location along the Belt and Road. We are extremely pleased to announce this collaboration and look forward to a fruitful collaboration under the MOU to augment Georgia’s position as a key dispute resolution centre for the region.”

Among the Georgian delegation, led by Minister of Justice Thea Tsulukiani, were Deputy Minister of Justice Gocha Lordkipanidze, Chargé d’Affaires Teona Giuashvili, Ministry Advisor Gocha Javakhishvili, and Head of the Department of State Representation at Arbitration and Foreign State Courts Maka Gotsiridze.

Under terms outlined in the MOU, ICC and the Government of Georgia commit to promoting the use of ICC Dispute Resolution Services in Georgia, including through awareness-raising and marketing efforts.

With support from the government of Georgia, where relevant, the ICC Court will also undertake efforts to foster academic and educational activities in Georgia for local as well as regional or international purposes and audiences.

Both parties commit to maintaining continued dialogue and the organization of joint encounters and to intensify the operation of a joint working group along with consultation among relevant stakeholders.