Investor Council Members And Georgian Business Leaders Meet With The Secretary General Of The ICC Court Of Arbitration

20 Jun 2024

Mr. Alexander G. Fessas, the Secretary General of the International Court of Arbitration of the International Chamber of Commerce (ICC), met with members of the Investors Council, along with Georgian business leaders, representatives of diplomatic community and  international organizations at the Biltmore Tbilisi Hotel on 14 June 2024. The high profile meeting was organized by the Investors Council Secretariat, as part of Mr. Fessas brief visit to Tbilisi to mark the historic milestone of publication of the ICC Arbitration and Mediation Rules in the Georgian language.

The focal point of the discussion was the opportunities for Georgian businesses in international commercial arbitration and the challenges they face. Mr. Fessas and Mr. Nick Gvinadze, Chair of ICC Georgia Arbitration & ADR Commission, discussed the availability, relevance and advantages of ICC arbitration and the role of the newly published Georgian version of the ICC Rules in bringing the ICC arbitration closer to the business community in Georgia.  

Mr. Fessas particularly emphasized the importance of the Memorandum of Understanding signed between the ICC Court and Georgia in 2018 and reinstated ICC’s continued commitment towards promoting Georgia as the regional hub for international dispute resolution.

The presence of the Secretary General underscored the importance of the dialogue, reflecting a commitment to enhancing the arbitration framework and addressing the complexities faced by businesses in cross-border disputes.