The FINANCIAL — It is that time of year again when our world starts revolving around the World Banks Doing Business publication.
It is a time when we once more have the chance to brag about how easy it is to start a business in Georgia, about how small the tax burden on businesses is, and about how good we are at enforcing contracts. However, we are unlikely to draw attention to our rank in the Resolving Insolvency indicator, which places us in a bracket alongside countries not necessarily known for their pristine business-enabling environment.
Fortunately for Georgia, it seems that this area of weakness might be about to change for the better. Insolvency law guides the relationship between debtors, such as entrepreneurs and shareh…
Read the full article at: https://www.finchannel.com/world/georgia/76571-solving-insolvency
