This is a working note outlining the initial processes behind the SME Test Methodology. It is a notable deliverable part of the Developing an RIA SME Test Methodology for Georgia, while strengthening the capacity of the Government of Georgia to utilize SME RIA tools in practice Project, as funded by the UNDP and led by ISET Policy Institute.

Reaching European and international standards of insolvency proceedings is considered one of the most important priorities of the Georgian authorities and its international partners for creating enabling business environment and fostering sustainable growth and job creation in the country.

In 2013, as a follow-up to public consultations on improving the acting company law in Georgia, a working group was established to elaborate a new Draft Law of Georgia on Entrepreneurs (“Draft Law”). The working group was created under the Private Law Reform Council of the Ministry of Justice of Georgia, the USAID-funded Judicial Independence and Legal Empowerment Project, which was succeeded by the Promoting Rule of Law in Georgia (PROLoG) Activity, with both projects implemented by the East-West Management Institute (EWMI), was a cooperating partner