24
May
2023
There will always be “winners” and “losers” in a market economy, which entails constant competition between companies for access to limited resources. The loser in this case is a company that is unable to pay its financial obligations on time and thus becomes insolvent.
24
January
2023
Georgia’s new insolvency law – the Law of Georgia on rehabilitation and the collective satisfaction of creditors’ claims – became effective on 1 April 2021. Under which, if a business operating in Georgia has reached a low ebb and is no longer able to meet its financial obligations, it has the opportunity to regulate relations with creditors based on new legislative instruments – effectively, it is able to rehabilitate and return to the market in a viable manner, or, if necessary, it might declare bankruptcy and exit the market.
13
December
2022
If you are an undergraduate student of an accredited higher education institution or a student of a vocational education institution in Georgia and ongoing economic reforms in the country interest you, this call is for you!
10
October
2022
Water quality has become a global concern in the twenty-first century. Data from the United Nations’ Sustainable Development Goal 6 suggests that only 56% of the world’s domestic wastewater is treated. However, the majority of countries (especially developing nations) do not gather water quality data on a regular basis.
12
September
2022
Lead contamination has been estimated to account for around 900,000 deaths per year worldwide (IHME, 2019). Typically developing countries suffer the most, where the use of lead in paint and other household products is often not fully regulated or controlled.
