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.
On 14 December, ISET Policy Institute’s Salome Gelashvili, Practice Head for agriculture and rural policy, presented the results of their Regulatory Impact Assessment (RIA) of the Draft Law on Food Loss and Waste.
On January 22, 1973, the Supreme Court ruled in Roe v. Wade that the right to an abortion was constitutionally protected under the 14th Amendment to the United States Constitution.
On 18 November, ISET’s Agricultural Policy Research Center presented the findings of its Regulatory Impact Assessment (RIA) on the draft law on agritourism and thereafter discussed the associated socio-economic benefits and the costs.
Food Loss and Waste (FLW) is one of the critical issues related to waste management in Georgia. A large amount of food still suitable for human consumption is wasted by Food Business Operators (FBOs) and large food retailers in particular due to the packaging or quality issues, expiration date, excess supply and consumption habits, which results in significant economic losses for these FBOs.