Tracking Progress - One Reform at a Time

Reform: Insolvency Reform (2022-12-20)

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The second assessment of the Insolvency Reform was conducted on December 20, 2022. Public-private dialogue attendees shared their perspectives on the significance of the Insolvency Reform and suggested possible improvements to the current state of its implementation. 

 

According to the Stakeholders

Overall, stakeholders assessed the Insolvency Reform with a score of 8.18, showing strong performance. Significantly, the evaluation in each assessment categories also showed strong performance.

Stakeholder surveys assess reform progress across four dimensions:

  • reform content and adequacy;
  • current performance;
  • reform progress;
  • and the expected outcomes.

Members of the stakeholder group (excluding implementing governmental stakeholders) set scores on a scale of 1 (poor performance) to 10 (strong performance) for each dimension.

  • Sophiko Lokabidze

    National Bureau of Enforcement

  • Khatuna Jamaspishvili

    Tbilisi City Court

  • Khatuna Kasradze

    Georgian Justice Training Center

  • David Lezhava

    Policy and Management Consulting Group (PMCG)

  • Nana Amisulashvili

    Business Rehabilitation and Insolvency Practitioners Association (BRIPA)

  • Tinatin Shugarova

    Business Rehabilitation and Insolvency Practitioners Association (BRIPA)

  • Nick Nanuashvili

    Business Association Georgia (BAG)

  • Giorgi Jugheli

    Investors Council

  • Giga Phaikidze

    Small and Medium Enterprise Development Association (SMEDA)

  • Rusudani Zhorzholiani

    Georgian Federation of Professional Accountants and Auditors

  • Lavrenti Chumburidze

    Georgian Federation of Professional Accountants and Auditors

  • Iuri Lebanidze

    Georgian Microfinance Association

  • Mirian Kharabadze

    National Bureau of Enforcement

  • Irakli Kiziria

    Revenue Service

  • Vakhtang Zhvania

    Training Center of Justice

  • Nino Jolia

    European Business Association

  • Nato Papiashvili

    Businesses Rehabilitation and Insolvency Practitioners Association (BRIPA)

  • Sopho Jokhadze

    Businesses Rehabilitation and Insolvency Practitioners Association (BRIPA)

  • Nika Nanuashvili

    Business Association of Georgia

  • Levan Silagava

    Georgian Producers' Federation

  • Badri Mindiashvili

    Revenue Service

  • Mariam Chokhonelidze

    European Business Association

  • Nino Kashakashvili

    Training Center of Justice

  • Tamta Tkabladze

    Training Center of Justice

  • Zurab Akhaladze

    European Business Association

  • Tornike Artkmeladze

    Businesses Rehabilitation and Insolvency Practitioners Association (BRIPA)

  • Lana Paitchadze

    Small and Medium Enterrprise Development Association (SMEDA)

  • Lela Pangani

    Georgian Chamber of Commerce and Industry

  • Nino Pkhovelishvili

    European Business Association

  • Davit Kochiashvili

    Business Ombudsman of Georgia

  • Alexandre Tsitsvidze

    Businesses Rehabilitation and Insolvency Practitioners Association (BRIPA)

  • Goga Tushurashvili

    Institute for Development of Freedom of Information (IDFI)

  • Lina Jikia

    American Chamber of Commerce

Outcomes

Objective and quantitative data reflects reform outcomes to be used as a proxy for reform effectiveness.