Paris, 18 January 2024
The Georgian International Arbitration Centre (GIAC) and Jus Mundi are delighted to announce a new partnership to share non-confidential GIAC arbitration awards and related GIAC arbitration materials, free to the general public, for the benefit of the public good.
In the partnership, GIAC will select non-confidential arbitration awards and related information for Jus Mundi to host on its open public database, allowing anyone in the world to search these materials using Jus Mundi’s open research tools.
Speaking about the partnership, Beka Injia, Secretary General of GIAC, stated that:
“GIAC is delighted to start a partnership with Jus Mundi, a collaboration that holds immense significance for our commitment to transparency, confidentiality, and the promotion of arbitration practices in our region. The decision to share non-confidential arbitral awards reflects our commitment to providing the global legal community with valuable insights into GIAC’s arbitration practices. As a leading arbitration institution in the region, we believe that sharing our experiences and outcomes will enrich the global legal landscape and facilitate a more comprehensive understanding of the nuances of dispute resolution in our dynamic region.”
Jean-Rémi de Maistre, CEO & Co-Founder of Jus Mundi, said:
“Founded over a decade ago, GIAC has become a central hub for arbitration and dispute resolution in the Caucasus. Jus Mundi is delighted to work with GIAC to bring non-confidential arbitral awards to the world in both the Georgian and English languages. We aim to give the legal community a greater understanding of GIAC arbitration practices, and are proud to host these materials to also enhance global understanding of arbitration in the region.”
The partnership will see select GIAC arbitration awards and related materials hosted on Jus Mundi’s comprehensive international law and arbitration database.
The Georgian International Arbitration Centre is founded with the initiative of the Georgian Chamber of Commerce and Industry (GCCI). The GCCI – as the organization protecting the interests of business entities in Georgia, considered the significance of the establishment of independent and reliable alternative dispute resolution mechanisms in the country and took into account the imminent necessity of modernization of already existing old-fashioned and inefficient arbitration court at the Chamber. The GCCI relying on the international practice, according to which the arbitration institutions are created by the Chamber of Commerce worldwide, founded Georgian International Arbitration Centre (GIAC) in December 2013.
GIAC is completely independent in its operations from the GCCI. Its managing bodies are the GIAC Board, the GIAC Arbitration Council and the GIAC Secretariat, which determine the main objectives and strategies of the GIAC and provide administration of the commercial arbitration disputes.
The central objective of the GIAC is to establish neutral, efficient and flexible alternative dispute resolution mechanisms. With the consideration that there was no international arbitration institution in the region, formation of the GIAC by the GCCI was an event of a huge significance. In addition, it is noteworthy, that GIAC is the only arbitration institution in Georgia that is not profit oriented. The GIAC actively cooperating with other international arbitration institutions and internationally recognized arbitration practitioners.
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