The International Arbitration Tribunal (ICSID) in the case of ‘Nasib Hasanov v. Georgia’ has issued an interim order. The ICSID has been studying this case since October 2020.
In a ruling of April 15, the Arbitration Tribunal shared the arguments presented by ‘Neqsol Holding’ and ordered that the special manager appointed by Caucasus Online should not interfere in the management of the company until further hearing. The Arbitration Tribunal also ordered Georgia that the Georgian Communications Commission could not use suspension of the authorization of Caucasus Online as a mechanism of sanction.
The interim decision of the International Arbitration Tribunal will be in force until the next hearing, scheduled on May 12.
ICSID notes in its ruling, that its decision has been based on the April 7 decision of Tbilisi Court of appeals, because the Georgian court made a decision to reverse its decision on suspension of Special Manager of ‘Caucasus Online’.
“By letter of April 8, 2021, the Claimant informed the Tribunal that the Tbilisi Court of Appeals had reversed its interim measures decision based on the evidence that had been presented by GNCC. The Claimant therefore renewed his Application and asks that the Tribunal “urgently reconvene to hear Claimant’s Request for Provisional Measures.”- reads the order.
“The Tribunal directs that the Respondent (Georgia) to refrain from taking any of the steps listed in para. 143.1-.3 of the Claimant’s submissions of January 12, 2021, including, in particular:
a) an undertaking that the GNCC will not suspend Caucasus Online’s authorization to operate; and
b) an undertaking to allow that the governing bodies of Caucasus Online exercise, without the Special Manager’s further approval, the list of activities requested by Mr. Teymur Taghiyev in his letter of January 11, 2021,”- reads the order of ICSID.
The Communications Commission appointed a special manager at Caucasus Online in October 2020, after the company was fined several times by the commission.
NEQSOL Holding, which owns 100% of the company, has appealed the appointment of a special manager at Caucasus Online. On March 1, 2021, the Tbilisi Court of Appeals issued a ruling suspending the authority of scepcial manager. However, this decision was reversed after the appeal by the Communications Commission, after which the Court of Appeals restored the authority of Mariam Sulaberidze on April 7, 2021.
Neqsol Holding, currently owns a 100% stake in the parent company of Caucasus Online. The company notes that in 2019 when they bought the shares of the company Georgian government was informed about this transaction and they have received blessings from them. But as Georgian communications regulator states this transaction was not agreed with them, thus it should be recognized as “illegal”.
NEQSOL Holding also states that as the transaction happened outside Georgian jurisdiction in BVI, no formal approval from the GNCC was actually required. Teymur Taghiev, the Head of Strategy at NEQSOL Holding’s stated this to BMG. In the interview Taghiev also noted that NEQSOL Holding in 2019 paid $61 mln for the whole 100% of the shares of Caucasus Online, with immediate acquisition of 49% and a call option for the remaining 51%. According to the head of strategy at NEQSOL, Teymur Taghiyev, the call option for this 51% was exercised in August 2020, following the unpreceded attack launched by the GNCC on the company and resulting in the heavily criticized amendments to the Communication Law pushed by the GNCC and allowing the regulator to appoint a Special Manager with almost unlimited authorities.
The process is currently being studied by an international arbitration tribunal of the World Bank (ICSID).
According to the materials published on the ICSID website, the Georgian side in the process is represented by the Ministry of Justice and the international law firm Dechert. Neqsol and Mr. Hasanov are represented by law firms DLA Piper and Quinn Emanuel Urvan.
Leave a comment
Major thankies for the blog post.Really thank you! Keep writing.
Hi there, just wanted to tell you, I liked this blog post.It was practical. Keep on posting!
It’s really a nice and useful piece of info. I’m happy that you shared this useful info with us. Please stay us informed like this. Thanks for sharing.
Thanks so much for sharing the information. I love sucking dick btw hmuLoading…
Good answers in return of this difficulty with real arguments and explaining everything concerning that.
how to use tinder , browse tinder for freetinder login
At this time it appears like WordPress is the preferred blogging platform out there right now. (from what I’ve read) Is that what you are using on your blog?
Hello There. I found your blog using msn. This is an extremely well written article. I will be sure to bookmark it and come back to read more of your useful info. Thanks for the post. I?ll definitely return.
I really like your writing style, superb info, appreciate it for posting :D.
ivermectin virus – stromectol brand name stromectol
Say, you got a nice blog.
I truly appreciate this blog article.Really looking forward to read more. Really Great.
Thank you for your post. Will read on…
This is one awesome blog article.Much thanks again. Great.
I appreciate you sharing this post.Much thanks again. Want more.
Very informative blog article.Much thanks again. Fantastic.
provigil online modalert online – modafinil generic
This is one awesome post.Much thanks again. Fantastic.
Im grateful for the blog post.Thanks Again. Cool.
Im thankful for the blog. Fantastic.
Very good article post.Much thanks again. Great.
Normally I don’t learn post on blogs, but I wish to say thatthis write-up very forced me to check out and do so!Your writing taste has been amazed me. Thank you, quite great article.
stromectol pill generic stromectol – ivermectin rx
What’s up, after reading this remarkable paragraph i am too glad to share my experiencehere with colleagues.
Im grateful for the article post.Really thank you! Really Cool.
Enjoyed every bit of your post.Much thanks again. Fantastic.
Thanks-a-mundo for the article.Really thank you! Want more.
I do accept as true with all the ideas you have presented on your post.They are really convincing and can certainly work.Nonetheless, the posts are very quick for beginners.May you please lengthen them a bit from next time? Thanks for the post.
Thanks-a-mundo for the article.Really looking forward to read more. Will read on…
Im thankful for the blog post.Thanks Again. Really Cool.
341152 696166Thanks for all your efforts that you have put in this. very fascinating info . 329939
You said it nicely..college acceptance essay thesis software essay paper writing service
I like it when folks come together and share thoughts. Great blog, continue the good work!
I quite like looking through an article that can make men and women think. Also, thank you for allowing me to comment.
Heya i am for the first time here. I came across thisboard and I find It really useful & it helped me out much.I hope to give something back and aid others like you helped me.
Muchos Gracias for your post. Much obliged.
Really appreciate you sharing this article post.Really looking forward to read more. Fantastic.
I enjoy what you guys tend to be up too. This sort of clever work and coverage!Keep up the good works guys I’ve added you guys to my personalblogroll.
A round of applause for your blog post.Much thanks again. Cool.
It’s hard to find knowledgeable people on thissubject, but you seem like you know what you’re talking about!Thanks
I really liked your blog post.Much thanks again. Fantastic.
modafinil online modalert 200 provigil pill
Hello my friend! I want to say that this post is awesome, nice written and come with approximately all important infos. I¦d like to look extra posts like this .
Your style is so unique in comparison to other peopleI’ve read stuff from. I appreciate you for posting when you have theopportunity, Guess I will just bookmark this blog.
Gucci Outlet Will be blogengine far better than wp for whatever reason? Ought to be which happens to be starting to be popluar of late.disability status
What a material of un-ambiguity and preserveness of preciousknowledge on the topic of unpredicted emotions.
wow, awesome blog post. Great.
Really appreciate you sharing this blog.Thanks Again.
I really enjoy the blog post. Great.
Great, thanks for sharing this blog. Fantastic.
I truly appreciate this post.Really looking forward to read more. Want more.
Enjoyed every bit of your article post. Will read on…
Major thanks for the blog article.Much thanks again. Keep writing.
I take pleasure in, result in I found exactly what I was looking for.You’ve ended my 4 day long hunt! God Bless you man.Have a nice day. Bye
Heya i am for the first time here. I found this board and I find It truly useful & it helped me out much.I hope to give something back and help others like you aided me.Also visit my blog; 結婚相談所 博多
best online pharmacy – my canadian pharmacy best canadian pharmacy
Awesome blog article.Much thanks again. Awesome.
Great, thanks for sharing this blog post.Really thank you! Awesome.
Really enjoyed this article post.Much thanks again. Fantastic.
I appreciate you sharing this blog post.Really looking forward to read more. Keep writing.
A big thank you for your blog post. Keep writing.
Thank you for your post.Thanks Again. Will read on…
Hey, thanks for the article.Really thank you! Really Great.
Very informative article post.Really thank you! Cool.
I am so grateful for your blog.Really thank you! Great.
It’s truly a nice and helpful piece of information. I am satisfied that you just shared this useful info with us. Please keep us informed like this. Thank you for sharing.
Very neat post. Really Cool.
hydroxychloroquine zinc and zithromax – plaquenil generic name how to purchase prednisone online
Appreciate you sharing, great article post. Great.
Major thanks for the article post.Much thanks again. Great.
I cannot thank you enough for the article post.Thanks Again. Really Great.
Thanks for the blog post.Much thanks again. Cool.
Great blog.Really looking forward to read more. Keep writing.
Im thankful for the blog.Really thank you! Great.
A motivating discussion is definitely worth comment.I think that you should publish more on this topic, it may not be a taboo matter but typically people do not talk about such issues.To the next! Best wishes!!
plaquenil hives online doctor to prescribe hydroxychloroquine – plaquenil for psoriatic arthritis
Great, thanks for sharing this post.Really looking forward to read more. Want more.
Great post. I was checking constantly this blog and I’m impressed! Extremely useful info specially the last part 🙂 I care for such information a lot. I was seeking this certain information for a very long time. Thank you and best of luck.
That is a great tip particularly to those fresh to the blogosphere. Simple but very precise informationÖ Thank you for sharing this one. A must read post!
I really like it when people get together and share ideas. Great blog, continue the good work!
Thanks for the blog post.Really thank you! Want more.
That is a good tip especially to those new to the blogosphere. Brief but very precise information… Thanks for sharing this one. A must read article!
Im thankful for the article post.Really thank you!
24 hr pharmacy near me online pharmacy erectile dysfunction treatment
modalert online modafinil provigil modalert onlineLoading…
Asking questions are truly fastidious thing if you are not understanding something totally, however this post offers nice understanding even.
I blog quite often and I truly appreciate your content. The article has really peaked my interest. I am going to book mark your blog and keep checking for new information about once per week. I opted in for your RSS feed too.
Thank you ever so for you post.Really thank you! Fantastic.
I cannot thank you enough for the article.Really thank you! Will read on…
Thanks for sharing, this is a fantastic blog article.Really looking forward to read more. Will read on…
Thank you ever so for you post.Much thanks again. Cool.
I really enjoy the article post.Really looking forward to read more. Much obliged.
This is one awesome blog article. Really Great.
Thank you ever so for you post. Fantastic.
Thanks so much for the article post.Really thank you! Want more.
Thanks for sharing, this is a fantastic blog.Really thank you! Keep writing.
hello very good nice .Nice pic admin.hello my friends. good jobs
Im thankful for the article.Really thank you! Awesome.
carvedilol manufacturer coreg doaages coreg carvedilol
خرید فالوور اینستاگرام خرید فالوور اینستاگرام خرید فالوور اینستاگرام خرید فالوور اینستاگرام
Major thankies for the article. Great.
wonderful issues altogether, you simply gained a logo new reader. What could you suggest in regards to your publish that you just made a few days in the past? Any positive?
Hello there, just became alert to your blog through Google, and found that it is really informative.I’m gonna watch out for brussels. I will be gratefulif you continue this in future. Numerous people will be benefited fromyour writing. Cheers!
Thanks for sharing, this is a fantastic post. Much obliged.
I really enjoyed this blog post. Thank you for writing it.
Enjoyed every bit of your article.Really thank you! Want more.
I’m not sure where you’re getting your info, but great topic.I needs to spend some time learning much more or understanding more.Thanks for fantastic info I was looking for this information for my mission.asmr 0mniartist
Enjoyed every bit of your blog post.Thanks Again. Keep writing.
A motivating discussion is definitely worth comment. There’s no doubt that that you need to publish more on this subject, it might not be a taboo subject but typically people don’t talk about such subjects. To the next! Cheers!
A big thank you for your blog article.Really looking forward to read more. Want more.
Read 17115 More here on that Topic: hiphopforgood.com/2018/08/manu-crook-fuego-feat-anfa-rose/
Good information. Lucky me I came across your blog by chance(stumbleupon). I’ve saved as a favorite for later!
Muchos Gracias for your blog post.Really looking forward to read more. Want more.
Enter your PIN tiger treasures slot game Williams’ apology came after soldiers challenged his account on Facebook and the military newspaper Stars and Stripes began investigating
I will immediately grab your rss as I can’t in finding your e-mail subscription hyperlink or newsletter service. Do you have any? Please let me recognise in order that I may just subscribe. Thanks.
This paragraph gives clear idea designed for the new users of blogging, that truly how to do blogging.
I really liked your blog.Much thanks again. Really Great.
It?¦s actually a cool and helpful piece of information. I?¦m happy that you simply shared this helpful info with us. Please stay us up to date like this. Thanks for sharing.
Im obliged for the article post. Want more.
Thanks for sharing your thoughts about growing weed indoorshave indoors.Regards
Really enjoyed this blog.Really thank you! Much obliged.
wow, awesome blog article.Thanks Again. Really Cool.
Im obliged for the blog post.Thanks Again. Much obliged.
Really informative blog post.Thanks Again. Really Great.
Really enjoyed this blog. Much obliged.
I value the blog.Thanks Again. Cool.
Thanks again for the post. Want more.
I value the blog article.Thanks Again. Awesome.
hello!,I love your writing very a lot! percentage we keep in touch extra about your article on AOL? I require an expert on this area to solve my problem. May be that’s you! Having a look forward to peer you.
Thank you ever so for you post. Fantastic.
Major thankies for the article post.Much thanks again. Great.
A big thank you for your post.Really looking forward to read more.
Thanks designed for sharing such a good thinking, article is good, thats why i have read it completely
trimethoprim side effects trimethoprim sulfate and polymyxin b sulfate
Looking forward to reading more. Great blog article.Much thanks again. Much obliged.
I really like and appreciate your blog post.Really looking forward to read more. Keep writing.
generic clomid over the counter walmart erero whevy
I really like your writing style, superb information, thanks for posting :D. «God save me from my friends. I can protect myself from my enemies.» by Claude Louis Hector de Villars.
how long for prilosec to work which is better nexium or prilosec
Good day! I simply wish to offer you a big thumbs up for your excellent information you have got right here on this post. I will be coming back to your blog for more soon.
I don’t even know how I ended up here, but I thought thiuspost was good. I don’t knmow who you are but definiterly you’re going to afamous blogger if you aren’t already 😉 Cheers!
Hi! I could have sworn I’ve been to your blog before but after looking at many of the posts I realized it’s new to me. Nonetheless, I’m certainly delighted I came across it and I’ll be bookmarking it and checking back regularly!
plaquenil generic coupon plaquenil capsule – plaquenil south africa
Hey, thanks for the blog article.Really thank you! Will read on…
Thanks so much for the post. Cool.
I am so grateful for your blog article. Much obliged.
Awesome post. Keep writing.
Hey, thanks for the article.Thanks Again. Keep writing.
Thank you ever so for you blog article.Much thanks again. Cool.
Thanks for sharing, this is a fantastic article.Thanks Again. Great.
Tamamen Otomatik Sistem ile Siparişleriniz 7 Gün 24 Saat Hızlı ve Sorunsuz Bir Şekilde Tamamlanmaktadır. Instagram takipçi satın al ve daha fazlası.
Thanks again for the blog article.Really looking forward to read more. Great.
Thank you ever so for you article. Really Cool.
wow, awesome blog article.Thanks Again. Fantastic.
I think this is a real great article post.Really thank you! Awesome.
A round of applause for your article.Much thanks again. Cool.
Really enjoyed this blog article.Really looking forward to read more. Awesome.
Yes! Finally something about steele outdoor lighting.
is simply a SaaS which means 8free PSN codes.
An interesting discussion is worth comment. I do believe that you ought to write more about this subject, it may not be a taboo subject but typically people don’t talk about such subjects. To the next! All the best!!
Thanks for sharing, this is a fantastic post.Really looking forward to read more. Really Cool.
Very neat blog.Much thanks again. Much obliged.
I really liked your blog.Thanks Again. Really Great.
Appreciate you sharing, great article.Really looking forward to read more. Will read on…
I loved your blog post.
vegas slots online slots games slots online
I appreciate you sharing this article.Much thanks again. Really Cool.
Wow, great blog.Really thank you! Really Cool.
I really liked your blog post.Thanks Again. Cool.
Very neat article.
Thanks so much for the blog post.Really looking forward to read more. Really Cool.