Open AccessPrivate Law Issues of Concession and Investment within the Framework of Public-Private Partnership
Author(s) -
George Khatidze
Publication year - 2018
Publication title -
european scientific journal
Language(s) - English
Resource type - Journals
eISSN - 1857-7881
pISSN - 1857-7431
DOI - 10.19044/esj.2018.v14n4p91
Subject(s) - general partnership , public–private partnership , investment (military) , private law , business , order (exchange) , limited partnership , finance , private sector , public administration , law and economics , law , economics , public law , political science , politics
Concession is one of the forms of public-private partnership. Financial sources, on the other hand, for many public-private partnership projects are generated by private investment. Both concession and investment play a significant role within the public-private partnership. Analysis of the Law of Georgia on Concession with relevant laws of the other countries clearly underlies that institutional and legal mechanism of concession relations in Georgia do not comply with the best international standards established in many other countries. Law of Georgia on Investment also contains certain shortcomings in that respect. Therefore, it is necessary to improve and further develop private law norms of concession and investment in order to create those institutional and private law basis which are vital for implementation of public-private partnership.