„We are not going to stop!“ - What is the “British Georgian Academy” suing Irakli Gilauri’s “Georgia Capital” for?

The dispute between the “British-Georgian Academy” partners continues. The dispute under question, now spread outside Georgia, is the legal proceedings initiated between the founders of the educational facility and “Georgian Capital,” an organization that has become a partner of the school since 2019. Based on the statement made by the legal representative of the “British-Georgian Academy” at “Palitranews” and the radio “Palitra” show “SAKME,” the “Georgian Capital” has failed to fulfill undertaken obligations over 6 years. In particular, according to Imeda Dvalidze, the partner failed to invest tens of millions of Georgian Lari, thus hindering the development of the “British-Georgian Academy.”

The dispute is caused by the circumstance that “Georgian Capital” did not fulfill the obligations undertaken 6 years ago (when it became a partner). More specifically, the obligation of “Georgian Capital” was to invest in the “British-Georgian Academy.” The “British-Georgian Academy” operated on the Georgian market for more than 20 years, and the company was able to continue development using its own resources. But when in 2019 a new offer was provided the company founders agreed. However, the founders were not quite excited about the offer, but in the end, they agreed to take this step. The main reason for agreeing to the offer was the fact that “Georgian Capital” would additionally support the development of the flourishing company. However, after 6 years the company [“Georgian Capital”] has not fulfilled undertaken obligations. It was supposed to invest tens of millions of Georgian Lari, construct new campuses, and develop existing infrastructure. However, “Georgian Capital” has not made any steps in this direction, which in turn has become a ground for the claim”- noted Imeda Dvalidze.

According to the legal representative, “British-Georgian Academy” founding partners attempted to avoid dispute, reach status-quo, and allow the “Georgian Capital” to leave the partnership. However, the latter disagreed with the share distribution. Therefore, we are not going to stop, the legal proceedings will continue in Georgia and the United Kingdom. We will raise public awareness on this case in Georgia, as well as outside its borders. The shareholders of the “Georgian Capital” will be informed on the case”- noted legal representative of the “British-Georgian Academy” during the show “SAKME.”

For information, 30% of British-Georgian Academy LLC is owned by Natia Janashia, 70% is owned by Georgian Education Group and 100% shares of the latter are owned by the “Georgian Capital”.

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