The Legal Framework of Business Disputes and Their Participants
Business disputes are conflicts arising from entrepreneurial activity, concerning both internal relationships of a society — between partners, shareholders and management organs — and its relations with creditors and third parties. Article 2 of the Georgian Law on Entrepreneurs defines the concept of the entrepreneur: an entrepreneur is a natural or legal person who has an enterprise, and an enterprise is an organised system for carrying out entrepreneurial activity. Entrepreneurial activity is lawful, non-repeated, independent and organised activity carried out with the aim of obtaining profit. Understanding this framework matters: the participant's status determines who may defend, against whom and by which remedies.