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Thursday, 24 October, 2024
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The Ministry of Justice Launches New "Smart Contract" Service for Citizens

The National Agency of Public Registry, under the Ministry of Justice, has introduced a cutting-edge service: the Smart Contract system.

This system redefines traditional transaction processes, allowing payment and property registration to happen simultaneously. Buyers and sellers can now finalize sales agreements remotely by signing them digitally through any internet-connected device. Additionally, the Smart Contract enables users to register a mortgage using the same method.

This innovative solution holds particular significance for Georgian expatriates, as it allows them to purchase real estate in Georgia directly—without requiring intermediaries or powers of attorney.

Citizens interested in using this service can schedule a virtual meeting with an agency representative via the official website at www.napr.gov.ge.

Justice Minister Rati Bregadze recently introduced the Smart Contract system to members of the executive branch, the National Bank president, and financial sector representatives. During the event, David Devidze, Chairperson of the National Agency of Public Registry, presented a comprehensive demonstration of the new system.

Prominent attendees included Vice Prime Minister and Minister of Economy and Sustainable Development Levan Davitashvili, Foreign Minister Ilia Darchiashvili, National Bank President Natia Turnava, Parliament members, the Public Defender, the Business Association president, and representatives from the Ministry of Justice, the National Agency of Public Registry, and other distinguished guests. Key stakeholders in the Smart Contract initiative, such as commercial banks, real estate developers, and World Bank members, were also present.

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Minister of Justice Congratulates Employees of the National Agency for Crime Prevention, Non-custodial Sentences and Probation on their Professional Day

Minister of Justice Paata Salia congratulated the employees of the National Agency for Crime Prevention, Non-custodial Sentences and Probation on their Professional Day and thanked them for their many years of dedicated and conscientious service.

In his address, the Minister highlighted the Agency's vital role in crime prevention, the enforcement of non-custodial sentences, the development of the probation system, and the rehabilitation and successful reintegration of persons in conflict with the law into society. He noted that the Agency's work is an essential component of public safety and contributes significantly to the effective functioning of a modern justice system.

The Head of the National Agency for Crime Prevention, Non-custodial Sentences and Probation, Nika Tskvarashvili, also addressed those present. He congratulated the Agency's employees on their Professional Day and spoke about the continued development of the probation and crime prevention systems, ongoing reforms, and the crucial role played by the professionalism, dedication, and commitment of every employee in advancing these efforts.

At the conclusion of the event, outstanding employees of the Agency were presented with certificates of appreciation in recognition of their exceptional contribution and exemplary professional service. The awards were presented by Minister of Justice Paata Salia and the Head of the Agency, Nika Tskvarashvili.

The event was attended by the Deputy Ministers of Justice, heads of agencies operating within the Ministry of Justice, Agency employees, and invited guests.

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Minister of Justice Discusses Prospects for Deepening Cooperation Between Georgia and UNIDROIT with the Organization’s Secretary General

Minister of Justice of Georgia Paata Salia met with the Secretary General of the International Institute for the Unification of Private Law (UNIDROIT), Professor Ignacio Tirado, and Deputy Secretary General Professor Anna Veneziano, who are visiting Georgia.

During the meeting, the parties discussed opportunities to further strengthen cooperation between Georgia and UNIDROIT, as well as the significance of the organization's legal instruments. The Minister emphasized the growing importance of the unification of private law amid the expansion of international trade and cross-border commercial relations, both in Georgia and worldwide, highlighting the Ministry of Justice's role in advancing this process.

Professor Ignacio Tirado underlined the increasing strategic importance of the Middle Corridor and Georgia's pivotal role in promoting commercial and cross-border relations in the region, as well as in ensuring their modern legal regulation. He also spoke about the practical value of the international legal instruments developed by UNIDROIT and the benefits of membership in the organization.

The parties reaffirmed their commitment to further deepening cooperation between Georgia and UNIDROIT.

The International Institute for the Unification of Private Law (UNIDROIT) is an independent intergovernmental organization dedicated to modernizing and harmonizing private and commercial law through the development of international legal instruments. Its conventions, model laws, and principles promote international trade, investment, and cross-border economic relations while contributing to the creation of a predictable, modern, and effective legal framework. The organization currently comprises 65 member states from nearly every region of the world, reflecting its global reach and international significance.

The meeting was also attended by First Deputy Minister of Justice of Georgia Beka Dzamashvili and Nino Mindiashvili, Head of the Ministry of Justice's Department of Contract Expertise and Judicial Representation.