Tbilisi court freezes 60% of Rustavi 2 TV shares

Tbilisi court freezes 60% of Rustavi 2 TV shares

Tbilisi City Court has ruled that 60% of shares of TV channel Rustavi 2 be frozen after two founders of the channel filed a lawsuit against current owner Kibal Khalvashi last week.

Khalvashi, who stated his shares were illegally confiscated under the United National Movement leadership back in 2006, won the ownership dispute in the European Court of Human Rights in July 2019.

Founder of Rustavi 2 David Dvali and Jarji Akimidze say that their stake, 60% of the shares of the company, were also illegally confiscated by the previous United National Movement government in 2004 and Khalvashi was involved in the process.

On October 17,  they [Dvali, Akimidze] appealed to the court to freeze 60% of Rustavi 2 shares "until the ownership dispute" is resolved, Agenda.ge reported.

"Tbilisi City Court has accepted to discuss the case and allowed the freeze of 60% of shares," lawyer of Dvali and Akimidze Kakha Kozhoridze wrote on his Facebook page today.

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