Judicial Reduction of Penalties in Georgian Civil Law: Balancing Debtor and Creditor Rights

General Background: Judicial discretion in the reduction of penalties plays a crucial role in balancing the interests of contracting parties under the Civil Code of Georgia. Specific Background: Article 420 grants courts the authority to reduce disproportionately high penalties, yet the lack of expl...

Full description

Bibliographic Details

Published in:	Rechtsidee: Law Journal
Main Authors:	Natia Rekhviashvili, Nino Kharitonashvili
Format:	Article
Language:	English
Published:	Universitas Muhammadiyah Sidoarjo 2024-10-01
Subjects:	penalty discretionary power civil code judicial practice
Online Access:	https://rechtsidee.umsida.ac.id/index.php/rechtsidee/article/view/1031