Davit Dvali

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Davit Dvali

Georgia’s Rustavi 2 TV shares partially frozen after founders file lawsuit

by OC Media

•3 min read

Tbilisi City Court has frozen 60% of the shares of TV station Rustavi 2 after an appeal by the channel’s founders, Davit Dvali and Jarji Akimidze. The two have claimed for years that the government forced them to sell their shares in 2004 and have demanded they be given back ownership. Rustavi 2 is currently owned by Kibar Khalvashi, who previously owned the channel in 2004–2006. Ownership was returned to him following a 2017 ruling by Georgia’s Supreme Court stating that he was forced t

Davit Dvali

Kibar Khalvashi to sell Rustavi 2

by OC Media

•4 min read

Khalvashi is selling the indebted opposition television channel less than a month after a ruling by the European Court of Human Rights (ECHR) allowed him to take ownership of the channel. In a statement, published by Rustavi 2 on Monday, Khalvashi said that the company is on the edge of bankruptcy and that he is unable to save it from financial ruin. As a result, he has chosen to auction if off ‘within a week’. He added that he is also ready to negotiate a sale with anyone but ‘Rusta