On June 13, Irakli Kobakhidze, the chairman of the ruling Georgian Dream, said that the ruling Georgian Dream does not intend to accept the recommendations of the Venice Commission on the law on "de-oligarchization," which it received on June 12.

According to Kobakhidze, there is a contradiction between the Venice Commission's recommendation and the European Commission's recommendation for Georgia to obtain the status of an EU candidate. "Today, the Venice Commission tells us one thing, and the European Commission another. In particular, the Venice Commission says that it does not like the personalized approach and that it is necessary to carry out reforms in various areas, which is already being done. The European Commission says that we must take a personalized approach to the issue of de-oligarchization. The very word de-oligarchization means a personalized approach. This means that there are oligarchs who should no longer be oligarchs. It turns out that the Venice Commission does not like the personalized approach. The European Commission tells us we must take a personalized approach," he said.

"As soon as the European Commission agrees with the Venice Commission on the exclusion of de-oligarchization from its 12 points, we will immediately cancel the law, which will be adopted in three readings by the end of this month. Therefore, we will postpone the date of entry into force of the law until March 1. If the European Commission shares the recommendation of the Venice Commission in December, then, in this case, the law we adopted will be repealed in February. However, if the European Commission does not share the approach of the Venice Commission, then, in this case, we will have to use this law," the Georgian Dream official said.

"The bill is designed to limit the influence of oligarchs in political, economic, and public life, which should contribute to the implementation of one of the 12 recommendations on the way for Georgia to become an EU candidate. The Venice Commission said that the current form of the law on 'de-oligarchization' should not be adopted, as it is an undemocratic and ineffective response to oligarchization," he said.

"At this stage, the Venice Commission is not sure that the amendments proposed in the amended version will mitigate the contradiction with the standards of human rights, democracy, and the rule of law of the Council of Europe. The Commission concludes that the amended bill should not be passed," the statement concluded.