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In this very long article about the Caucasus Online saga, and Anaklia Port -
"In 2017, Georgia filed a lawsuit against American oil company Frontera Resources, accusing it of a “significant breach of the contract". Earlier this year, officials in Tbilisi announced that the company would be allowed to operate in Georgia, but only within one percent of the original area. The lawsuit filed by the Georgian government prompted a harsh reaction by the US. A group of US congressmen sent a letter to the State Secretary and Secretary of the Treasury, in which they addressed the problems that American investors are experiencing in Georgia, noting that “foreign direct investment into Georgia decreased by nearly 50%, while taxes and bureaucratic barriers have increased for Western businesses.”
And
"Georgia’s actions towards foreign investors in recent years have already resulted in the deterioration of the investment climate in the country and a significant drop in foreign investments.
According to the Georgian national statistics office, foreign direct investments (FDI) in Georgia decreased significantly in 2018-2020. In 2017, the country attracted nearly $2 billion in FDI, while in 2019 this figure amounted to $1.2 billion. In the first quarter of 2020, FDI in Georgia amounted to $165 million, a 42 percent decrease compared to the same period in 2019.
The former US Deputy Secretary of State believes the incident with Caucasus Online could further weaken the business climate and investment attractiveness of Georgia.
“This will certainly not have a positive impact on the investment climate in Georgia. […] The US and EU are already asking questions about the real reason for this decision. As far as I know, the Parliamentary Assembly of the Council of Europe has already expressed its desire to appeal to the Venice Commission regarding these changes,” Bryza said in an interview with Business Media.
Actions taken by the Georgian government against various international investors like Frontera Resources, ADC, Caucasus Online and others in recent years are endangering the country's international reputation and relations with major partners, including the U.S.-Georgia ties and the EU-Georgia association perspectives.
Earlier this year, the US announced that it may suspend about 15 percent of financial aid to Georgia for 2021, until the its government takes serious steps to strengthen democratic institutions, fight corruption and protect foreign investors."
Full article is here - https://caspiannews.com/news-detail/georgias-actions-to-seize-foreign-company-disrupt-telecommunications-corridor-between-europe-asia-2020-8-13-28/