Security interests such as pledges and mortgages are designed to ensure that creditors have effective remedies in the event of a debtor’s default. While the creation and registration of security interests establish the creditor’s preferential right, the practical value of
Financial distress and insolvency are critical legal concepts affecting both businesses and their creditors. Georgian law establishes a structured framework for determining when a company is considered insolvent and for initiating insolvency proceedings. The primary legislation governing this area is
Effective March 1, 2026, the Government of Georgia is fundamentally reshaping how foreign nationals can work in the country. Resolution No. 70, adopted on February 20, 2026, together with the amended Law on Labor Migration and the Law on the
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