Nodia, Urumashvili &Partners has extensive experience of acting for debtors and creditors in large restructuring and insolvency cases.
WHAT WE DO:
Initiation of the Insolvency Proceedings. Advising creditors on the initiation of the insolvency proceedings and assisting in the insolvency filings.
Restructuring Plan. Drafting and negotiation of the restructuring plan.
Insolvency Proceedings. Providing day-to-day legal advice during the insolvency proceedings, including advising on the issues relating to the administration, receivership, and liquidation of the insolvent company.
Negotiation with the creditors. Assisting debtor in negotiations with the creditors.
Restructuring and Insolvency Litigation. Representing clients in restructuring and insolvency litigation and appeals.
EXPERIENCE AND HIGHLIGHTS:
Initiation of the Insolvency Proceedings: We have exceptional experience and knowledge of insolvency legislation and advise our clients on the matters relating to initiation of insolvency proceedings. We also represent the clients’ interests in insolvency proceedings and litigation.
Rescue of Business in Insolvency: Recent highlights include advising the major Georgian supermarket chain on the successful rescue of business in insolvency. We represented the client during the insolvency litigation, assisted in the drafting and negotiation of the restructuring plan and assisted in negotiations with the creditor.
RECOGNITIONS: “Notable works include successful rehabilitations of companies following insolvency.” – Legal 500, 2015