Practice
Insolvency & Restructuring
The Insolvency & Restructuring practice at Nodia, Urumashvili & Partners offers tailored legal solutions to businesses navigating financial challenges. Our team provides expert advice to creditors, debtors, investors, and other stakeholders on insolvency proceedings, debt restructuring, and business turnaround strategies. We are committed to protecting value, mitigating risks, and ensuring full compliance with insolvency regulations to help clients achieve the best possible results during financially uncertain times.
What We Do:
Corporate Restructuring: We assist businesses in financial distress by developing and implementing restructuring plans to restore operational and financial stability. This includes debt renegotiation, asset sales, equity restructuring, and refinancing arrangements.
Insolvency Proceedings: Our team represents creditors, debtors, and insolvency practitioners in bankruptcy, liquidation, and administration proceedings. We handle voluntary and compulsory liquidations, debt recovery actions, and asset distribution strategies in compliance with insolvency regulations.
Debt Restructuring & Workouts: We negotiate debt restructuring agreements with creditors, helping businesses avoid insolvency through out-of-court settlements, corporate workouts, and refinancing solutions. We also advise on distressed M&A transactions, enabling the acquisition or sale of distressed assets.
Cross-Border Insolvency: For multinational corporations facing insolvency challenges, we provide guidance on international restructuring frameworks, cross-border debt recovery, and recognition of foreign insolvency proceedings under international conventions and treaties.
Creditor & Investor Representation: We represent secured and unsecured creditors, bondholders, and investors in insolvency cases, ensuring their interests are protected during restructuring, liquidation, or recovery proceedings. Our services include claim filings, enforcement of security interests, and negotiation of repayment terms.
Litigation & Dispute Resolution: In cases of insolvency-related disputes, we provide litigation and arbitration services to resolve creditor-debtor conflicts, fraudulent transaction claims, director liability issues, and preference claims.
Turnaround Strategies & Advisory: We assist distressed businesses with operational and financial turnaround strategies, including cost-cutting measures, strategic partnerships, and capital injection plans to ensure long-term sustainability.
Lasha Nodia is the founder and managing partner of Nodia, Urumashvili and Partners since 2005. Before founding the firm, he served as counsel and head of the legal department at JSC Bank Republic (1996-2005). Lasha Nodia, as the managing partner of Nodia, Urumashvili & Partners, leads a firm that is described as having a highly professional team. According to Legal 500, 2020, the firm provides comprehensive and practical solutions.
Some notable work includes acting for Ziraat Bank Azerbaijan in the drafting, negotiation, and execution of loan and security agreements. The firm has also advised Blue Orchard Microfinance Funds and Finca Bank Georgia JSC on loans provided by foreign financial institutions.
Areas of Practice
• Banking and Finance
• Commercial, Corporate, and M&A
• Insolvency and Restructuring
• Dispute Resolution
• Real Estate
Education
• The ICC Advanced Arbitration Academy for Central and Eastern Europe (2015)
• Tbilisi Institute of Law and Economy: Bachelor’s and Master’s Degree in Law (2002)
Bar Admission and Memberships
• Member of the Georgian Bar Association
• Accredited mediator at CEDR
• Fellow of Chartered Institute of Arbitrators (FCIArb)
• Co-founder and Deputy Chairman of the Georgian Association of Arbitrators
• Chairman of the Legal Committee of Georgian Business Association
• Member of the Business Rehabilitation and Insolvency Practitioners Association
Languages
• Georgian
• English
• Russian
Maka Todua joined Nodia, Urumashvili & Partners in 2018. Prior to joining the firm, she was the General Director of the Justice Development Center, a non-profit organization (2016-2017). Between 2012 and 2016, she worked as a Manager at the Tbilisi City Court. From 2005 to 2012, she served as an Assistant to the Judge at the Administrative Chamber of the Supreme Court of Georgia.
During 2013-2017, Maka was a member of the “Social Court” project, where she coached and organized training sessions for working groups (pupils, students, and social organizations) in the framework of improving access to justice. In 2017-2018, she was an invited lecturer at several universities in Georgia, teaching subjects including General Part of Civil Law, Civil Procedure Law, Administrative Law, and Administrative Procedure Law to bachelor’s and master’s students.
Areas of Practice
• Dispute Resolution
Education
• Tbilisi State University: Bachelor’s and Master’s Degree in Law (2004)
Bar Admission and Memberships
• Member of the Georgian Bar Association
• Member of the Georgian Association of Arbitrators
• Member of the Civil Committee of the Georgian Bar Association
Languages
• Georgian
• English
• Russian
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