Director liability and company insolvency in Georgia
We defend company directors and partners — when the company is in debt, facing insolvency, or when a manager faces civil or criminal liability. We also protect creditors.
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- Free first consultation
- Courts of all instances
A director must manage the company's affairs in good faith and with reasonable care. If they breach this duty, they can be liable to the company for the damage, and in serious cases also criminally — for example, for abuse of authority in a company (Article 220), tax evasion or embezzlement.
When a company can no longer pay its debts, insolvency proceedings can be both a way out — rehabilitation — and a risk. A timely legal assessment protects both the manager and the creditor.
Our services
- Assessing director and partner liability
- Disputes between the company and its director
- Insolvency: rehabilitation or liquidation
- Creditors' claims and their protection
- Criminal defence (Articles 220, 218, 182)
- Company liquidation and obligations
Questions & answers
Is a director personally liable for an LLC's debts?
Generally no — the company is liable with its own assets. But a director can be liable if they breached their duties and caused damage, or if a crime is established.
The company can't pay its debts — what should I do?
Assess the situation with a lawyer as early as possible: rehabilitation or an agreement with creditors may be better than liquidation.
I'm a creditor — how do I protect my claim?
Register the claim in the insolvency case on time and, if needed, ask the court for interim measures.
Legal basis
Official texts (in Georgian) — Legislative Herald of Georgia, matsne.gov.ge.
Other practice areas
Criminal defense
Defense at every stage — from investigation and arrest to trial and appeal.Drug offences
Defence in cases of buying, possessing, selling and importing drugs — and against fines and administrative detention.Cybercrime
Defense in cybercrime cases and help for victims of online fraud, hacked accounts and blackmail.Property crimes
Defence in theft, robbery, fraud, extortion, embezzlement and misappropriation cases.Economic crimes
Defence against tax evasion, money laundering, customs and other economic charges.Corruption and official crimes
Defence in bribery, trading in influence and abuse of official power cases.Violent crimes
Defence in assault, bodily injury, threats and homicide cases — including self-defence.Juvenile justice
Specialised representation of minors, focused on their rights and future.Civil litigation
Contract, property and damages disputes — negotiated or argued in court.Administrative law
Challenging decisions of public bodies, fines, permits and licences.Labor disputes
Unlawful dismissal, unpaid wages and employment contracts — for employees and employers.Corporate law
Company formation, contracts, compliance and shareholder matters.Real estate
Due diligence, purchase agreements, registration and property disputes.Family law
Divorce, custody, alimony and division of property — handled with discretion.Inheritance
Accepting an inheritance, the certificate of inheritance, wills and disputes between heirs.Intellectual property
Trademarks, copyright and protection of your creative and business assets.Need legal advice? Talk to an attorney today.
The first consultation is free and confidential.