One claim or thousands: we resolve the individual dispute and manage the debtor and creditor portfolios behind it.
limitation period for most contractual claims, so old debts lose value fast
calendar days a debtor has to respond in a National Bureau of Enforcement proceeding
for creditors to file a claim after notice of an insolvency case
Georgia has applied the New York Convention on arbitral awards since this year
Through negotiation, a summary proceeding at the National Bureau of Enforcement for uncontested debts, the courts, arbitration or mediation. KNM Advisory represents individuals and companies at every stage, in all court instances and arbitral tribunals. For businesses with recurring receivables or liabilities, we also manage whole debtor and creditor portfolios, from the first audit and demand letter to enforcement and insolvency claims.
The legal tools are the same, but the way of working changes with volume. We organise each matter accordingly.
One person, one claim, and a clear explanation of the odds and the cost before you start.
High-stakes claims where the strategy has to fit the commercial relationship.
A managed process for dozens or thousands of claims, with one contact point and regular reporting.
A debtor portfolio is what others owe you. A creditor portfolio is what you owe others. Both can be managed, and both cost money when they are ignored.
For lenders, suppliers, landlords and subscription businesses with unpaid receivables.
For companies under pressure from banks, suppliers or the Revenue Service that want a plan before enforcement starts.
Each claim goes down the cheapest route that can still succeed. Moving to the next stage is a decision, not an automatic step.
We review each claim for amount, age, supporting documents, security and limitation period, and flag the claims closest to expiry.
Claims are grouped by value and likelihood of recovery, and each group gets its own route and budget.
Written demands and settlement offers, in batches. Many debts are paid here, and a written acknowledgement also interrupts limitation.
For a documented, matured money claim, the National Bureau of Enforcement notifies the debtor within 5 business days. The debtor has 10 calendar days to pay, object, acknowledge or propose a settlement. If the debtor does nothing, the order is issued for the full amount.
If the debtor objects, we sue under general procedure or start the arbitration your contract requires. Claims can be secured where the law allows.
Enforcement through the National Bureau of Enforcement or a private bailiff. If the debtor is insolvent, we file your claim within the 30-day window and protect your position.
A claim can expire while it sits on a spreadsheet. These are the main periods.
| Type of claim | Period |
|---|---|
| Contractual claims | 3 years |
| Contractual claims on immovable property | 6 years |
| Obligations with periodic performance | 3 years |
| Standard period, where no other applies | 10 years |
| When the clock starts | When the claim arises: when the person knew or should have known of the violation |
| What interrupts the clock | The debtor acknowledges the claim, for example by paying an advance or interest or giving security, or the creditor brings an action |
All levels of the Georgian courts, from first instance to the Supreme Court.
Domestic and international arbitration, and recognition of foreign awards under the New York Convention.
Private and court mediation, when a deal serves you better than a judgment.
Claims against public authorities and regulators, including licences, permits and fines.
Senior Partner
Leads the Corporate, Litigation and Regulatory practices. Represents clients in complex disputes before courts and arbitral tribunals, and guides businesses through licensing and regulatory authorisation.
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Managing Partner
Leads the firm's Corporate, Tax, Litigation, Start-up and IP work. Member of the Georgian Bar Association, with a Master of Law and Business from Bucerius Law School in Hamburg and a Master of Business Law concentrating in Tax Law.
View profileThrough a summary proceeding at the National Bureau of Enforcement. If you hold a documented, matured money claim, the Bureau notifies the debtor within 5 business days, and the debtor has 10 calendar days to pay, object, acknowledge the debt or propose a settlement. If the debtor does not respond, the Bureau issues a Debt Recovery Order for the full amount.
The Bureau denies the application, and a new summary proceeding on the same claim is closed. If the debtor pays or acknowledges only part, the order covers that part. You keep the right to sue under general court procedure.
No. The summary proceeding is available even where the contract sets other dispute rules, except where it provides for arbitration. It is also unavailable if your claim depends on a counter-obligation you have not yet performed.
Three years for most contractual claims, six years for contractual claims on immovable property, and ten years as the standard period. The clock is interrupted if the debtor acknowledges the debt, for example by paying part of it or interest, or if you bring an action.
A debtor portfolio is the set of amounts others owe you, where the goal is recovery. A creditor portfolio is the set of amounts you owe others, where the goal is a sustainable plan. Many businesses have both, and we manage either or both.
Managers must file within three weeks of the moment they knew or should have known that the company is insolvent. Failure carries criminal liability. Creditors can also apply. Tbilisi City Court handles cases from Eastern Georgia and Kutaisi City Court those from Western Georgia.
Yes. Georgia has been party to the New York Convention since 1994, and foreign awards are recognised through the Supreme Court of Georgia and then enforced locally.
· Reviewed by: Uta Kharbedia, Senior Partner. This page is general information, not legal advice. Rates, deadlines and procedures change: please speak to us before relying on them for a decision.
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