Banking & Finance Lawyers in Tbilisi, Georgia

Commercial lending and facility agreements

The facility agreement should match how the borrower earns and uses cash. A revolving facility for working capital, a term loan for an acquisition and a construction facility solve different problems. We draft and negotiate drawdown conditions, repayments, financial covenants, reporting, restrictions on disposals and distributions, events of default and lender remedies. Where the transaction is cross-border, we also consider governing law, jurisdiction, service of notices and how the financing will be enforced in Georgia.

A single number in a term sheet can conceal a point of real negotiation. A leverage covenant is only as reliable as the definitions of debt and earnings. A mandatory prepayment clause can have a significant effect on liquidity if it catches insurance proceeds or proceeds from ordinary asset sales. We work through these points with the finance teams and carry the agreed economics into the documents.

Mortgages, pledges and guarantees in Georgia

A security package begins with identifying the collateral and confirming the grantor’s ownership and authority. Georgian real estate mortgages, pledges over movable assets or rights, and guarantees each raise different questions of creation, registration or other steps needed for effectiveness and priority. We review title, existing encumbrances, transfer restrictions and any consents that must be obtained before signing or funding.

In a group financing, support may come from companies that do not receive the loan proceeds directly. The lender should understand each guarantor’s authority, available assets and corporate approvals. The borrower should understand the practical consequences of granting security over shares, bank accounts or revenue claims. Where several creditors are involved, an intercreditor agreement can allocate priority, voting and control over enforcement. Our real estate lawyers assist with property title and registered encumbrances.

Financial services, payments and fintech regulation

The Georgian regulatory analysis depends on the service as it will actually operate. Receiving or holding customer funds, providing payment services, extending credit and offering account access may fall under different regulatory frameworks. The National Bank of Georgia licenses commercial banks and registers non-bank payment service providers subject to the applicable rules. We analyse the product, the contractual relationships and the movement of funds before advising on the relevant authorisation, registration or other obligations.

For a payments or fintech business, the regulatory work also affects customer terms, merchant contracts, outsourcing, governance and anti-money-laundering controls. A product built around a technology vendor needs a clear allocation of responsibility for onboarding, transaction monitoring, access to records and operational incidents. Where the business handles customer data across jurisdictions, our personal data protection lawyers review the information flows and vendor arrangements.

Refinancing, distressed debt and recovery

A refinancing needs a release and replacement sequence that works on the day funds move. Where the borrower is already under pressure, the parties may need a waiver, amendment or standstill before they can agree a longer-term restructuring. We review the loan, security and intercreditor documents to identify who must approve changes and which rights need to be reserved.

If recovery becomes necessary, we assess notices, acceleration, the assets available and the practical steps for enforcement in Georgia. Contested matters may call for commercial litigation or arbitration. Transactions funded against project revenues or issued to multiple investors can also draw on our project finance and capital markets practices.

Speak to a banking and finance lawyer in Tbilisi

Send the term sheet or existing facility agreement, details of the borrower and guarantors, and a description of the proposed collateral. For a regulated business, provide a short product description and a diagram of how funds move. Lawyers.ge can advise on the Georgian documents, negotiate with the counterparties and coordinate the legal work through funding.