Banking & Finance Law

Business Registration in Georgia for Foreigners — LLC / Sole Proprietor (Individual Entrepreneur) and a Business Bank Account

A Foreigner’s Business in Georgia — Two Forms and One Decisive Question A foreigner runs a business in Georgia in two…

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Bank Statement and Payment History for a Residence Permit in Georgia — Obtainment and Apostille

Why a Bank Statement Is Requested with a Residence-Permit Application A bank statement and payment history are among…

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Complaint Against a Bank or Payment Provider and the National Bank Dispute-Resolution Commission — Representation

Stage One — the Complaint to the Payment-Service Provider A misunderstanding with a bank or payment-service provider…

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Unauthorized or Incorrectly Executed Payment Operation — Complaint and Reimbursement

Notification, Blocking and Investigation — the First Steps If funds have left the account without your consent, or a…

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Politically Exposed Person (PEP) Status — the Banking Compliance Response

PEP Status — What It Is and How It Works in Banking Compliance Politically exposed person (PEP) status is not a…

7 minRead more

Banking Access for a VASP or Crypto Business — Compliance File Preparation

The Legal Basis That Exists — and Its Exact Boundaries Banking access for a crypto business in Georgia is often…

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Obtaining a Bank Guarantee or Letter of Credit — Application Preparation and Submission

Bank Guarantee and Letter of Credit — the Legal Basis The bank guarantee and the letter of credit belong to the…

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Account Refusal — Grounds, Documentation and Re-application

The Legal Nature of a Refusal — the Bank May Stay Silent If a bank has refused to open an account for you, the matter…

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Source of Funds Dossier Preparation — Including Crypto-Origin Funds

What a Source-of-Funds Dossier Is and Why the Bank Demands One When a bank asks for documents confirming the origin of…

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Non-Resident Bank Account Opening in Georgia — Document Package & Representation

The Legal Framework — What Governs the Opening Procedure In Georgia a commercial bank carries out the account-opening…

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Account Blocking on the Ground of a Suspicious Transaction — Client Rights and Unfreezing Routes

Why Accounts Get Blocked — Two Different Mechanisms When a bank holds your operations and the account is effectively…

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Insurance Compensation Disputes

Legal Basis of an Insurance Compensation Dispute An insurance compensation dispute in Georgia depends first of all on…

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Reinsurance Contracts

The Concept of Reinsurance and Its Place in Insurance Activity Reinsurance is an operation defined by the Law of…

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Compulsory Motor Third-Party Liability (MTPL) Insurance Disputes

The Insurer's Duty to Compensate and Excluded Cases The Law of Georgia on Compulsory Civil Liability Insurance of…

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Drafting and Auditing Insurance Contracts

Legal Framework of an Insurance Contract Drafting and auditing insurance contracts in Georgia rests on the Law of…

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D&O and Professional Liability Insurance Programs

Conceptual Framework of Liability Insurance Directors' and officers' liability programs, like professional liability…

4 minRead more

National Regulatory Organs — Status, Powers and Appeals

Purpose and scope of the law The Georgian law on national regulatory organs creates a single legal framework for the…

9 minRead more

Consumer Protection at the National Bank — Currency Exchangers and Deposit Operations

The protection of consumer rights in the financial sector is a distinct area among the National Bank's tasks. The…

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Resolution of a Commercial Bank — Crisis Management and Temporary Financing

When a commercial bank falls into serious difficulty and ordinary supervisory measures no longer suffice, a special…

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Supervision of Financial-Sector Entities — from Securities to Virtual Assets

The National Bank's supervisory mandate does not end with the banking sector: the Organic Law on the National Bank…

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The National Bank's Supervisory Powers and Measures

The National Bank of Georgia is the country's central bank and, at the same time, the central supervisory authority of…

8 minRead more

Factoring Company — Registration, Regulation and Sanctions

The Status and Legal Form of a Factoring Company A factoring company may exist only in the legal form of a limited…

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The Debtor's Position in Factoring — Notice, Transfer of Rights, Coverage

Documentation Related to Factoring Upon the transfer of each accounts receivable to a factor on the basis of factoring…

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The Factoring Contract — Types, Form and Conditions

The Concept and Object of Factoring Factoring is a transaction that involves the transfer of accounts receivable…

7 minRead more

Deposit Insurance — Depositor Compensation When a Bank Fails

The Deposit Insurance System and the Agency The deposit insurance system covers the relationships — regulated by this…

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Insurer Insolvency — Guarantees for the Insured

How the law secures the insurer's solvency To secure its solvency, the insurer is obliged to observe the economic norms…

6 minRead more

Insurance Agent and Broker Activities

What counts as insurance intermediary activity Insurance intermediary activity in the sphere of insurance is the paid…

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Consumer Rights Protection in Insurance

Who supervises the insurance market State supervision over insurance activity — and, within the frames determined by…

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Parties to Insurance and the Insurable Interest

What insurance and insurance activity mean Insurance is a relationship formed to protect the personal and property…

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Lawsuit on a Bill and Recourse Claims

When a bill remains unpaid, an entire system of claims opens before the holder — but this system has its own strict…

5 minRead more

Banking & Finance Law

Verified specialists in this area

Articles by specialists in this area

Business Registration in Georgia for Foreigners — LLC / Sole Proprietor (Individual Entrepreneur) and a Business Bank Account

Bank Statement and Payment History for a Residence Permit in Georgia — Obtainment and Apostille

Complaint Against a Bank or Payment Provider and the National Bank Dispute-Resolution Commission — Representation

Unauthorized or Incorrectly Executed Payment Operation — Complaint and Reimbursement

Politically Exposed Person (PEP) Status — the Banking Compliance Response

Banking Access for a VASP or Crypto Business — Compliance File Preparation

Obtaining a Bank Guarantee or Letter of Credit — Application Preparation and Submission

Account Refusal — Grounds, Documentation and Re-application

Source of Funds Dossier Preparation — Including Crypto-Origin Funds

Non-Resident Bank Account Opening in Georgia — Document Package & Representation

Account Blocking on the Ground of a Suspicious Transaction — Client Rights and Unfreezing Routes

Insurance Compensation Disputes

Reinsurance Contracts

Compulsory Motor Third-Party Liability (MTPL) Insurance Disputes

Drafting and Auditing Insurance Contracts

D&O and Professional Liability Insurance Programs

National Regulatory Organs — Status, Powers and Appeals

Consumer Protection at the National Bank — Currency Exchangers and Deposit Operations

Resolution of a Commercial Bank — Crisis Management and Temporary Financing

Supervision of Financial-Sector Entities — from Securities to Virtual Assets

The National Bank's Supervisory Powers and Measures

Factoring Company — Registration, Regulation and Sanctions

The Debtor's Position in Factoring — Notice, Transfer of Rights, Coverage

The Factoring Contract — Types, Form and Conditions

Deposit Insurance — Depositor Compensation When a Bank Fails

Insurer Insolvency — Guarantees for the Insured

Insurance Agent and Broker Activities

Consumer Rights Protection in Insurance

Parties to Insurance and the Insurable Interest

Lawsuit on a Bill and Recourse Claims

Subcategories

Related Categories

Banking & Finance Law

Verified specialists in this area

Articles by specialists in this area

Business Registration in Georgia for Foreigners — LLC / Sole Proprietor (Individual Entrepreneur) and a Business Bank Account

Bank Statement and Payment History for a Residence Permit in Georgia — Obtainment and Apostille

Complaint Against a Bank or Payment Provider and the National Bank Dispute-Resolution Commission — Representation

Unauthorized or Incorrectly Executed Payment Operation — Complaint and Reimbursement

Politically Exposed Person (PEP) Status — the Banking Compliance Response

Banking Access for a VASP or Crypto Business — Compliance File Preparation

Obtaining a Bank Guarantee or Letter of Credit — Application Preparation and Submission

Account Refusal — Grounds, Documentation and Re-application

Source of Funds Dossier Preparation — Including Crypto-Origin Funds

Non-Resident Bank Account Opening in Georgia — Document Package & Representation

Account Blocking on the Ground of a Suspicious Transaction — Client Rights and Unfreezing Routes

Insurance Compensation Disputes

Reinsurance Contracts

Compulsory Motor Third-Party Liability (MTPL) Insurance Disputes

Drafting and Auditing Insurance Contracts

D&O and Professional Liability Insurance Programs

National Regulatory Organs — Status, Powers and Appeals

Consumer Protection at the National Bank — Currency Exchangers and Deposit Operations

Resolution of a Commercial Bank — Crisis Management and Temporary Financing

Supervision of Financial-Sector Entities — from Securities to Virtual Assets

The National Bank's Supervisory Powers and Measures

Factoring Company — Registration, Regulation and Sanctions

The Debtor's Position in Factoring — Notice, Transfer of Rights, Coverage

The Factoring Contract — Types, Form and Conditions

Deposit Insurance — Depositor Compensation When a Bank Fails

Insurer Insolvency — Guarantees for the Insured

Insurance Agent and Broker Activities

Consumer Rights Protection in Insurance

Parties to Insurance and the Insurable Interest

Lawsuit on a Bill and Recourse Claims

Subcategories

Related Categories