---
title: "Lawsuit on a Bill and Recourse Claims"
url: "https://legal.ge/en/service/banking-and-finance-law-en/lawsuit-on-a-bill-and-recourse-en"
field: "Banking & Finance Law"
description: "Claims on a bill: limitation of three years, one year and six months; sums of six and three per cent. Legal.ge."
updated: "2026-10-14"
publisher: "legal.ge"
---

# Lawsuit on a Bill and Recourse Claims

> Source: legal.ge, https://legal.ge/en/service/banking-and-finance-law-en/lawsuit-on-a-bill-and-recourse-en

When a bill remains unpaid, an entire system of claims opens before the holder — but this system has its own strict deadlines and precise rules for computing the sums. Whom to sue, within what time, and for what amount — the Law on Bills answers these questions in advance, and a deadline computed incorrectly destroys the entire claim. Legal.ge's lawyers accompany this process from preparing the statement of claim through enforcement.

## When a Claim May Be Brought

The holder of a bill may bring a claim against the endorser, the drawer and other obligated persons upon the arrival of the payment deadline and in case of non-payment. Beyond that, the law grants this right before the deadline in defined situations: where refusal was declared as to acceptance of the whole sum of the bill or part of it; where the debtor's insolvency is doubtful — regardless of whether the bill was accepted by it; where the debtor suspended its payments without court confirmation, or where compulsory enforcement produced no result; and where the insolvency of the drawer of a bill not subject to acceptance is doubtful.

The full text is available on legal.ge after signing in: https://legal.ge/en/service/banking-and-finance-law-en/lawsuit-on-a-bill-and-recourse-en

### Within what period can the acceptor be sued?

Within three years from the day of the payment deadline.

### And against endorsers?

Within one year from the last day of the period fixed for the protest; endorsers against each other — within six months.

### What sums are claimed?

The bill's sum, interest at six per cent, expenses, and lump-sum damages of three per cent of the sum.

### When are rights against endorsers lost?

On missing the deadlines for presenting a bill payable on presentation, for the protest, or for presenting for payment under the return-without-expenses clause — the right against the acceptor survives.

### Does a personal circumstance extend the deadline?

No — circumstances impeding only the holder or its representative are not force majeure.