With the assistance of the J&T Consulting team, a Georgian company successfully recovered the funds owed to them through the bankruptcy proceedings in Germany.
In 2017, a lawsuit was filed by a Georgian company in the Georgian court, with the aim of receiving damages from the German defendant.
Upon the satisfaction of the claim by the court of first instance and the recognition and enforcement of the Georgian decision in Germany, legal proceedings against the defendant commenced in Germany.
The nearly five-year bankruptcy process culminated in the distribution of funds among creditors, following which the Georgian company partially fulfilled its claim.
This significant outcome, stemming from the collaborative efforts of Georgian and German legal practitioners, holds precedent-setting importance for both legal systems.
J&T Consulting remains committed to safeguarding the interests of its clients across diverse jurisdictions.