About Us
BRIPA was founded on November 2, 2018. The founders are experienced insolvency practitioners, who were main contributors to insolvency system reform in Georgia and a co-author of the new draft law on Rehabilitation and Collective Satisfaction of Creditors.
The insolvency system is important for developing the Georgian economy and guarantees an investor-friendly environment. Fast and effective insolvency procedures ensure saving going concerns and increase the creditors' recovery rate.
The key part of the reform is to create and strengthen insolvency practitioners’ profession, what BRIPA is for.
Goals of the Association:
1. Setting the Professional Standards and Best Practices
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Establish the Professional and commercial standards of conduct;
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Develop best insolvency practice;
2. Delivering value to members
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Members needs assessment survey;
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Developing member-oriented policy;
3. Lobbying and networking
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Active state partnership policy including recommendations on respective law amendments;
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Collaboration with international IP professional associations;
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Organize regional and local conferences, visits, and round tables;
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Awareness Raising;
4. Education and Publishing
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Establish educational programs and standards;
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Conduct researches;
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Create a professional library.
News
The regional conference
On May 24 and 25, 2023 the BRIPA with the support of the USAID and the CLDP held a regional conference "Challenges of Modern Insolvency Law". The conference was attended by representatives of the Government of Georgia; Insolvency Practitioners from Georgia, Germany, Armenia, Azerbaijan, and Turkey; Judges from Georgia, the USA, and Germany; Academics from the UK, Germany, and Spain. Secretary General of UNIDROT, Professor Ignacio Tirado, was invited to the conference as a guest of honor. Conference participants shared their experiences, and talked about the challenges of insolvency law and different approaches to overcoming these challenges.
The following topics were discussed during various panel discussions at the conference:
- A brief overview of the formation and implementation of the insolvency law of each represented country, the challenges in practice, the public's attitude towards the law, and the rate of court referral;
- Insolvency law as a second chance for micro, small, and medium businesses;
- The role of courts and practitioners in developing a successful practice of insolvency law;
- Finding Digital Assets in Insolvency Regime and 'UNIDROT' Principles in Private Legal Relationships Regarding Digital Assets;