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

Establish the Professional and commercial standards of conduct;
Develop best insolvency practice;

2. Delivering value to members

Members needs assessment survey;
Developing member-oriented policy;

3. Lobbying and networking

Active state partnership policy including recommendations on respective law amendments;
Collaboration with international IP professional associations;
Organize regional and local conferences, visits, and round tables;
Awareness Raising;

4. Education and Publishing

Establish educational programs and standards;
Conduct researches;
Create a professional library.