A PERSON AUTHORIZED TO MANAGE AND REPRESENT A DEBTOR COMMUNITY IN THE REGIME OF REHABILITATION

The rights and duties of the director in entrepreneurial activities are regulated by both 1994 2021 editions Law Georgia “On Entrepreneurs”. powers assigned to him/her include leadership representation company. legal relations often goes beyond scope corporate law. Accordingly, established other fields law apply him. One them is insolvency, which provides for director’s involvement such a regime as rehabilitation regime. In paper, role considered within framework regulation regime, insolvency. addition reacting imperatively determined action, obliges assess evaluable foreseeable circumstances take appropriate action on it. topic relevant interesting, because civil liability towards director, criminal may also be considered. order properly discuss provided article, laws Insolvency Procedings Rehabilitation Collective Satisfaction Creditors compared with each other. Decisions/rulings general courts have been used paper clarify position court regarding issue. And, certain cases, norms different countries foreign language literature cited article purpose making comparison.