Best Financial Services Regulation Lawyers in Tbilisi

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Prime Legal Georgia
Tbilisi, Georgia

Founded in 2018
20 people in their team
Georgian
English
Russian
French
German
Prime Legal represents the team of highly qualified jurists and attorneys which ensures full legal support for you, your family members, your company and your employees/co-workers, your business and its development. We also make sure that our clients are legally represented vis-à-vis their...
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PersonallawyeR
Tbilisi, Georgia

Founded in 2018
10 people in their team
Georgian
English
Persian
Russian
PersonallawyeR is your trustee person in Georgia, who knows local and international regulations and can completely support you and your business to fix juridical issues. PersonallawyeR can be your representative in Tbilisi, Georgia and help you for negotiations on the business meeting, or to...
BLC Law Office
Tbilisi, Georgia

Founded in 2000
35 people in their team
Georgian
English
Russian
German
French
BLC Law Office, established in 2000, holds the distinction of being the largest law firm in Georgia. It is consistently ranked as the TOP TEAR law-firm in Georgia across various fields of law by major international professional, research based directories. BLC specializes in General Business Law,...
Abashidze & Partners
Tbilisi, Georgia

Founded in 2013
4 people in their team
Georgian
English
Russian
Established in 2013, Abashidze & Partners is a full-scale business law firm practicing in Tbilisi, Georgia. Law firm specializes in business law and is consists of experienced commercial lawyers capable of advising our clients on the complete range of legal services needed to support their...
LCS Law Firm
Tbilisi, Georgia

Founded in 2020
5 people in their team
Georgian
English
Russian
LCS Law Firm offers a full range of legal services in both civil and administrative law.We will assist you in the following areas:Corporate/Business Law;Contract Law;Labour Law;Tax Law;Family and Inheritance Law;Intellectual Law;Immigration Law:Representation before Governmental Authorities;We...
NOMOS LLC

NOMOS LLC

15 minutes Free Consultation
Tbilisi, Georgia

Founded in 2022
3 people in their team
English
Nomos represents a law firm with a local feel and a global impact. We offer expertise with the most efficient and unique approach. All our attention is focused on finding the easiest possible legal solutions to the most difficult obstacles. We pride ourselves in building real relationships with our...
Legal Rights Georgia
Tbilisi, Georgia

Founded in 3
15 people in their team
Georgian
English
Russian
Lawyer’s office “Legal Rights Georgia” serves with success in Georgian and international law space. The professional team will help you preparing legal documents and also will help you to defend in general courts, constitutional court and administrative organizations.  Our company...

Founded in 2014
5 people in their team
Georgian
English
Lexxius - Premium Legal Consulting & Co. is an international law firm based in Tbilisi, Georgia. We support individuals and businesses in resolving conflict, safeguarding their futures, and maximizing opportunities. Our lawyers are leaders in their field and our practice areas are highly ranked...
Conse Law Firm
Tbilisi, Georgia

Founded in 2019
6 people in their team
English
Russian
Georgian
Conse Law Firm provides legal services to domestic and international clients, ranging from complex legal transactions to regular legal matters. Conse Law Firm executes corporate and commercial transactions across a broad range of industries, including telecommunications, aviation, oil and gas,...
TS Legal
Tbilisi, Georgia

Founded in 2011
25 people in their team
English
Russian
Georgian
The successful realization of your business idea depends on plenty factors, especially if you are planning to invest in a foreign country. Company provide full legal support: Company registration; Safe production of financial transactions; Research potential partners’ history; Representation...
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About Financial Services Regulation Law in Tbilisi, Georgia

Financial Services Regulation in Tbilisi, Georgia, involves a comprehensive legal framework designed to oversee and manage the financial services sector. This includes banks, investment companies, insurance firms, and other financial institutions. The National Bank of Georgia serves as the central regulatory authority, ensuring compliance with local laws and international standards. The regulations aim to maintain financial stability, protect consumers, and promote integrity and transparency within the industry.

Why You May Need a Lawyer

Financial Services Regulation can be complex, and there are several situations where legal assistance may be necessary:

  • Licensing and Registration: Ensuring your financial institution meets the necessary legal requirements.
  • Compliance Issues: Navigating regulatory requirements to avoid penalties.
  • Dispute Resolution: Addressing conflicts with regulatory bodies or clients.
  • Corporate Transactions: Advising on mergers, acquisitions, or restructuring within the financial sector.
  • Consumer Protection: Ensuring client dealings comply with local consumer protection laws.

Local Laws Overview

Several key aspects of local laws are particularly relevant to Financial Services Regulation in Tbilisi, Georgia:

  • The Law on Entrepreneurs: This law governs business operations, including those within the financial sector.
  • The Civil Code of Georgia: Provides a framework for contractual and tort obligations applicable to financial transactions.
  • The Securities Market Law: Regulates securities trading, market operations, and protection of investor rights.
  • The Banking Law: Addresses licensing, capital requirements, and supervisory practices for banks.
  • Anti-Money Laundering Laws: Mandates stringent processes to prevent illicit financial activities.

Frequently Asked Questions

What is the role of the National Bank of Georgia in financial regulation?

The National Bank of Georgia regulates financial institutions, ensures compliance with the law, and maintains financial stability in the country.

Do I need a license to start a financial services company in Tbilisi?

Yes, you must obtain a license from the National Bank of Georgia to legally operate a financial services company.

What are the penalties for non-compliance with financial regulations?

Penalties can include fines, suspension of licenses, and legal action against the entities or individuals responsible for non-compliance.

Can financial services disputes be resolved outside of court?

Yes, disputes can often be resolved through mediation or arbitration, which are alternative dispute resolution methods.

What consumer protection measures exist in the financial sector?

The National Bank of Georgia enforces laws and regulations designed to protect consumers from unfair practices and ensure transparency in financial transactions.

How often do financial regulations change in Georgia?

Financial regulations can change frequently to adapt to new economic conditions and international standards. Staying informed about these changes is crucial.

Is there a regulatory body for securities markets in Georgia?

Yes, the Georgian Stock Exchange is overseen by the National Bank of Georgia, which also regulates securities markets.

Are international financial transactions regulated differently?

International transactions are subject to additional scrutiny and have to comply with both local laws and international standards to prevent money laundering and fraud.

What steps are involved in appealing a regulatory decision?

You can appeal a regulatory decision by submitting a formal request to the National Bank of Georgia or through judicial review, depending on the case specifics.

How can I ensure my financial services business is compliant with local regulations?

Regular consultations with legal experts and continuous monitoring of regulatory updates are essential practices to ensure compliance.

Additional Resources

For more information and assistance, consider reaching out to these resources:

  • National Bank of Georgia: The primary regulatory body for financial services.
  • Ministry of Finance of Georgia: Provides guidance on financial laws and regulations.
  • Georgian Bar Association: A useful contact for finding specialized legal assistance.
  • Financial Ombudsman Service: Assists in resolving disputes between consumers and financial service providers.

Next Steps

If you need legal assistance in Financial Services Regulation, consider the following steps:

  • Assess the specific regulatory issues faced by your business or personal dealings.
  • Consult with a lawyer who specializes in financial services regulation to receive tailored advice.
  • Reach out to local resources and regulatory bodies if additional information or clarification is needed.
  • Stay informed about updates to financial regulations by subscribing to legal newsletters or attending relevant seminars and workshops.
Lawzana helps you find the best lawyers and law firms in Tbilisi through a curated and pre-screened list of qualified legal professionals. Our platform offers rankings and detailed profiles of attorneys and law firms, allowing you to compare based on practice areas, including Financial Services Regulation, experience, and client feedback. Each profile includes a description of the firm's areas of practice, client reviews, team members and partners, year of establishment, spoken languages, office locations, contact information, social media presence, and any published articles or resources. Most firms on our platform speak English and are experienced in both local and international legal matters. Get a quote from top-rated law firms in Tbilisi, Georgia—quickly, securely, and without unnecessary hassle.

Disclaimer:
The information provided on this page is for general informational purposes only and does not constitute legal advice. While we strive to ensure the accuracy and relevance of the content, legal information may change over time, and interpretations of the law can vary. You should always consult with a qualified legal professional for advice specific to your situation. We disclaim all liability for actions taken or not taken based on the content of this page. If you believe any information is incorrect or outdated, please contact us, and we will review and update it where appropriate.