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Property of Archimedes Global Georgia Put up for Auction

The Insurance Supervision Service is selling movable property of the  bankrupt Archimedes Global Georgia via  auctions.

“Commersant” was told at the Service that the clinicsbelonged to Archimedes are not for sale as they have been confiscated  by  the decision of EconomyMinistry of  31 December 2013, while  the money recovered from the sale of movable property will satisfy lenders.

According to the Insurance Supervision Service, thegeneral meeting of creditors is scheduled for December at which  it will be decided how the process will contunue.

Archimedes Global Georgia went into bankruptcy regime  on December 31 last year.