If the right on mortgage of the financial institution of developed countries (stipulated by Sub-article "E" of Article 1 of the Law on activities of Georgia-registered commercial banks, micro-financial organizations, insurance companies, international and commercial banks) is registered prior to the registration of the tax mortgage right on attached movable property and in case the obligation, due to which the compulsory enforcement is conducted, has been imposed before the registration of the tax mortgage right, the demands of the persons enlisted in the Article will be met immediately after the funds have been gathered as a result of realization of the property. However, enforcement service due and the related expenses are the primary charges. Demand of the Tax Service is the final requirement met during the process.
