Do you have a Russian customer who doesn't pay invoice for your company?
Russia's trade system and laws vary from those you're used to, which often complicates debt collection in Russia.
Our debt recovery attorneys have the means to make restitution to your creditors. We'll do our best to raise the funds from the moment you turn your debt recovery matter over to us.
We, a debt recovery law firm, have knowledge and practice at our fingertips to help you with the processing of your corporate debt in Russia.
1. SUGGESTIONS IF THE RUSSIAN CUSTOMER IS NOT PAYING
1.1 Call the debtor to inquire why your invoice was not paid yet Include a reminder immediately In your warning, mention a simple invoice summary. Also in this notification, state a payment period of a certain number of days
2. KNOWLEDGE OF LOCAL LEGISLATION AND TRADE CUSTOMS
2.1 Our Russian debt recovery experts have vast experience and knowledge of Russian laws and regulations. Additionally, they are fully conscious of business traditions and culture. Which makes getting your Russian debtor to pay quickly easier.
3. DEBT RECOVERY IN RUSSIAN LANGUAGE
3.1 Our attorneys know both the language and Russian so they can quickly solve the language barriers.
4. CUSTOMISED DEBT RESTRUCTURING
4.1 Our business debt recovery strategy is tailored to every single case, and we provide tailored advice to you.
5. STRAIGHTFORWARD GUIDANCE
5.1 We will always offer our honest advice on the likelihood that your debt recovery will be successful. It is vital to us to put your needs first; we are endeavoring to provide you with your choices and guidance on the best route to take. It is clear to see how we are upholding our core values of honesty and justice.
6. THE DEBT COLLECTION PROCESS IN RUSSIA
6.1 We can break the debt collection process in Russia into two stages. Selection takes place during the extrajudicial process, without the intervention of the Court.
6.2 We do include the Court during the legal process in order to make the Russian debtor bill. Because we are a law firm, we are able to assist you in both processes. Many disputes in Russia are settled during the extrajudicial process, without the intervention of the Court.
7. EXTRAJUDICIAL DEBT COLLECTION
7.1 In theory we often continue with the extrajudicial step of the debt collection cycle. We are trying to prevent Court interference at this point, as this can be costly. We'll be calling your Russian debtor to accept payment.
7.2 In specific cases, we'll also engage with your Russian debtor in a face-to-face chat. If the debtor fails to pay within a specified period of time we will launch legal proceedings on your order. The declaration of legal proceedings also persuades the customer to pay.
Our business debt recovery methodology is customized to every single instance, so that we can provide objective advice to you. We will always give our objective advice on the likelihood of your debt recovery being successful. It is essential to us to place your interests first; we aim at providing you with your possibilities and suggestions on the best path to take. It is clear to see how we are pursuing our fundamental values of integrity and justice.
What To Do When Your Russian Customer is Not Paying
- Contact your customer and demand why no payment has been and when exactly it will be. Always request the payment copy sent to you. - Are you not able to solve the problem with your customer? Send them a certified letter requesting immediate payment. - Be conscious that with ambiguous payment terms or arguments, your Russian debtor may try to gain additional time. Persevere, be direct and never postpone. - In Russia, a payment period of three to seven days is normal
Our Russia debt collection experts have comprehensive experience and perspective of Russian laws and policies. Therefore they are perfectly aware of Russia trading values and traditions. Which makes it easier for your Russian debtor to quickly make payments.
Debt Collection Law Russia
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Get paid Faster: Debt Recovery Russia
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Collect A Debt in Russia using our local Network
We follow your instructions at all times and ensure regular communication with you via collection reports, recommendations regarding debtor payments, payment plans and, where necessary, repossession and Court proceedings.
Debt Collection Process in Russia
We have prepared for you a comprehensive article about how the debt collection process works in Russia. See the country report on our Blog:
