Do you have a Ukrainian customer who doesn't pay invoice for your company?
In Ukraine the trade system and laws vary from those you are used to, which often complicates debt collection in Ukraine.
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 your accumulation of corporate debts in Ukraine.
1. SUGGESTIONS IF THE UKRAINIAN CUSTOMER IS NOT PAYING
1.1. Call the debtor to inquire why your invoice has not yet been charged. Provide a reminder instantly. In your reminder, provide a clear description of the invoice. Also, in this notice, mention a payment period of a fixed number of days
2. KNOWLEDGE OF LOCAL LEGISLATION AND TRADE CUSTOMS
2.1. Our Ukrainian debt recovery experts have vast experience and knowledge of Ukrainian laws and regulations. Additionally, they are fully conscious of business traditions and culture, which makes getting your Ukrainian debtor to pay quickly easier.
3. DEBT RECOVERY IN UKRAINIAN LANGUAGE
3.1. Our attorneys know both Ukrainian and your mother tongue, which allows them to quickly transcend 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 UKRAINE
6.1. You can break the debt collection process in Ukraine into two stages. Selection takes place during the extrajudicial process, without the intervention of the Court. We may include the Court during the legal process in order to make the Ukrainian debtor pay.
6.2. Because we are a debt collection firm, we are able to assist you in both processes. Some disputes in Ukraine are settled during the extrajudicial process, without the involvement of the Court.
7. EXTRAJUDICIAL DEBT COLLECTION
7.1. In theory we usually continue with the extrajudicial step of the debt collection method. We are trying to prevent Court interference at this point, as this can be expensive. We'll call your debtor in Ukraine to seek payment.
7.2. In specific cases, we'll also engage with your Ukrainian 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.
8.1. If your Ukrainian debtor refuses to pay during the extrajudicial process, after negotiation with you, we will continue to the Court in Ukraine.
8.2. We will always give you preliminary details about the likelihood of success in your debt recovery case. We will also remind you of the potential costs in advance, and will only continue with your permission.
In the case of an uncontested dispute between two parties located in EU Member States (except Denmark)
European order for payment proceedings may be initiated.
In your situation, the prosecutor who manages the case will decide whether this kind of action is acceptable.
The creditor usually fills out a standard form for EU Order for Payment procedures and submits this to the Tribunal.
Instead, the Court issues a Local Transaction Notice. The debtor then has 30 days to decide whether they object to the charge.
If no notice is obtained within the 30-day span, you can require the Court to finalize the payment order (called a "declaration of enforceability"). This decision is true and enforceable and is recognized in any Member State (except Denmark).
The EU Payment Order is never appropriate for contested issues (so not in situations where there is a disagreement over the invoice).
The benefit of this process is flexibility and low cost (some Member States don't even impose a court fee), but the drawback is that if it gets challenged, the case stops, and if the claimant wants to continue, a regular civil action will have to be launched.
Debt Recovery in Ukraine. Fast.
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 Ukrainian 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 Romanian debtor may try to gain additional time. Persevere, be direct and never postpone. - In Ukraine, a payment period of three to seven days is normal
Our Ukraine debt collection experts have comprehensive experience and perspective of Ukrainian laws and policies. Therefore they are perfectly aware of Ukraine trading values and traditions. Which makes it easier for your Ukrainian debtor to quickly make payments.
Debt Collection Law Ukraine
Contact Us and Get our comprehensive article about how to collect a debt in Ukraine, using the amicable and legal options. This is best debt collection guide on Ukraine your will ever find.
Get paid Faster: Debt Recovery Ukraine
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Collect A Debt in Ukraine 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 Ukraine
We have prepared for you a comprehensive article about how the debt collection process works in Ukraine. See the country report on our Blog:
