Bounced cheques and no payments
Fashion & Retail
No matter where a client is located, there will always be a counterparty who believes they can get away with non-payment. Even if you mention you’ll take legal action, sometimes the debtor never takes this seriously, until our lawyers come knocking.
Our Italian client is a medium-sized manufacturer of high-quality leather products. Once having done business with another Italian company, the customer placed several orders and guaranteed payment through several cheques. After the first payment term expired, our client tried to contact the debtor, with no luck. Weeks turned into months, and our client never heard back from the debtor.
After many attempts to persuade the debtor to pay, our client was unable to recover the payment. The client even hired a debt collection agency, but even they were unsuccessful too. At this point, our client had lost all hope of recovering the payment. As a last resort, they decided it was time to take serious legal action. After having spent a lot of time and money on an external debt collection agency, our client was not looking for a lengthy and uncertain litigation process. They wanted immediate action.
After our client hired our Italian lawyers, we immediately were able to identify the underlying legal issues and provide sound advice to our client. In their case, direct enforcement was possible without having to go through the regular litigation path. Time was of the essence due to the imminent expiration of the cheques. Luckily, we were able to quickly identify the debtor’s assets and commence enforcement right on time.
The debtor finally made a real proposal to repay a substantial part of the debt which was guaranteed through promissory notes. Knowing that we would interfere if the debtor did not pay, the instalments were paid on time.
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For national cases, our lawyers know all the ins and outs of their representative legal systems. Complex legal action may be required, which means you’ll need an experienced lawyer. With our in-house lawyers, there is always a specialist who speaks the same language as your debtor. This case study is one of the thousands of cases that we can solve on your behalf. If you would like to know more about what we can do for you, contact us today for your free consultation.