Debt Collection Russia
Does your company have a Russian customer who is not paying your invoice? The trading culture and regulations in Russia differ from those you are used to, which often makes debt collection in Russia complicated. Our debt recovery lawyers have the means to make your debtor pay. From the moment you hand your debt recovery matter over to us, we will do our utmost to collect your money. We, a debt recovery law firm, have more than sixty years of knowledge and experience at our disposal to assist you with your commercial debt collection in Russia.
Suggestions when your Russian customer is not paying:
- Contact your debtor and ask why your invoice has not been paid yet;
- Send a reminder immediately;
- In your reminder, state a clear description of the invoice;
- Also in this reminder, state a period of payment of a specific number of days.
Knowledge of Local Legislation and Customs of Trade
Our Russian debt recovery lawyers have extensive experience and knowledge of legislation and regulations in Russia. In addition, they are fully aware of commercial traditions and culture. That makes it easier to get your Russian debtor to pay quickly.
Debt Recovery in the Russian Language
Our lawyers speak both your language and Russian, which allows them to overcome language barriers with ease.
Customised Debt Recovery
Our commercial debt recovery approach is customised to each unique case, and we provide you with tailor-made advice.
We will always give our honest advice on the chances of success in your debt recovery matter. Putting your interests first is important to us; we endeavour to provide you with your options, as well as our advice on the best route to take. It’s easy to see how we put our core values of integrity and justice into practice.
The Debt Collection Process in Russia
The debt collection process in Russia can be divided into two stages. During the extrajudicial phase, collection takes place without Court intervention. During the judicial phase, we do involve the Court in order to make your Russian debtor pay. Because we are a law firm, we can assist you during both stages. In Russia, most matters are resolved during the extrajudicial phase, without Court intervention.
1. Extrajudicial Debt Collection
In principle, we always start the debt collection process with the extrajudicial phase. At this stage, we try to prevent Court intervention, as this can be expensive. We will contact your Russian debtor to demand payment. In specific cases, we will also engage in a face-to-face conversation with your Russian debtor. If the debtor does not pay within a set period of time, we can commence legal proceedings on your instruction. Announcing legal proceedings often convinces your customer to pay.
2. Judicial Debt Collection
If your Russian debtor refuses to pay during the extrajudicial phase, after discussion with you, we can go to Court in Russia. We will always provide you with information in advance regarding the likelihood of success in your debt recovery matter. We will also inform you in advance about the potential costs, and we only proceed with your permission.