Collection of accounts receivable
As a precautionary measure, all companies are advised to draw up a credit policy. We offer services to mitigate the risks of accounts receivable. Our team of financial and tax consultants, and lawyers look forward to assisting Russian and foreign companies in collecting accounts receivable if necessary. To do so, they:
- Analyze possible scenarios and prepare for the collection of receivables;
- Negotiate with counterparties and out-of-court settlement;
- Collect receivables through court proceedings;
- Ensure that court decisions are enforced.
We are not a debt collection agency, so when we handle your debt collection affairs, debtors will perceive us more positively than any debt collectors or sale of debt. Our goal is to find optimal solutions on terms acceptable to debtors.
Three reasons to hire our team
1. Professionalism
2. Experience
3. Specialization
Preparation
- We review contracts for compliance with Russian laws;
- We collect information about the counterparty;
- We review documentation confirming proper fulfillment of contractual obligations;
- We assess whether debt can be collected;
- We manage claims.
Debt recovery through pre-trial process
- We assess whether there is a risk that the debt could not be collected due to a decrease in the debtor’s liquidity before the end of litigation;
- We look for opportunities and take measures to reduce the risks of non-repayment;
- We prepare proposals;
- We conduct negotiations;
- We send pre-action letters.
Alternative options
We estimate the return on the undertakings for each of the following options:
- Agreeing upon new terms with the debtor;
- Proposing a transfer of receivables under Article 391 of the Russian Civil Code (if possible) on acceptable terms (Article 384 of the Russian Civil Code);
- Restructuring;
- Selling receivables under an assignment agreement;
- Factoring.
Debt recovery in court
- We review the subject of dispute and available evidence;
- We prepare a legal position, determine the jurisdiction of the dispute;
- We draft and file a claim for debt collection;
- We represent the client’s interests in court during the consideration of the claim.
We can also open settlement accounts for foreign companies with no bank accounts in Russia so that money received from debtors can be credited to such accounts after collection of receivables.