Debt Recovery
Counterparty debt can significantly impact a business’s financial stability, especially when dealing with large sums or international contracts. Effective debt recovery requires competent legal support, a thorough analysis of the situation, and the application of optimal legal instruments.
The REVERA team offers a comprehensive approach to accounts receivable recovery, from pre-trial settlements and negotiations with debtors to representing clients’ interests in courts and arbitration, including international instances.
Our services
Debt Recovery Strategy Development
- Identifying the most effective debt collection mechanism.
- Selecting the optimal method for protecting the creditor’s rights.
- Analyzing potential risks and debt repayment timelines.
Pre-Trial Debt Settlement
- Conducting negotiations with the debtor and developing restructuring proposals.
- Sending official claims and demands for debt repayment.
- Preparing debt acknowledgment agreements and repayment schedules.
Judicial Debt Collection
- Preparing and filing lawsuits, including those related to foreign trade contracts.
- Recovering debts through writ and lawsuit proceedings.
- Utilizing a notary’s executive inscription as an expedited collection method.
Enforcement of Court Decisions
- Supporting enforcement proceedings in Belarus and abroad.
- Cooperating with bailiffs and monitoring forced debt recovery.
- Searching for and seizing debtor assets to ensure judgment execution.
Debt Recovery in Foreign Courts and Arbitration
- Representing clients in foreign courts and international arbitration.
- Recognition and enforcement of foreign court decisions in other jurisdictions.
- Collaborating with international legal partners to recover debts abroad.
Creditor Protection in Bankruptcy Procedures
- Registering claims in the creditors’ registry.
- Challenging transactions made to the detriment of creditors.
- Overseeing the distribution of debtor assets.
