COMMERCIAL DEBT RECOVERY IN AZERBAIJAN

There are a lot of issues, which can arise between a buyer and a supplier of goods in the field of international trade. These issues always lead to delays in payments. CIS Debt Recovery Solutions provides B2B services worldwide including Azerbaijan. Key areas of activity are a wide range of services, namely: debt collection, debt management, litigation, arbitration, enforcement and bankruptcy.

Azerbaijan is active in export and import, cooperating with other states around the world, especially with Russia, China, Turkey, EU countries, etc. In this regard, severe issues may arise in relation to the return of bad debts.

Most companies are accustomed to the standard procedure for resolving issues with bad debts. At first, the supplier tries to contact the debtor from Azerbaijan and convince him to make the entire payout on his own. Quite expectedly, the counterparty provides you with information that there are no funds, but they have already requested the credit from the bank or tried borrowing the funds from partners. Nevertheless, you do not get any results for months.

It leads to filing a claim to the appropriate Azerbaijani court at the debtor's location or in accordance with the arbitration clause enshrined in the contract to Chamber of Commerce and Industry of Azerbaijan. Such an approach may take years and not lead to anything. The main problems are: the abuse of procedural rights, delay in the trial, the deliberate impoverishment of the debtor company in the form of the withdrawal of the company's assets to offshore zones, the corruption of the judiciary and many other points.

CIS Debt Recovery Solutions debt collection services can prevent you from the previousely mentioned negative repercussions for your business. We consider the pre-trial settlement of the dispute as the most effective way to solve the issue. The team of debt collection lawyers have developed a long-term and efficient approach to debt collection. Moreover, our practice shows that it allows you to solve the problem faster than going to a court or an arbitration. Local expertise gives the confidence and knowledge of how business in Azerbaijan goes.

We may help you relieve the burden on your company, because our lawyers provide support for your business as an outsource. Thus, if you need any assistance in collecting your commercial debt, you just need to fill in the form on the website below. Thereafter, we will contact you within the shortest possible time in order to discuss with you all the necessary moments regarding the debt repayment. As a result, our lawyers will examine all the provided information, proceed with their research regarding the debtor's activity and conduct the negotiations with your counterparty from Azerbaijan. Consequently, our agency will make everything possible to push the debtor to make the entire payment to you within the shortest possible time.