CIS DRS

COMMERCIAL DEBT RECOVERY IN AZERBAIJAN

Debt portfolio management & Debt collection in AZERBAIJAN
We recover your bad debts for the success fee.
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.
Have you tried to solve the issues with the debtor on your own?
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 DRS expertise in debt collection in Azerbaijan?
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.
How to receive effective debt collection services?
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.
AT A GLANCE
Serving Clients in AZERBAIJAN for more than two decades
Debt Collection in AZERBAIJAN
  • analysis of trade documents in default
  • credit check of the debtor's company
  • strategy for peaceful settlement
  • drafting official demand letters
  • phone negotiations with debtor
  • personal negotiations with debtor
  • drafting restructuring plan
  • control of installment payment
Debt Management in AZERBAIJAN
  • portfolio analysis
  • control of payment terms
  • timely reminders
  • soft communication with clients
  • advisory regarding billing cycles
  • reminders via emails
  • receivables control
Litigation in AZERBAIJAN
  • legal review of trade documents
  • translation of the documents
  • drafting a Power of Attorney
  • making a strategy of litigation
  • drafting and filing law-suit
  • application for assets seizure
  • participation in court hearings
  • obtaining judgment for client
Arbitration in AZERBAIJAN
  • legal review of arbitration clause
  • translation of necessary documents
  • drafting a Power of Attorney
  • making a strategy for arbitration
  • drafting and filing law-suit with IAC
  • application for assets seizure
  • participation in arbitration hearings
  • obtaining arbitral award for client
Enforcement in AZERBAIJAN
  • analysis of judgment or arbitral award
  • making a strategy of enforcement
  • drafting application for enforcement to local court
  • participation in court's hearings
  • obtaining writ of enforcement
  • filing the writ to Bailiff's Service
  • control of execution work
Bankruptcy in AZERBAIJAN
  • filing creditors claims
  • representing clients in creditors committee meetings
  • bankruptcy process monitoring
  • liquidators communication
  • regular reporting to client
  • assets recovery
COMMERCIAL DEBT RECOVERY IN AZERBAIJAN
No Recovery-No Fee.
CLAIM PROCESSING
  • Verifying Debtor's Address
  • Checking Debtors' Status in Database
  • Brief Report to Client
  • Case Strategy Design
  • Confirmation Receipt
  • Claims Automation System
  • Case Processing Starts Immediately
NEW CLAIM
Our lawyers do their best to collect your credits
COLLECTION EFFORTS
1
2
3
3.1
  1. Get Proposal
  2. Forward for Client's Approval
  3. Collect Payment to Client
  4. CLOSE the File
Whether Debtor Responds Positively (if yes)
3.2
  1. Send In-house Demand Notice
  2. Whether Disputes (if yes)
  3. Get Proposal from Debtor
  4. Forward for Client's Approval
  5. Collect Payment to Client (if approved)
  6. Suggest Court Case If Worth (if no)
  7. CLOSE
Whether Responds Negatively (if no)
3.3
  1. Convince for Amicable Settlement
  2. Get Proposal
  3. Forward for Client's Approval
  4. Collect Payment to Client (if approved)
  5. CLOSE
Whether Disputes (if no)
4
You always receive reports regarding our efforts in time

  1. Current Status of Each Case
  2. Collection Efforts Our Lawyers Have Already Done
  3. What Should Be Done Further
  4. Expected Outcome Or Suggestion
REPORTING
NEED TO COLLECT YOUR DEBT?
WE CAN HELP YOU!

Just fill in the form and we will revert to you ASAP
FOR DEBT COLLECTION IN ASIA:

TEL: +86-532-82-02-2526
EMAIL: asia@cisdrs.com

1805 Parkson International Business Center, 44-60
Zhongshan Road, 266001, Qingdao Shandong, CHINA

We work Monday to Friday, 9 AM - 6 PM (GMT-7)
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