CIS DRS

COMMERCIAL DEBT RECOVERY IN KAZAKHSTAN

Debt portfolio management & Debt collection in KAZAKHSTAN
We recover your bad debts for the success fee.

General overview of the debt recovery in the commercial sector of Kazakhstan

For many companies in Kazakhstan debt collection and recovery may seem like an uneasy task to do. In reality, many companies always try to do it internally with the help of employees. In some way, it may create some issues inside any company since commercial debt collection and recovery could be complicated.

In general, any company can recover the payments in two ways in Kazakhstan: with the help of a court, or by engaging a debt collection agency. Nowadays, the tendency is that a lot of businesses prefer to choose the 2nd option, which is proven to be more efficient for various reasons. There are many things that are important in B2B. One of those things is to obtain payments for goods and services provided. Our lawyers in CIS DRS understand that importance and that is why we always try to do our best to collect commercial payments for our clients in the best way.

How does CIS DRS recover the payments in Kazakhstan?

many companies in Kazakhstan debt collection
Astana, Kazakistan
CIS DRS highly values not just the time of our clients but also the reputation. In commercial relations, it is extremely important to maintain good business relations. For that reason, when we conduct negotiations with the debtors we take into account future cooperation as well.

We have developed an approach, which could be modified depending on the circumstances of our clients. Each method or technique used is in compliance not just with the national legislation but also with the current business practices. Firstly, we analyze the financial situation of the debtors` company and search for additional information. Next, we send the letters of demand and make phone calls to the debtors to discuss the repayment option and see if there is a chance to settle the case amicably. We use various methods to persuade debtors. In case it is impossible to agree to an amicable settlement, we advise our clients to consider a court proceeding option.

The key benefits of debt recovery services ordered

There are many companies that still believe that commercial debt recovery is more efficient if the matter is taken to court. Nevertheless, in practice, there are more advantages than disadvantages.
1
Debt collection agencies help to maintain good business relationships since the representation is always professional and within the scope of the legal requirements.
2
The process itself is proven to be more efficient and fast. For countries like Kazakhstan, the court proceeding, in general, takes more time than simple negotiation.
3
There is no need to make the internal staff perform this task, and therefore they will stay focused on the daily tasks.

Hire a team of professionals for debt recovery in Kazakhstan

Our lawyers in CIS DRS understand how important that is to obtain late payments from business partners and maintain good relationships. We have years of experience in the field of commercial debt recovery in Kazakhstan and we can assure you that with our availability 24/7 we are able to provide you with the exceptional service to recover the payments in the best way possible.

Please submit your case via the form below.
AT A GLANCE
Serving Clients in KAZAKHSTAN for more than two decades
Debt Collection
  • 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
  • portfolio analysis
  • control of payment terms
  • timely reminders
  • soft communication with clients
  • advisory regarding billing cycles
  • reminders via emails
  • receivables control
Litigation
  • 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
  • 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
  • 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
  • filing creditors claims
  • representing clients in creditors committee meetings
  • bankruptcy process monitoring
  • liquidators communication
  • regular reporting to client
  • assets recovery
DEBT RECOVERY IN KAZAKHSTAN
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)