What are the key features of CIS DRS in Kazakhstan?
Debt collection management requires a lot of time and resources. Mentioned process is best to be performed for B2B by an outsourcing agency, which has a special experience, and expertise. Especially in countries like Kazakhstan, where the majority of relationships are B2B. CIS DRS has a wide range of expertise in collecting payments for B2B companies in Kazakhstan. Our team has catched the trend of the increasing number of requests for collecting the debts amicably. We managed to establish and develop a special course of actions targeted at debtors in Kazakhstan.
How does CIS DRS provide services of debt collection management in Kazakhstan?
Astana, Kazakistan
Companies in Kazakhstan tend to cover their debts in an amicable manner, which is proven to be the most effective way. It is important to examine current legal and business practices for each region we operate in for our lawyers. Kazakhstan is not an exception. Firstly, we prepare a debt portfolio for more advanced research. We examine all information concerning debtors. Our investigation teams make sure that the information is up to date so that our lawyers would be able to establish communication with the right person to solve the dispute.
After the investigation part our experienced lawyers contact debtors and try to negotiate the best settlement without damaging clients business reputation. We engage in all types of communication. CIS DRS debt recovery teams take into account all cultural sensitivities that might occur during negotiations. For that reason, before contacting any debtor in the Kazakhstan region we study cross-cultural differences as well. Moreover, as official languages being Kazakh and Russian, our lawyers can communicate in both languages, so that it would be easier to convince the debtors to pay the outstanding balance.
The impact of the debt collection agency on businesses in Kazakhstan
One of the best solutions in case it is impossible to return the money on your own is to hire a collection agency. First of all, a team of professionals will be able to conduct a better and more profound analysis of your debtors` credit history. Secondly, the process of debt recovery through court hearings can be more expensive and may require a lot of resources. Instead of this the services of debt collection agencies are proven to be cost-saving. And lastly, we handle our cases locally and with the help of creating local teams. It helps us to get more acquainted with local culture and difficulties.
CIS teams of international experts for your debt portfolio management in Kazakhstan
Before taking any actions (pre-legal or legal) in regards to debt recovery we always examine the situation and provide you with the best solution. We have already provided help for many international clients and established partnerships worldwide. With years of experience, we can assure you that we will do everything to return your money shortly.
AT A GLANCE
Serving Clients in KAZAKHSTAN for more than two decades
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
portfolio analysis
control of payment terms
timely reminders
soft communication with clients
advisory regarding billing cycles
reminders via emails
receivables control
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
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
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
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
Get Proposal
Forward for Client's Approval
Collect Payment to Client
CLOSE the File
Whether Debtor Responds Positively (if yes)
3.2
Send In-house Demand Notice
Whether Disputes (if yes)
Get Proposal from Debtor
Forward for Client's Approval
Collect Payment to Client (if approved)
Suggest Court Case If Worth (if no)
CLOSE
Whether Responds Negatively (if no)
3.3
Convince for Amicable Settlement
Get Proposal
Forward for Client's Approval
Collect Payment to Client (if approved)
CLOSE
Whether Disputes (if no)
4
You always receive reports regarding our efforts in time
Current Status of Each Case
Collection Efforts Our Lawyers Have Already Done
What Should Be Done Further
Expected Outcome Or Suggestion
REPORTING
NEED TO COLLECT YOUR DEBT? WE CAN HELP YOU!
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