CIS DRS

DEBT COLLECTION IN MYANMAR

Debt portfolio management & Debt collection
We recover your bad debts for the success fee.
The debt collection process in Myanmar is not so different in comparison to worldwide practices. However, it is quite important to work with professionals, who are working in Asia and know nationwide attitudes, local lawyers and debt collection managers in person.

Our B2B practice provides 24/7 assistance and support to our clients, even if their cases are connected to outbound goods and transactions. Our lawyers have a huge experience in work with payment problems in Myanmar.

For us, it doesn't matter what timeline you belong to and where in Myanmar your counterparty is. The biggest part of our work is detailed due diligence and informational research, which allows us to be on a way ahead in negotiations.

Advantages of CIS DRS in Myanmar

One of the many of our features - our team investigates and reviews risks of the agreements of our clients and informs whether we can help them to avoid further issues with clients.

This service has already helped many of our clients to coordinate their work in the region and adapt contracts to the local legislation. By doing this you can be sure that we are doing everything possible to keep and develop our mutually beneficial cooperation.

The refusal is not the ending

We never stop in front of tough challenges. Of course, we are oriented on the amicable resolution in order to help you to return your money. In order to reach your client, our company has already built a strong chain of local lawyers and negotiators, who work on a result but not for an hourly fee, therefore, they have the highest motivation to return your money as quickly as possible.

Oly in a few cases we have to move to legal proceedings to finally reach a desirable solution. Hence, our lawyers will investigate a recovery possibility and legal ground for your claim. Additionally, we will find the best reputational solution for you in such a case and for further credit issues of your counterparties.

Lawyers you can always trust

It has to be mentioned that we appreciate your business reputation and help you to keep it in front of your commercial clients. Therefore, it is quite important to assure your case to someone you can completely trust such a delicate affair and be sure that they won't fail you.

Sometimes it is necessary to pass your case to the third-party collection agency in order to reach an agreement and keep the possibility of further business with someone who owes you money. That is why we work ethically and professionally, and always fight for our clients till we find the best profitable solution.

Please leave your request by filing the form below.
AT A GLANCE
Serving Clients in MYANMAR 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 COLLECTION SERVICES IN MYANMAR

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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