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
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 COLLECTION SERVICES IN MYANMAR
No Recovery-No Fee.
3.1
3
Our lawyers do their best to collect your credits
COLLECTION EFFORTS
2
Verifying Debtor's Address
Checking Debtors' Status in Database
Brief Report to Client
Case Strategy Design
CLAIM PROCESSING
1
Confirmation Receipt
Claims Automation System
Case Processing Starts Immediately
NEW CLAIM
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!
Just fill in the form and we will revert to you ASAP