CIS DRS

B2B DEBT COLLECTION IN RAS AL-KHAIMAH

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

General overview of B2B debt collection in Ras al-Khaimah

Ras al-Khaimah is one of the seven states in UAE, and therefore there are many companies in that region. B2B debt collection has been one of the most crucial issues for many companies in the Ras al-Khaimah region. For the last 10 years, our lawyers in CIS DRS have observed that more and more companies tend to struggle with debt collection and recovery.

In general, debt collection and recovery may seem like an easy task to do, especially in the B2B sphere. Practically speaking, it is indeed not that complicated, yet there are some specifics, which are better to be handled by people who have special knowledge and experience in this field. Typically, the debts can be recovered either with the help of court proceedings or with the assistance of a debt collection agency. However, in regions like Ras al-Khaimah, there are no specialized courts that would assist in financial litigation. This matter is usually handled by civil courts, and even in those cases, special legal counsel is needed. On the other hand, companies that work in the B2B sphere prefer to outsource the debt collection agency to try to settle the issue amicably.

What services does CIS DRS provide for companies in Ras al-Khaimah?

CIS DRS has been providing its services in the field of debt collection and recovery in the UAE for a long time. That includes debt collection in the Ras al-Khaimah region as well. Our lawyers have knowledge of local legislation and experience in conducting negotiations with local representatives of companies in the UAE.

Over the years of practice we have developed a practical method of debt collection for our clients worldwide. Of course, for each specific request the method could be modified. In general, it narrows down to the following steps.
1
We conduct additional research on the financial status of the debtor and look for contacts of people, who might be in charge.
2
We send a letter of the 1st demand, which is followed by the phone call.
3
Our lawyers engage in all means of communication with the debtors, trying to convince them to settle the dispute.
4
In case it is impossible to convince the debtor we advise our clients to consider a court settlement option.

Is debt collection in Ras al-Khaimah beneficial?

As our experience shows, debt collection is more beneficial than it is thought for B2B companies in the Ras al-Khaimah. Firstly, it helps the company to concentrate on other important tasks, while the debt collection agency takes care of the collection of late payments. Secondly, it is faster than court proceedings. In practice, court proceedings require extra time and resources, whereas debt collectors are able to settle the matter within several days. Lastly, debt collectors have special knowledge and expertise so there is no need to hire additional employees or train staff.

Team of experts for successful debt recovery.

In CIS DRS we understand how important debt collection is for our clients. That is why we are always trying our best to provide assistance and excellent client service. For more information, please, do not hesitate to contact us via the form below.
AT A GLANCE
Serving Clients in RAS AL-KHAIMAH 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 RAS AL-KHAIMAH

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)