CIS DRS

DEBT RECOVERY IN RAS AL-KHAIMAH

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

Debt management in Ras al-Khaimah

Debt collection can be a complicated process for many businesses in many regions of the UAE and worldwide. Especially in Ras al-Khaimah, which is considered as one of the business centers. With many companies establishing and developing fast, it may be difficult to keep track of all the financial transactions. In the Middle East one of the most common structures is B2B.

In general, in Ras al-Khaimah the process of debt recovery has 2 options: amicable settlement or court settlement. While 2 procedures are being equally efficient, the amicable settlement of payments is still considered the most common one. Companies, as a common practice, would like to keep their business relations with partners and recover what is owed at the same time. In order to complete such a task, it is necessary to outsource an agency, which can provide help in this situation.

CIS debt recovery process in Ras al-Khaimah

CIS establishes partnerships all over the world to provide the best service, and Ras al-Khaimah is no exception. With the debt collection process being quite challenging in UAE, we conduct all necessary research, strategic planning and help B2B companies to recover overdue payments.

Our offices recover the payments from not just in Ras al-Khaimah but in UAE as well. Firstly, we establish the facts about the debtors. Our investigation departments research any additional information about the financial and legal status. After we complete the research, we contact the debtors by any permitted and available means of communication. As a rule, it is required to send a legal notice on behalf of the lender to return the money. Next, we keep communicating with the debtors to settle amicably.

The most important step is negotiation. In Ras al-Khaimah the official language is Arabic, and English is commonly used as well. Our lawyers communicate with the representatives of commercial companies to recover the payments in both languages. We also use various techniques to persuade and to collect. In case of an unsuccessful outcome, we advise our clients on the next possible steps, which could be an initiation of a court proceeding.

Why is it efficient to outsource an agency for debt recovery in B2B?

There can be many challenging aspects in commercial relations. Debt collection is one of them. For many companies this process can become challenging. That is why the best solution is to outsource an agency, which has a specialty in this particular field. Debt collection agencies ensure that debt portfolio management runs smoothly, and efficiently. It is important to weigh the importance of relationship management with partners in B2B. In CIS DRS we make sure that your company gets proper representation while recovering all your payments.

CIS DRS experts for the recovery of your funds

Our teams of experts provide the services professionally in all parts of the globe. With the help of our established local offices, partnerships, and unique planning we are able to recover the payments for B2B in the most efficient and fair way. Please, contact us via the form below so we can assist you and help you to recover as fast as possible.
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)
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