CIS DRS

DEBT COLLECTION IN TURKMENISTAN

Debt portfolio management & Debt collection in TURKMENISTAN
We recover your bad debts for the success fee.
Debt recovery solutions in Turkmenistan
CIS DRS handled many cases in Turkmenistan during couple of last years. We managed to build an effective system of debt collection and fast work with locals, which gives you an advantage over other debt collection cases in this country.

We understand how important it is to return your money back to your account. That is why CIS DRS developed a set of services in B2B debt collection, which help our clients to control the status of the case and see the progress at certain stage. When you assign a case to us, please, be sure that we find the appropriate effective strategy and will take into account all your suggestions.

Amicable dispute resolution services of CIS DRS helps many of our clients to reach agreements with their debtors and keep good relations without the dark past of their misunderstandings.

Our lawyers conduct negotiations in professional and ethical manners. That makes them your trusted advisors and partners throughout the whole path of your case till successful recovery. Additionally, we provide our clients with reports up to their preferences regularly.

Of course, some cases are impossible to resolve amicably. With all our loyalty you can count on our international agency if the case moves to litigation proceedings.
Why to submit debt collection cases to CIS DRS in Turkmenistan
As in CIS region case management and negotiations regarding unpaid debts in Turkmenistan requires local expertise. It is quite difficult to convince the owner of the company that contractual obligations are more important in commercial relations than personal relationships in Turkmenistan. Therefore, we investigate all aspects of the contract with a counterparty and provide due diligence of the debtor and its credit and trading history.

CIS DRS applied the practice of cooperation with the local government institutions in order to help our clients in recovery in Turkmenistan. Our promise is that we work for results - not for hourly fees. Our debt recovery lawyers are interested in the successful collection efforts and excellent service as much as you are, or even more.
AT A GLANCE
Serving Clients in TURKMENISTAN for more than two decades
Debt Collection in TURKMENISTAN
  • 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 in TURKMENISTAN
  • portfolio analysis
  • control of payment terms
  • timely reminders
  • soft communication with clients
  • advisory regarding billing cycles
  • reminders via emails
  • receivables control
Litigation in TURKMENISTAN
  • 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 in TURKMENISTAN
  • 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 in TURKMENISTAN
  • 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 in TURKMENISTAN
  • filing creditors claims
  • representing clients in creditors committee meetings
  • bankruptcy process monitoring
  • liquidators communication
  • regular reporting to client
  • assets recovery

DEBT COLLECTION IN TURKMENISTAN

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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