CIS DRS

DEBT COLLECTION IN UAE

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

CIS DRS activity in UAE

Nowadays the UAE has one of the most stable and rapidly growing economies in the Middle East. And it is not surprising, due to the profitable taxes, sea ports, good geographical location and mineral resources, this region has been quickly transformed to one of the worldwide centers of commerce. Thus, many international companies use this region for its own trading goals and every day thousands of shipments go through the local storages. However, not all commercial relations are fair, and many companies suffer from dishonest counterparties. Huge amount of enterprises refuse to make payment for the goods and take debts. In order to help affected companies, CIS DRS has been providing its services in this region for a while. At that period of time, we have helped hundreds of our clients to recover the debts from their counterparties from all emirates such as Ajman, Abu Dhabi, Dubai, Fujairah, Ras al Khaimah, Sharjah and Umm al Quwain.

The advantages we may propose to our clients in the UAE

For the last time, we have built a team of experienced and professional lawyers, who are experts in debt collection in the UAE region and who successfully solved hundreds of projects in practice. During this time, we have developed our own principles of working with the projects which are aimed at a fast recovery of the debt for our clients and maintaining good relations between counterparties for future trading.

Before we start negotiations with debtor's companies, we conduct extremely careful informational research about them. We always check the current status and trading activity of the company as well as we know all information about their shipments and total goods turnover. During our preparation, we identify all beneficiaries and persons related to the debtor's companies.

In order to secure the fast repayment to our clients, we conduct regular negotiations with the debtor's leaderships, except phone calls and correspondence, we organise offline and online meetings. We are always able to find a personal approach to the topmanagments of the debtor's company and find mutual benefit resolution. Additionally, we are constantly keeping our clients informed about the current status of the case and providing them with the detailed analysis. As a rule, in the majority of cases we achieve successful results without court litigations with alternative dispute resolutions. However, in some cases in order to secure the best result for our clients we claim files to the Abu Dhabi Commercial Conciliation and Arbitration Centre and to the Dubai International Arbitration Centre.

Excellent service for our clients

Nowadays, we have helped a lot of companies, which are involved in B2B relations in the UAE, to get their money back. Our agency has deserved a high level of credit from them for excellent client service and fast returning of money. As one of our key principles is mutual benefits, we have assisted our clients to keep good mercantile relations with their partners.

You may be sure that we will help you to return your money, and you will face no obstacles conducting and improving your business in the UAE. Please assign your request via the form below.
AT A GLANCE
Serving Clients in UAE 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 UAE

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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