DEBT COLLECTION IN ESTONIA

Estonia being a full member of the European Union belongs to the list of countries with a developed economy. According to statistics, the country is in the top 40 countries with the highest GDP per capita. Wherein more than 70% of the GDP share belongs to the services.

Positive indicators of economic development create proper conditions for business development. This thereby leads to a large number of commercial transactions and the occurrence of disputes, unpaid invoices, receivables and as a result bad debts between the parties.

However, a favorable mercantile and investment environment has a positive effect on the solvency of debtors. Estonian companies have access to a bank loan at a low rate per annum. Thus, in case of negotiations on B2B debt recovery our lawyers often include such options for debtors to fix their cash flow.

The core practice of our lawyers in Estonia is conducting pre-trial debt collection negotiations. They handle projects of varying complexity, ranging from small fines for speed violations to large trade disputes between foreign suppliers and local debtors.

CIS DRS will help to handle the debt portfolio of its corporate clients. You only need to provide a file with debt details and our account managers will do everything then. The data is uploaded to the CRM system, where it is processed to send letters, emails, and messages automatically. Even if the number of cases is more than 1000, it is not an issue for us to process them efficiently. At the same time, we take care of the safety of your data and strictly follow the highest standards of data protection.

If a debtor goes into bankruptcy, our lawyers deal with insolvency procedures and prepare documents for registering a creditor's claims. If necessary, our team is ready to take legal actions against the debtor, recognize a court judgment or an arbitral award.

First of all, we have more than a decade of experience in debt collection worldwide and we thoroughly understand this region as well. Being present in Estonia our lawyers can easily visit a debtor's company, hold a live meeting, or inspect financial documents. Since the territory of Estonia is small, they need a maximum of several hours to get to any city and reach the debtor's location.

We work with the "no win - no fee" principle in negotiations. You pay for our services only upon return of money. You do not pay for the quantity of letters printed or hours of negotiations. You pay only for the fair result after money is credited to your accounts.

That is why we are not wasting your time. Lawyers are interested in starting work on the very first day and making the debtor pay as soon as possible. Should you have a debtor in Estonia please contact us and see our performance.