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.
What type of services do we provide in Estonia?
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.
Why do CIS DRS lawyers collect effectively in Estonia?
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.
AT A GLANCE
Serving Clients in ESTONIA for more than two decades
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
portfolio analysis
control of payment terms
timely reminders
soft communication with clients
advisory regarding billing cycles
reminders via emails
receivables control
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
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
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
filing creditors claims
representing clients in creditors committee meetings
bankruptcy process monitoring
liquidators communication
regular reporting to client
assets recovery
DEBT RECOVERY IN ESTONIA
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
Get Proposal
Forward for Client's Approval
Collect Payment to Client
CLOSE the File
Whether Debtor Responds Positively (if yes)
3.2
Send In-house Demand Notice
Whether Disputes (if yes)
Get Proposal from Debtor
Forward for Client's Approval
Collect Payment to Client (if approved)
Suggest Court Case If Worth (if no)
CLOSE
Whether Responds Negatively (if no)
3.3
Convince for Amicable Settlement
Get Proposal
Forward for Client's Approval
Collect Payment to Client (if approved)
CLOSE
Whether Disputes (if no)
4
You always receive reports regarding our efforts in time
Current Status of Each Case
Collection Efforts Our Lawyers Have Already Done
What Should Be Done Further
Expected Outcome Or Suggestion
REPORTING
NEED TO COLLECT YOUR DEBT? WE CAN HELP YOU!
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