The payment culture in Germany is relatively high as many studies show. Nevertheless, we have noticed that currently more and more countries are beginning to struggle with the collection of late payments. This issue is crucial especially in business to business relationships.
B2B debt recovery may be seen as an uneasy task to do at glance. For German companies there are 2 ways of how to recover the payments: by enlisting corporate debt collection services for amicable settlement, or by a court proceeding. The majority of German companies prefer the 1st option in practice. Collecting debt
from business requires time, expertise and experience, which some companies lack. The court settlement in Germany is regulated under Civil Law and may take more time and resources than amicable settlement. Our lawyers in CIS DRS can offer you more details on the matter and advise you.