CIS DRS

DEBT COLLECTION IN LUXEMBOURG

B2B Debt recovery & Debt collection in LUXEMBOURG
We recover your bad debts for the success fee.

Management of the debt portfolio in Luxembourg

B2B debt collection in Luxembourg has a number of features like in any other European country. First of all, this country differs from others in a strictly regulated procedure for carrying out actions to collect debts. In addition, a law practice allows particularly evasive debtors to resort to legal action to delay the payment.

However, Luxembourg is one of the main financial and credit centers in Europe. In addition, there is a large number of headquarters of the largest European corporations in the country. These factors make debt portfolio management in Luxembourg beneficial for law companies with expertise and solid experience.

Services that CIS DRS provides in regard to the debt collection

Our agency provides a full range of debt collection services in Luxembourg. We are experts in debt portfolio management and are able to handle a large portfolio of cases. Our team of lawyers always conduct negotiations directly with the owners of the debtor's company and always demand the repayment of the whole outstanding amount as soon as possible.

You may also order site-visits to the debtor's premises in each case to check the presence of the company and to obtain additional information that could be helpful in our collection efforts. Also, we have access to the informational resources about legal entities and export-import databases, which gives an additional advantage in negotiations with the debtor's owners.

Why do companies entrust debt portfolio management to CIS DRS?

There are many reasons why creditors do not engage in debt collection on their own, but entrust the debt portfolio to the professional lawyers and teams of CIS DRS specializing in recovery of money worldwide. Of course, knowledge of the local laws and the language of the debtor are the main reasons. However, there are a number of other details that creditors take into account when deciding to entrust the portfolio to our team.

Firstly, because of the knowledge of the features of the economy and political situation of the country in which the debtor is located. Secondly, due to a deep understanding of the cultural and social characteristics of the location of the debtor. Thirdly, due to more than 10 years of experience in daily negotiations, hundreds of arguments and tactics to persuade debtors and an automated system that allows lawyers to be as effective as possible with every action.

Advice on what to do if your debtor is from Luxembourg

First of all, we advise you to study in detail and remember all the details regarding the commercial transaction and trade documents. In addition, it is very important to study the debtor's company: legal status, board of founders, statutory capital, affiliated companies and counterparties of the company. Be sure to consider your tactic and write a list of possible negotiation arguments.

However, our main recommendation on how to convince the debtor to fulfill their obligations is to fill out the feedback form on our website and entrust the debt collection to the CIS DRS team. Our lawyers will analyze the basic information about the debtor, study trade documents and provide you with our proposal for cooperation.
AT A GLANCE
Serving Clients in LUXEMBOURG 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 RECOVERY IN LUXEMBOURG
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 EUROPE:

TEL: +44-203-582-1943
EMAIL: europe@cisdrs.com

1 ROPEMAKER STR, LONDON,
EC2Y 9HT, UNITED KINGDOM

We work Monday to Friday, 9 AM - 6 PM (GMT)
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