B2B DEBT RECOVERY IN RUSSIA

CIS DRS is an international boutique law firm with the key focus on international alternative dispute resolution, debt restructuring, debt collection (debt recovery), and insolvence issues.

Having experienced more than a decade we assume that the most demanded sphere is a B2B debt recovery for creditors to whom contractual obligations have not been fulfilled. It means that our key clients are international legal entities worldwide having demand on recoveries in many countries particularly in Russia.

The advantages of the b2b debt recovery service are revealed in the disadvantages of the traditional debt collection methods through litigation.

It is important to point out that the system of law in Russia is characterized by a pronounced formalism and a legal purism. Thus, the resolution of commercial disputes in state institutions takes an extra time. Often, such procedures violate any reasonable time frame.

Moreover, when creditors try to solve the problem in this way, the main goal of the mentioned actions may be lost. This is due to bureaucratic procedures, the difficulty in finding the ultimate beneficiary of the debtor's company, as well as the lack of the development of legislation of the Russian Federation.

Creditors may also struggle in enforcement of decisions of state institutions/courts. Main reasons include the overload of bailiffs, a high level of legal nihilism, corruption etc. Hence, the restoration of the creditor in rights and the return of the debt in the way described above may take years.

In turn, the actions of debt recovery lawyers are completely opposite in terms of services. The main reason is that all our decisions, resources and methods are aimed at achieving an exceptional and excellent result for each client. According to this, we are able to solve any debt issue in the shortest possible time.

Our agency has proven year after year that alternative dispute resolution through negotiations in the sphere of the b2b debt recovery is a more efficient and less costly method of debt collection.

CIS DRS is usually chosen for b2b debt recovery for many reasons: excellent client service (we are always focused on achieving the best result our client); we know how to handle b2b debt recovery especially in Russia; we are experienced in teams of professionals globally and may support you locally in Russia.

Applying knowledge and practical experience CIS DRS lawyers help to recover debts in B2B. Our lawyers request a list of documents related to a commercial dispute, and also start an investigation concerning the debtor's company. They check all available resources in order to handle the case successfully. Mentioned actions are important in order to conduct successful negotiations with the debtor's management and obtain the payment for the creditor.