LITIGATION

Navigating the Legal Process for Debt Recovery

From Legal Review of Trade Documents to Obtaining Judgment for the Client

When peaceful debt recovery measures are not successful, litigation may become necessary. This process involves several stages:

Legal Review of Trade Documents: A thorough legal examination of all relevant trade documents is a critical first step in the litigation process to establish the legal standing of the debt.

Translation of the Documents: For international cases, all relevant documents may need to be translated into the language of the jurisdiction where the litigation is taking place.

Drafting a Power of Attorney: A Power of Attorney document is necessary to authorize your legal representative to act on your behalf in the legal proceedings.

Making a Strategy of Litigation: A well-thought-out litigation strategy is crucial to ensure that you approach the lawsuit in the most effective way.

Drafting and Filing the Lawsuit: Your legal representative will draft the lawsuit detailing the claim and submit it to the relevant court.

Application for Asset Seizure: In some cases, you might need to apply for an asset seizure to secure repayment of the debt if you win the case.

Participation in Court Hearings: Attending court hearings allows you to present your case and respond to the debtor's arguments.

Obtaining Judgment for the Client: If the court rules in your favor, the judgment will officially document the debtor's obligation to repay the debt.

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