Many companies in Dubai are suffering from unpaid invoices issues. Debt recovery, which is referred to as the collection of unpaid debts and payments from the debtor is very difficult to handle. Hence, a professional lawyer from debt collection Dubai agency is mandatory while resolving a debt recovery Turkey case.
They have vast knowledge about the rules and regulations of Sharjah, Ajman, and Zeyd city and other states of UAE.
World-Wide collection of debt in the UAE
While doing trade with a different business partner you come across diverse policies of the business. Moreover, each corporate has different civilizations and commandments that those you are used to. Language is also another contest you face while working with them. Hence, all these factors make debt recovery UAE a difficult task for clients.
Alternate Dispute Resolution (ADR) in the UAE
Settling debts outside the court will save your money and time. Moreover, your standings and relations are also saved through this method. The Alternate Dispute Resolution (ADR) method is an instant technique for customers who do not want any disarray in the proceeding of their case. It is carried out in the following way:
- Initiate the negotiation by contacting your debtor and ask about payments. You can contact through email, Fax, and phone calls.
- Inform the debtor about the cut-off date for the due payments
- Give them timely notices by stating clear information about debts
- Collect all the details of your debtor
Handling through Magistrate’s court in UAE
It is carried out in the following ways:
- The final decision is made through UAE jurisdiction.
- Proper evidence is required by creditors against the debtor for claiming in court
- The claims need to in the official language of the UAE.
- But if the clients failed to follow the period, then initial judgments will be considered.
“No win no fee” strategy of UAE law firms
In case of not achieving desirable outcomes, debt collection agency in the UAE will not charge you. As their main objective is to provide cost-effective procedures to save money. This is according to their “No Win No Fee” strategy.
In the End
Debt collection lawyers are very technical and offer customized services to each client. They have the proper knowledge and approach to collect it on your behalf.
Therefore, hire a debt collection agency and conclude your case with mutual decision swiftly. If you have further questions, contact law firms in UAE we will guide you in the best possible manner.