Foreign Clients called to our lawyers in contracts and stated that they have signed in the international sales contract with the partner in Vietnam. For some reasons, Vietnamese partner denied to pay the recent ships. Our Clients intend to find a famous and prestigious law firm in Vietnam in debt collection for international sales contracts.
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Dragon Law would like to introduce how to choose the best one by consideration about the way the collection companies do as follows:
Way to effectively recover debt:
- Learn carefully, evaluate debt recovery records
- Thoroughly examine debtors before proceeding with debt recovery
- To fully perform the obligations of creditors towards debtors in the signed documents
- Choose the right debt collector
- Select the method of debt recovery suitable for each stage
Documents to prepare for debt collection in international sales contract:
- Contracts or papers of equivalent value evidencing the right to reclaim debts: contract, bill of lading, invoice, certificate of origin ...
- Documents proving that the creditor has fulfilled other obligations before the right to reclaim the debt arises
- Written acknowledgment of debt between the two parties (if any)
- Letters and documents exchanged between creditors and debtors related to debts to be recovered.
EFFECTIVE DEBT COLLECTION METHODS:
1. Negotiation in Debt Recovery
By all means we should be collect the debt in this stage because if the parties negotiate and successfully negotiated, the parties will continue to maintain good relations, to avoid damage to health, psychological, spirit, help the parties to financial savings, time for other things.
2. Lawsuit and Denunciation in Debt Collection
Lawsuit: This measure is used when negotiating efforts failed. This measure will result in lost time, effort and finances of both creditors and debt collector, therefore it should be carefully considered.
Denunciation: For the method to denounce, this as an extremely effective method is the double-edged sword for the use of this method because if the accusations are correct, the debtors will be dealt the criminal liability that will pay for our debts.
For more detail, clients can easy contact directly to our best lawyer in Vietnam in debt collection for sales contract via the below information:
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Dragon Law Firm - Hotline: 1900.599.979
Email: dragonlawfirm@gmail.com
Website: www.dragonlaw.vn
Facebook: https://www.facebook.com/hanoilawfirm/
HQ: FL14.6, VIMECO Bldg, Lot E9, Pham Hung Str., Trung Hoa Ward, Cau Giay Dist., Hanoi
Office: FL4.6, Khanh Hoi Bldg, Lot 2/3C, Le Hong Phong Str., Ngo Quyen Dist., Hai Phong
