In the initial phase of proceedings we put stress on the Amicable Debt Collection. It is an important stage, during which we focus on recovering the receivables by negotiation with the debtor. Litigation means additional costs and time. Our aim is an immediate payment by the debtor or obtaining a repayment schedule. Often we are able to sign a settlement, in which interests are written off.
If the debt collection is unsuccessful, we propose litigation.
Legal actions, which concern debtors in Europe, are conducted by our Partner Law Firms. We prefer obtaining payment orders in the country of a debtor - enforcement of such orders is faster and more efficient.
Austria – 3 years
Belgium – 10 years
Bulgaria – 10 years
Croatia- 3 years
Cyprus – 3 years
Czech Republic – 4 years
Denmark – 3 years
Estonia – 3 years, court’s decision - 30 years
Finland – 2 years, amicable settlement – 5 years, court’s decision – 5 years
France – 5 years
Greece – 5 years
Spain – 15 years
The Netherlands – sales contract - 10 years, business activity – 5 years
Irlandia – 6 years
Lithuania – business activity - 10 years, court’s decision – 10 years
Latvia – 10 years
Germany – 10 years
Poland – business activity - 3 years, court’s decision – 10 years
Portugal – 20 years
Romania – 3 years
Slovakia – 3 years
Slovenia – 3 years
Sweden – 10 years
United Kingdom – 6 years
Italy – 10 years
Hungary – 5 years