The Strategic Approach to Debt Collection Dubai
- July 25, 2020
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Debt recovery, which is referred to as the collection of unpaid debts and payments from the debtor requires time and effort. Hence, lawyers are mandatory for recovering debt otherwise it will be a difficult task.
Debt recovery Dubai is considered to be the most difficult task. This is because it is time taking and requires a huge sum of money. Every other company in the UAE is facing issues for unpaid debt and invoices.
“No Win No Fee” Plan
If we are unable to collect your due invoices or you have cancelled the further proceedings of the case due to any reason then we will not charge you our service fee. This is according to the “No Win No Fee” rule.
2 notable strategies for recovering debt
Debt recovery lawyers in UAE offers two significant strategies of collection debts namely:
- Proceeding through Alternate Dispute Resolution (ADR)
Firstly, we offer our clients to resolve through an amicable settlement which is recommended most of the agencies in UAE. Mediation, negotiation, and arbitration are three useful ways of conducting ADR. You do not need any juridical party and court for resolving your case.
All you have to do is to hire a debt recovery Dubai lawyer and conclude your case with mutual decision rapidly. However, in certain cases, solution through ADR seems a difficult possibility. If your debtors did not take you seriously even after amicable settlement then go for judicial debt collection procedures.
- Proceeding through Court of law
A judicial proceeding is considered to be time taking in some case but it is a cost-effective methodology. All you need to do is file a case in court and let the judges make decisions. The verdict of the judge is considered to be the final one.
Dubai debt Recovery usually prefers Alternate Dispute Resolution (ADR) as this is more convenient for our clients and provides solutions on mutually agreed terms. However, they can also take your case towards court on serious issues.
For further queries, regarding methodologies of proceeding case, contact debt recovery Dubai legal representative.