Debt Recovery from Counterparties Across Kazakhstan | GK and Partners

DEBT RECOVERY

DEBT RECOVERY

We help recover debts under supply, service and contracting agreements, from a claim to enforcement of the court decision.

We choose the fastest route. If the debt is confirmed by signed documents, recovery by a notarial writ is possible; otherwise we file a claim in court.

We take into account contractual penalty terms, limitation periods and the prospects of enforcement, so that the result is money in the account and not only a court decision.

To reduce the risk of non-payment in the future, we draft contracts with payment and penalty terms under the service “Contract Development” before the cooperation begins.

WHEN DEBT RECOVERY IS NEEDED

HOW DO WE ACHIEVE RESULTS?

Document analysis

We study the contract, acts, correspondence and deadlines, determine the amount of the debt and penalty and check the limitation period.

Claim

We prepare a pre-trial claim with a calculation of the principal debt and penalty and set a deadline for payment.

Choice of recovery method

If the debt is confirmed in writing, we propose a notarial writ. If not, we prepare a claim and measures to secure it.

Court

We represent your interests in the courts of first and appeal instance.

Enforcement

We support enforcement proceedings until the debt is repaid.

Cost

The cost is determined individually. It depends on the amount of the debt, the number of debtors and the chosen method of recovery. We will name it after studying the documents.

Practice examples

Recovery of a debt under service contracts

Situation. A company provided services for maintaining electricity metering systems to four customers. Payment for the quarter was not received, the delay exceeded three months, and the debtors did not reply to the letter about the debt.

Task. To recover the debt and penalty by the fastest route.

Result. We prepared pre-trial claims with a calculation of the penalty under the contracts and determined the recovery procedure. The debt was recovered.

Recovery of a debt under state contracts

Situation. A supplier delivered equipment to a state enterprise, but the customer paid only part of the price and did not follow the debt repayment schedule.

Task. To recover the principal debt, penalty and court costs.

Result. The court of first instance recovered the debt with penalty and costs, and the appeal court left the decision unchanged. Подробнее о деле.

Questions and answers

Through the court in the general procedure it takes about six months. If there is written confirmation of the debt, for example signed reconciliation acts or a letter from the debtor, recovery by a notarial writ is possible in about a month.

With an analysis of the contract and acts and a pre-trial claim with a penalty calculation. This is often enough for the debtor to start paying.

Yes, if it is provided for by the contract. We calculate it taking contractual limits into account and include it in the claim and the lawsuit.

Yes. We have experience of recovering debts under state contracts in two court instances.

Is your counterparty not paying? We will help you recover the debt

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