How can I resolve my commercial dispute without going to court?

Commercial disputes can prove costly for all types of businesses. Whether you operate as a sole trader, an SME or as a multinational corporation, resolving disputes quickly is key to maintaining good cashflow and the ongoing success of the business. Whilst disputes can arise over any type of business transaction, issues relating to goods or services supplied commonly arise when you start chasing your client or customer for outstanding payments.

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The Debt Recovery Problems Faced By Recruitment Agencies

Recruitment agencies can suffer from the actions of those clients who try to avoid paying their invoices on-time or at all. Here are four factors you may experience. 

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3 Reasons To Outsource Your Debt Recovery Needs

Collecting payment from clients can become problematic, even for the most financially wise companies. A client could simply refuse to pay, or they might take an unfair advantage of the friendly relationship you have built with them. Either way, it can be difficult to force the payment with a fear of ruining your relationship or losing their custom. However, outsourcing your debt recovery can be a solution.

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Why Draft-Winding Up Petitions Work So Well

Usually when a company owes a debt, their creditor can file court proceedings against them in the hope that they will pay – and use a method of enforcement to recover the money if not. However some circumstances, such as a debtor refusing to engage, make this method of debt recovery an unsuitable option. This is where strong action is needed: A Draft Winding Up Petition (WUP)

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BREXIT and Business Debt Collection and Recovery

On March 29, 2017, Prime Minister Theresa May invoked Article 50 (Treaty of Lisbon) to begin the UK's formal process of exiting the European Union. To date, the UK will be the first EU country to secede from the European Union. Under the treaty, any country may leave the European Union, but the exit negotiation process may take up to two years.

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The Go-To Guide For Collecting Debts in the United Arab Emirates

In 2016, the UAE oil crisis led to job cuts and a slump in the tourism industry. Significantly, the Persian Gulf nation has seen its consumer bad debts rise, a situation that has fueled the recent increased scrutiny on debt recovery agencies. To mitigate the financial crisis, the UAE credit bureau instituted new credit policies to limit delinquencies in the small and medium enterprise sectors. In this guide, we will address the intricacies of debt collection in the United Arab Emirates.

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6 Questions To Ask When A Customer Says They Didn't Receive An Invoice

As a credit controller in your company, you probably have more than enough tales to tell about debt recovery. Even so, you may finally run into situations that you haven't before. If you're still fairly new to your job, one scenario you may encounter involves a customer giving an excuse for not paying their invoice on time.

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Dispute Resolution Allows Clients To Save Money and Preserve Trading Relationship.

The Challenge

Simple disputes relating to a debt can quickly escalate to bigger problems and damaged relationships. In a recent case, our client had a long standing dispute in respect of goods it had received from the other side.
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4 Tips For Hiring A Debt Recovery Firm

It happens in every business and in every industry - debt recovery. Clients and customers pay invoices late and even former employees might fail to pay back overpayments to them. You’ve called. You’ve emailed. You’ve sent letters through the post. Nothing works. It’s at this point that businesses should begin considering turning to a debt collection firm.

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How Hard is it for UK Businesses to Collect Debts in the USA?

The level of trade between exporting nations and the United States is continuously increasing. Now, the United States is buying nearly one-and-a-half times as much from other countries as it is selling to them (exports at $1.6 billion, imports at 2.2 billion. However, indebtedness to UK creditors is among the lowest ratios imports/exports is only .98).

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