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International Debt Recovery: Over £4,000 Collected From Chinese Debtor

Our client is a major company which deals in shares. They had a debt in China for just over £4,000 which they instructed Lovetts' overseas prelegal department to recover on a no collection, no fee basis.

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Can I Claim Late Payment Interest From An International Debtor?

 

A UK creditor can usually claim Late Payment Interest and Compensation from a debtor outside the UK, provided one of the following applies:

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Lovetts Sees Five Fold Increase in International Debt Recovery Cases

Firms looking to grow in markets outside of the UK are being urged to take precautionary measures to reduce their risk of late payment and debt before agreeing to export goods overseas. The warning comes from Lovetts Plc, the commercial debt recovery legal firm which specialises in overseas debt recovery.

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Invoice? What Invoice?

Lame Excuses for Late Payment revealed by Lovetts

The invoice has been lost', 'the cheque's in the post', 'accounts payable are out to lunch', are some of the most common late payment excuses used to fob off businesseschasing payment for services, as revealed by Lovetts, the commercial debt recovery lawyers.

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€474,768.06 Paid To Steel Company Upon Receipt Of Lovetts Letter Before Action!

The Challenge

Lovetts' client, a steel company based in Cheshire instructed Lovetts on 8th August to send a Letter before Action to a debtor who owed €474,768.06. The letter gave the debtor 7 days to make payment directly to our client and warned if payment was not received,legal proceedings may be taken.
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Contract Laws In Middle East Present Payment Challenge To UK Businesses

Lovetts Plc, the commercial debt recovery law firm has seen a marked increase in businesses seeking its help to recover debts from the Middle East.

Middle Eastern debtors operate on the basis that if there is no signed contract then invoices will be rejected for payment.

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Payments Collected On 3 Year Old French Debt

Our Client, a corporate pension plan provider in the UK had a debt in France for just over £2,000.00 in which they instructed Lovetts overseas prelegal department to recover the debt on a no collection, no fee basis.

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Lovetts Invest In Collections Expertise

Debra King appointed Paralegal focused on boosting collection rate www.lovetts.co.uk

Debt recovery law firm, Lovetts, has expanded its Overseas Pre Legal Department with the appointment of Debra King as Paralegal. Bringing 15 years commercial debt recovery experience, Debra will focus on Lovetts’ services in overseas collections where her skills will be applied to enhance collection rates for clients.

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Cost-Free Debt Recovery Through Lovetts' CaseManager

Lovetts enhances CaseManager to make cost recoveries part of Claims www.lovetts.co.uk

Lovetts PLC, the law firm specialising in commercial debt recovery, is making it easier for businesses to take advantage of new regulations introduced this year to recover reasonable costs in pursuit of a claim.  The firm has enhanced CaseManager, its innovative online client portal, to allow reasonable costs to be added to Claims as an automatic part of the process – effectively making Claims cost free.

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Glossary - The Credit Manager's Dictionary For Legal Terms

To find an entry press Ctrl + F, enter the term and click the Find Now or Next button.

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Adopting English Law for International Trade

If you trade internationally, there are many factors to consider, alongside the usual issues when you are trading with other businesses in the UK. One of the main areas that Lovetts advise their clients to consider is whether English law should govern the contract and should you give the English courts jurisdiction?

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Claiming Late Payment Interest and Compensation from non-UK debtors

 

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