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In the world of international commerce, late payments and unpaid invoices are a universal challenge. However, the process of recovering these debts can vary significantly from one country to another. For businesses with outstanding claims in France, understanding the legal landscape is not just a benefit—it’s a necessity.  At Sekundi, we specialize in navigating these complexities […]

Debt collection is essential but sometimes complex for companies, especially when operating internationally. Germany, an economically efficient country, has a number of specific features that you need to be aware of in order to deal properly with local debtors. Sekundi presents the main features of German debt collection, as well as effective strategies for dealing […]

For a business operating internationally, assessing the solvency of foreign clients is of crucial importance. While obtaining information about the solvency of domestic companies is relatively straightforward, it becomes more complex when dealing with foreign entities. It is essential to note the existence of “International Credit Reports,” documents that provide information about individuals or businesses […]

Aware of the consequences of payment delays on the financial stability of businesses, the European Commission is proposing a new regulation on payment delays. These new rules will only come into effect once the regulation is adopted by the European Parliament and the Council. Subsequently, they will be applicable one year after the entry into […]

Addressing foreign invoice reminders requires a distinct strategic approach compared to domestic unpaid bills. Avoiding the common mistake of handling international debts conventionally is crucial. Here are some best practices to implement. Reminders Abroad: Best Practices Establish a rigorous methodology for international reminders by creating a gradual schedule with precise intervals. To prevent harassment, follow […]

Before entering into any business relationship with a company, regardless of its industry, it is imperative to undertake preliminary work aimed at safeguarding your interests. This is all the more important when it comes to establishing relations with a foreign company. At present, recovering unpaid debts from companies in difficulty is already a complex internal […]

These guidelines have been prepared to provide an overview of how open/unpaid international claims in Autria against companies, but also private individuals/consumers, can be efficiently and effectively enforced. The following criteria must be generally observed Statute of limitations for claims in Austria The statute of limitations in Austria, which applies to all claims arising from […]

As an international debt collection agency, we are well aware of our clients’ challenges regarding unpaid debts abroad. We have often noticed that General Terms and Conditions of Sale (T&Cs) are too generic and not sufficiently adapted to the international context. These common errors lead to conflict situations where debt recovery becomes more complex than […]

To provide you with all the information and advice you need about collecting your invoices, we have asked our partners to produce a practical guide to debt collection in Switzerland. In Switzerland, debt collection is governed by the Federal Law on Debt Collection and Bankruptcy (SchKG). This law allows creditors to initiate debt collection proceedings, […]

We call shopping nomads buyers who shop in online shops and never thought of paying. They order again and again in the same shop until the company blocks the data and puts them on an internal so-called black list. Then they just go to the next online shop and keep ordering. These buyers aren’t only […]

GS has a specialized debt collection in Spain, both nationally and internationally. We have partners all over the world as member of the international SEKUNDI network to help you recover your debts. As in many European countries, debt collection in Spain consists of two distinct phases. An out-of-court phase known as amicable debt collection. A […]

In order to provide you with all the information and advice you need to collect your invoices, we have asked each of our partners to provide you with a guide to effective debt collection in their country. Today we look at debt collection in France for a creditor abroad (Europe or outside Europe). Advice on […]

As a first step, an official warning letter will send to the debtor. If there are no response from the debtor, in the first stage of the debt collection procedure in Croatia, the creditor commences the appropriate execution procedure by forwarding to the debtor the so-called Motion on the Execution Based on the Reliable Documents (reliable documents […]

Message from Spain, a successful international debt recovery file. As members of the international debt recovery network SEKUNDI, we received an assignment from our Belgian partner, who asked us to intervene in the out-of-court claim procedure that his client, a company located in Belgium and dedicated to the treatment of air and industrial gases, had […]

This guide has been designed to provide you with essential information and practical advice on the debt recovery process in Italy. Whether you are a business or an individual looking to recover debts, this guide will take you through the key stages of debt recovery in Italy, informing you about the relevant laws and regulations, […]

Sekundi’s network of international debt collector professionals solves this problem efficiently. Pappila Penkkala Group Oy is the only Finnish member of the organization. Debt recovery from a foreign country can be a frustrating experience. In Finland, our debt recovery service works by first sending a note of complaint. If this doesn’t work, a collection letter […]

MESSAGE FROM OUR PARTNER IN SPAIN (spanish and english) Debt claim request by a foreign client. As members of the SEKUNDI international debt recovery network, we receive commissioned by our French partner, who asked us to intervene in the extrajudicial claim procedure that your client, a company located in France, and dedicated to the manufacture […]

KPAG Kosmidis & Partners Law Firm approaches each case carefully and chooses the fastest and most cost-effective way to secure debt recovery. Our team starts the extrajudicial recovery proceedings by sending a written demand of payment to the debtor by First Class recorded delivery, followed by phone calls. In certain cases, the demand of payment […]

At first an important aspect for debt collection in Switzerland: unlike many other countries in Europe in Switzerland it is not allowed to put the debtor in account for the cost if the debt collection service providers. The have to be adopted completely by the creditor. Procedure of BURG Inkasso AG : Receiving a collection order […]

Read our comprehensive guide to debt collection in the UK to understand all the steps involved in international debt collection in the UK. Pre-action protocols explain the conduct and set out the steps the court would normally expect parties to take before commencing proceedings for particular types of civil claims. Objectives of pre-action conduct and […]

An international receivable is an unpaid invoice from a foreign debtor. This means you have to deal with laws and regulations that are different from those in your own country. How can you ensure fast, efficient collection of a foreign debt? Here are the answers from our network of collection experts around the world. Find […]

Debt collection as a separate industry is a new concept in Turkey.  Until the 1990s, it has been only the law firms who were involved in collections with the notion of administrative follow-up (idari takip) by hiring young people who are not lawyers but capable of negotiations. With the development of debt purchase industry in Turkey […]

MESSAGE FROM OUR PARTNER IN PORTUGAL (portuguese and english) As instituições financeiras e algumas empresas estão a começar a sentir uma necessidade de tornar os processos e operações de cobrança mais eficientes e eficazes, tornando – seclaramente uma prioridade. Anecessidade de modernizar as operações de cobrança permite aos credores uma oportunidade para desenvolver novas tecnologias […]

Written by: Sebastián Osman From: Araya & Co. Attorneys. Legal Safeguards for Fruit Exporters in the Face of the Pandemic From the point of view of fruit exporters, COVID-19 has created several internal logistics problems: fields working at half-speed, decrease in the available workforce, implementation of complicated sanitary protocols, setbacks within the supply chain, the […]

In the past 2 years it has been noted that especially the small and medium-sized enterprises have neglected their claims management framework, although they have been significantly affected by the impact of the COVID-19 pandemic and being financially sound is crucial for their smooth operation. Taking into account that if a creditor takes too long […]

Message from Holland Het aantal faillissementen is in de maand november flink gestegen. Het Centraal Bureau voor de Statistiek (CBS) meldt maandag dat vorige maand 166 faillissementen zijn uitgesproken, het grootste aantal per maand dit jaar.Het aantal faillissementen is nog wel een stuk kleiner dan voor de coronacrisis. De coronasteun van de overheid houdt bedrijven […]

Georges VONFELT, le Président-fondateur de GEVO RECOUVREMENT DE CREANCES, Eddy Combier le CEO de Score & Secure Payment et moi-même sommes très heureux de vous annoncer l’aboutissement de notre rapprochement. Grâce à l’intégration de Gevo Recouvrement au sein de notre organisation, Kreancia va pouvoir intégrer, dès le 1er février, le board de Sekundi international debt […]

The Dutch economy has recovered from the blow of the corona pandemic. In the third quarter, the economy grew 1.9 percent compared to the three months before, surpassing the pre-corona crisis level for the first time. This is evident from figures from the Central Bureau of Statistics (CBS) on Tuesday. The question is whether the […]

The corona pandemic has caused less economic damage in the Netherlands than in many other European countries. This was partly due to the relatively loose lockdowns and because the tourism sector in our country is small. That is what ING said on Thursday. The bank looked at the consequences of the corona crisis on the […]

Message from France What could be more annoying than a late payment? The work was done on time, the service rendered was of excellent quality, the goods delivered on time and in accordance with the order, and the customer does not meet his obligations. He confronts you with a new delay in payment. The larger […]

The Corporate Insolvency & Governance Act 2020 was announced on 23rd April 2020, and introduced by the UK Government on the 25th June 2020, having received Royal Assent. The Act was introduced for a number of reasons, companies could get longer periods of time granted by Companies House to file their Accounts, Confirmation Statements & Postpone AGM’s […]

Febr 17 news site NU.NL in Holland : “Experts expect a peak in the number of bankruptcies of Dutch companies in the fourth quarter of 2021. Until now, such a wave has failed to materialize, partly thanks to government support measures. This is stated in the Special Management Barometer of accountants firm PwC and Leiden University, […]

13 nov, monthly virtual meeting. Proud of our new members from Slovakia and Bahrein and the visit of Matias Araya en Sebastian Osman, Araya & Cia, laywers in Chili en Peru.

13 nov, monthly virtual meeting. Proud of our new members from Slovakioa and Bahrein and the visit of Matias Araya en Sebastian Osman, Araya & Cia, laywers in Chili en Peru.

Sekundi welcomes the new partner for debt collection in Slovakia and Czech Republic: Herman s.r.o. in Slovakia, https://sekundi.eu/sekundi-partner. Sekundi believes in a direct approach of the debtor in his own language by the Sekundi partner in his country. The membership of Herman s.r.o. brings this goal a lot closer. Hans Kuik.

In Holland starting today at 20.00 h an almost total lockdown will be effective. Bars and restauarants will be closed. Professional soccer with empty stadions. Amateur sports competetions cancelled. At home you are ony allowed three persons vistiting per day. Work as much as possible at home. Shops (exception food)  close at 20.00 h. after […]

Check out my new site; ready to receive your files.

Hans Kuik.

As you know we are preparing the annual partner meeting as a skypemeeting. Like a lot of things this is not normal as we know

Kingdom of Bahrein Dear Valued Client, We hope this email finds you well and in good health. Considering the global outbreak of Covid-19 and local measures applied by several countries, operations worldwide have been affected to some extent which is beyond control. However, we at NCS MENA have taken the necessary steps to activate our […]

Turkey Hello dear friends and colleagues,  Thank you for sharing the developments and the latest situation both at your company and country. It is indeed helpful to clear some questions in mind, and especially for all of us, who are operating ‘internationally’. Similarly, in Turkey most people are confined at home and working remotely in […]

Italy Dear Partner, During this difficult moment, Innolva is more than ever next to the whole business system. The emergency we are experiencing is undoubtedly complex and our company tries to guarantee deep and complete closeness to its customers. Unfortunately, the prolongation of the situation will cause inevitable impacts on the business and require the maximum […]

The Sekundi meeting 2020 is postponed

UK March 17 Morning Everyone, As of yesterday the whole of the United Kingdom has to work from homewhere possible. My Wife and I who run Debt Collect UK Limited are currently inself isolation following the Prime Minister, Boris Johnston’s instructionsyesterday. Our son attends a college not far from our house and they have had […]

Panic in France after asking evryone to stay home the french governement face a major panic because more or less every company has closed his doors asking the state to pay the wages of the employees; now the new message is go back to work and take all the measures to stay safe despite we […]

Hi Everyone, I hope you are all well and your families are safe. We as a business have taken the decision this week to stop chasing debtors until the lockdown is lifted in the UK. Our regulators the FCA and the Credit Services Association have advised us that it is unethical to chase businesses during […]

Neufassung der Verbraucherkreditrichtlinie – auch Inkasso ist betroffen Seit 2008 wird der Kreditmarkt innerhalb der Europäischen Union durch die „Richtlinie 2008/48/EG über Verbraucherkreditverträge “, auch Verbraucherkreditrichtlinie genannt, reglementiert. Zweck dieser Vorschrift ist es, einen einheitlichen EU-Rahmen der Verbraucherpolitik zu konstituieren. Insbesondere unter dem Aspekt, die Verbraucher in einem hohen Maße zu schützen, soll mit dieser […]

In Poland is a high awareness of issues connected to protecting and sharing of personal data. All offices and institutions are particularly sensitive on this kind of this issue. Many of the data, especially those relating to potential assets of a company or a natural person can be accessed only by authorized bodies. In cases […]

The cases involving less than or equal to 10,000 EURO debt are heard by the justice of the peace. Debts of EUR 10,000 or less come under the jurisdiction of the magistrate’s court of Diekirch, Esch-sur-Alzette or Luxembourg. There are two possible procedures in case of debt below 10000 EUR: conditional payment order (fast procedure) or […]

Unlike many other European countries, there is an obligation to register your place of residence in Austria (first residence as well as any other after a movement). Ignoring this duty commits an administrative offense possibly followed by a penalty. A further Austrian specialty is the existence of a central register of residency, in which all […]

Message from Norway (Norwegian and English) Seamless integration with all financial and accounting systems  You invoice yourself and information about new invoices / credit notes and payments goes back and forth seamlessly and automatically. We send a payment reminder / debt collection notice for you and follow up on debt collection those who are not […]

Starting January 2017 the European Regulation “EAPO” will be effective in all member states of the European Union (excepted England and Denmark). The EAPO facilitates cross-border debt recovery in civil and commercial matters and is a provisional measure through which the bank account of the debtor in another country than the creditor is seized.  The […]

In the past, it was sufficient that debt collection agencies and lawyers examined the legality of a claim. Now, they must provide detailed information with the first request for payment, irrelevant of whether they are pre-trial or enforceable claims. Therefore, with considerable extra effort creditors and collection companies have to list the following information: Affected by this […]

One common for everyone (companies and natural persons) legal interest rate expressed in percent and independent on other interest rates since 1st January 2016 in Poland are divided on those connected with business and not. Now for natural persons (debtors) not connected with any economic activity is one rate depends on Polish National Bank reference […]

Solvency Check: in France, there is a major change The publication of the balance sheet was mandatory, for not doing you faced criminal charges. From now on the companies with can make a demand to keep their balance sheet secret. Informations de solvabilité : En France les règles viennent de changer Alors que la publication des […]