Blog
Payment Delays: Strategies to Adopt for International Transactions
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 […]
Preventing unpaid debts from failing foreign companies
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 […]
Guidelines for debt collection / debt recovery in Austria
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 […]
5 Tips for Drafting International Terms and Conditions of Sale
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 […]
Guide to debt collection in Switzerland
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, […]
Do you know the shopping nomads?
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 […]
Main stages of a debt collection claim in Spain
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 […]
Guidelines for international debt collection in France
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 […]
Execution procedure in Croatia for debt collection (EN/FR/DE/NL)
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 […]
A case of international debt recovery avoiding the severance of trade relations
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 […]