Cashflow issues caused by bad debt and delayed payment? Endless messages of false hope?
… sounds familiar?
We can help with our vast experience in such matters:
We assisted one client Shopping Mall client who had numerous aged debts totalling a value of AED 10.5 Million, through our process we managed to successfully recover AED 8 Million and put in place a new process to reduce their risk in the future.
Many of our commercial clients have numerous debts that required a special bespoke approach, where there were cultural sensitivities involved and court action or aggressive tactics employed by other lawyers/debt collection agencies had to be avoided at all costs. We always work closely with our clients to approve a plan of approach which will result in the desired outcome. Through our professional approach we were able to collect an old AED 3 Million bad debt (that was over-due for more than 2 years) in full whilst maintaining the previous good relationships of both parties which was paramount.