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picture News September, 29 2020
Grant Thornton Baltic: Collecting debts during the crisis Grant Thornton Baltic: Collecting debts during the crisis
Businesses in various sectors do not have a positive outlook for their turnover forecasts due to the corona crisis. As a result, they may have an extra incentive to take the uncomfortable journey and start collecting bad debt.
 
It may often seem that the only effective way to satisfy claims is to take legal action, but before filing a statement of claim you should consider other and less costly options. During the course of civil proceedings, the court shall take all possible measures to resolve a matter or a part thereof by a compromise or in another manner by agreement of the parties if this is reasonable in the opinion of the court. In debt disputes, it is customary for the court to direct the parties first to a judicial compromise.
 


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