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Absolutely nothing. Throughout the entire process, there are no costs for the client other than the pre-agreed meagre deposit amount. The formal Engagement Letter would clearly state how Litwins will bear the cost and how the final recovered amount will be shared between the client and Litwins.

We review your receivables on a case-by-case basis and only take up those cases which can stand the scrutiny of a legal trial. Based on this, our legal team would represent / defend your case in the court.

While we may not be in a position to guarantee the outcome, we guarantee best efforts of our litigation team to ensure that you have fairly good chances of obtaining a favourable judgement.

 

Once we get a judgement, the recovery process commences through execution proceedings or a negotiated settlement. The successful outcome of the recovery process depends on availability of assets and we ensure identification of such assets by rendering professional assistance to our clients in effectively tracing the assets of the judgement debtors.

 

Power of Attorney to the associate lawyers of Litwins is a must in order to enable them to ensure representation of the client before the competent court, third parties, banks, counter-parties, etc.

We would recommend a draft Power of Attorney and would explain the clauses involved. Only after you are comfortable with the language and the intent of the content of the Power of Attorney, we would execute it for implementation.

 
  • for commercial debts, the limitation period is 10 years;
  • for civil debts, the limitation period is 15 years;
  • for employment related issues, the limitation period is 10 years;
  • and so on, depending on the nature of the Receivable.

Litwins offers Receivables Management Service in the UAE, both through Legal & Financial solutions. We are a customer-centric, forward-looking organization offering innovative solutions to Managing Receivables.

Our highly motivated team with a combined professional experience of over 200 years ensures that our clients get a quality service through Legal and Financial Solutions. Our aim is to provide excellent services with integrity, innovation and a commitment to exceeding your expectations while fostering a long-term relationship with you.

We are your partners in Managing Receivables and we share your risks in the Receivables Management process. We bear all the costs of the entire process. In your success, lies our success.

Our experienced team provides a personalized service to you in your effort to manage your working capital.

Our services go beyond a mere Debt Recovery or Litigation service. We provide comprehensive legal and financial services to effectively manage your working capital, including financial restructuring, bank debt restructuring, mezzanine financing, etc.

We are thus your one-stop-solution for Working Capital Management.

 

Upon collection and scrutiny of all available documents from the client, the process begins by initiating a dialogue with the counter-party through formal means, which includes a legal notice. If attempts for an amicable settlement do not yield positive results, legal proceedings are initiated through our associate advocates and Litwins provides effective litigation management service.

Interim preventive orders of attachment and travel ban are always sought, wherever possible. Complete litigation funding is arranged to meet the entire costs of the litigation so that our clients are not required to spend good money after bad money. Litwins ensures timely issuance and enforcement of a judgement to recover the Receivables.

 

Other than a meagre amount to be deposited by the client, only to ensure commitment, there are no additional costs to the client throughout the entire process.

The good news is we bear any and all costs up to the conclusion of the entire process for you as part of our commitment to partnership and sharing of the risks with you.

 

Winning the case depends on the quality of evidence available to establish the receivable. But recovering the judged amount totally depends on the quality as well as quantity of the assets available with the judgement debtor.

In a process where Litwins is engaged by the client, Litwins would have borne all the legal, professional and litigation costs on the client’s behalf, and therefore even in the unfortunate event of no possible recovery, the client would not have incurred additional losses in meeting the costs of the process.

 

All type of receivables whether it be contractual, tortuous, value of the goods sold, remuneration for services rendered, rights in a contract, compensation claims, etc. can be managed.

 

Complete files & documents relating to a Receivable. Litwins would require all documents pertaining to the Receivable in order to successfully establish the background and veracity of the case to enable us to obtain a favourable judgement. For example, in a trade related receivable the required documents would include the purchase order, invoices and delivery note. Naturally, Litwins would also require copies of the commercial licenses of both the parties and proof of authority of the authorized person representing the client.

 

FAQ

Are there any hidden costs?

Absolutely nothing. Throughout the entire process, there are no costs for the client other than the pre-agreed meagre deposit amount. The formal Engagement Letter would clearly state how Litwins will bear the cost and how the final recovered amount will be shared between the client and Litwins.