Syria Debt Collection – No Win No Fee
Creditreform operates a global specialist International debt collections service. We have local offices and fully approved expert international debt collection agency partners in every country worldwide. All our International debt collection agency partners and offices operate on a No Win No Fee basis charging an agreed commission against monies recovered only.
Main reasons why a local country debt recovery agency is so important rather than trying to recover from the UK are as follows:
The local International Debt collection Partners know:
- The local cultures
- The languages
- The laws
- Are in the same time zones
Herewith details of our debt collection service Syria
– Location of office in Syria
Our office is located in the center of the capital, Damascus.
– Number of staff
There are 4 lawyers in the office and six other advising lawyers for the office in Damascus. We also have an advising lawyer in every governorate under an agreement with such a lawyer for following up the matters of the office in all Syrian governorates.
– How long been operating in Syria
The office has been exercising the lawyer’s profession since 1968.
– What type of debts do you recover? Do you do commercial (B2B) and consumer (B2C) debts?
We recover both commercial debt collection (B2B) and consumer debt collection (B2C)
We are prepared to work for collecting the commercial debts whether they are cheques (checks) or drafts. The same is done if the collection process is for the consumers’ debts or for the follow-up of collecting debts in favor of banks including laying the reserve or executive seizure or for opening executive files.
– Statute of limitation in Syria
– How EU laws effect debt collection in Syria?
With respect to the laws issued by the European Union regarding collection of debts in Syria, under the current crisis in Syria the courts follow the policy of reciprocity.
– How many company registries in Syria for businesses? (i.e. UK just has 1 central registry)
In Syria there is a special department concerned with establishing and organizing the affairs of companies called the Department of Companies which is one of the departments of the Ministry of Home Trade and Consumer Protection. It is the only one department in Syria to which all the specialized law offices present here provide all services and follow up incorporation of the foreign and local companies and open branches for them in Syria.
General comments regarding process in Syria for debt collection and how differs from UK / other European countries:
Regarding the mode of collecting debts in Syria:
– What is the debt collection process in Syria?
The mode of collecting debts in Syria depends, first of all, upon the type of the debt required to be collected as well as upon the documents available with the creditor. The collection process starts with giving a notice through the Notary Public and then to file a judicial action. After issuing the decision, this decision will be placed with the enforcement department.
– Average length of time to collect?
The period of collection varies according to the type of the issue and the claimed debt as well as the place of filing the action, that is to say, we cannot fix a time-limit for collecting the debt as this would be completed merely upon sending the notice of the Notary Public or proceeding with the action until the issuance of a conclusive judgment by the Court of Cassation which is the last court for prosecution with. In this case, collection would take a period of time varying between four to five years.
– Can late payment fees / interest be added to claims?
With respect to the fees of the action of the late payment, these fees can be determined for each individual action because there is a difference in the value and type of the collection amounts, the place of collection and the period of collection. Here agreement shall be made for every action independent from other actions.
There are many unique requirements to recovering international debts in all countries including Syria debt collection services which differ from the UK and therefore it is very important that cases are handled directly by our expert international debt collection agencies and not from the Debt collectors UK. This method of international debt collection sets Creditreform aside from the competition who in many cases try and recover debts from a UK debt collector only. Using the local offices and partners enables us to achieve a far greater success rate and our No Win No Fee service together with competitive commission rates against monies recovered only ensures you get the best service.