Khiarallah Advocates & Legal Consultants
UAE Law & Legal Articles Blog

Adopt New Approach to Dept Recovery/Collection Issues

We at Khairallah Advocates & Legal Consultants advise all Companies to adopt a more pro-active strategy to deal with the scourge of late and non-paying clients. The continuing problems puts Company at risk of insolvency due to nonpaying clients. Most common excuses for late payments: challenging goods and/ or services, signatory is not available, non-payments from actual client, financial crunch etc. There is no doubt that all businesses need to become more pragmatic when it comes to the problem of late or non-paying clients. A right must be settled whenever its legal maturity conditions are satisfied. If the debtor is … Continue reading Adopt New Approach to Dept Recovery/Collection Issues