Debt Collection in the Czech Republic
Do you have one or more non-paying business partners in the Czech Republic? For successful recovery of your invoices in the Czech Republic extensive knowledge of the culture, language and legal system is essential.
Content on this page:
In case your company is doing business in the Czech Republic, you probably have noticed some differences between the Czech business culture and your own business culture. As regulations in the Czech Republic are also very different from those in other countries, you are at a disadvantage as international creditor. Our lawyers have extensive knowledge of the regulations, language and business culture of the Czech Republic. Therefore, we are able to achieve justice for the international creditor in the Czech Republic.
Does your Czech business partner remain ignorant to his duty to pay? In the Czech Republic, it’s important to be able to prove your claim. It’s, therefore, advisable to put your agreements in writing. The following documents are important for your dispute with you Czech business partner:
- Signed agreements;
- General conditions;
- Order confirmations;
- Copies of invoices;
- Proof of delivery or services;
- Correspondence with the debtor.
If possible, it’s advisable to record agreements and conditions in English and/or the native language of each party.
Contacting your debtor to enquire why payments have not been made is advisable when your relation with your Czech business partner is good. If it turns out that your Czech debtor does not want to pay, you immediately need to send a reminder, stating a clear description of the invoice and indicating a clear term of payment of usually 14 days.
If your debtor does not respond to your reminder, handing over your claim for collection is important. We are able to collect most claims in the Czech Republic extrajudicially, in the form of a payment arrangement or otherwise.
When you hand your claim over for collection, we immediately take action. Both in writing and on the telephone we will demand that your Croatian debtor pays the invoices. If necessary, we will also engage in a face to face conversation with the Croatian company. If the Croatian debtor does not pay within the stated term, then, in consultation with you, we will commence with legal proceedings. In most cases, Croatian debtors are likely to settle when they face court actions.
In case we do not collect, then your company does not have to pay us a legal fee. In our view, you should always be able to opt for the quality of a Debt Recovery Lawyer. If the debtor does not pay, we will merely charge you our administrative fee of €150.00.
Would you like more information about collections or bringing legal action in the Czech Republic? Fill out the contact form or call us: +44 (0)20 3808 5878.
Click here to upload your claim to us.