ROSCO HELPED THE CLIENT TO RECOVER THE MONEY THROUGH JUDICIAL PROCEDURES

Our client, one of the international companies providing logistics services on the territory of Turkey, Russia and the CIS countries, having offices in five countries (Turkey, Bulgaria, Romania, Russia, and Kazakhstan) applied to RosCo to recover receivables from its counterparty.

The representative of the company told that despite the forwarding contract concluded between the parties and the transportation of goods carried out under the client’s order, the counterparty did not pay for the services in full, and the total amount of debt constituted 854,745 rubles.

RosCo lawyers have filed a claim and documents confirming the counterparty's debt, and the judge, in case No. А40-179798/20-39-1151, ruled to collect the full amount of the debt, and, despite the objections of the other party, collect the full amount of a penalty for late payment of the debt in the amount of 251 702, 99 rubles. The total benefit of the client was about 1 106 447, 99 rubles.

Comment from Elena Poturayeva, the lead lawyer of RosCo:

Receivables are natural in business since an ideal scheme (money equals goods or services) is not always possible. The participants agree on both the terms of advance and subsequent payments. The money is lent for the subsequent return with the interest accrued. However, when the obligation is not fulfilled, and the receivables become overdue, the companies shall promptly ensure its forced recovery, as its accrual may prevent further relations with other counterparties, and, in addition, the indebted company may leave the market, having accumulated debts.