Interlegal saved 85,000 USD for the Client
6 September, 2021
0
Switzerland is famous for its ski resorts, reputable banks and precise watches. However, we hardly know that in Switzerland there is also a simplified (extrajudicial) debt recovery procedure: the creditor shall apply to a special body – Debt Recovery Office, which shall issue a payment order followed by sending to the debtor. If the debt is not repaid within the period specified in payment order, enforcement proceedings shall commence with all that implies, i.e. seizure of bank accounts, real estate and appropriate withdrawal of funds.
A large trading company specialized in agricultural products received such payment order. Since payment order related to the contract whereunder payment was made in full, the Client applied to Interlegal for legal assistance.
With regards to shortened terms of the debt recovery procedure, Interlegal lawyers promptly got involved in operation and filed to the court justified objections against debt recognition. Following case consideration, the Swiss court made a decision in favor of our Client, while debt recovery proceedings were closed. Due to Interlegal prompt professional assistance, the Client could save over 85,000 USD.
Interlegal lawyer Ganna Liakhova, managed by partner Alexey Remeslo, led the project.
