Presence and operations in Kazakhstan for over 10 years with a staff of 2 collaborators in Astana
14 different administrative areas with respective commercial courts
Possibility of requesting an order of payment without hearing the debtor and with no formal procedure
High out-of-court success rate (63%)
ENTRUST YOUR OUTSTANDING RECEIVABLES IN KAZAKHSTAN TO INVENIUM
Kazakhstan is a civil law country whose laws are based on the Constitution which is the supreme source of law. The judicial territory is divided into 14 administrative areas known as Oblast Courts and in each Oblast there is an interdistrict Business Court with expertise in commercial matters.
Creditors may request credit collection without hearing the debtor and without a formal hearing. To obtain a court order, a form is compiled asking the court to issue an order of payment.
This order has the validity of an enforcement document and can be enforced in the same way as a court ruling. The court sends a copy to the debtor demanding payment within 10 days.
In the event of a dispute, the court cancels the order of payment; in the absence of a dispute the court will issue the enforcement order.
For initiating legal proceedings, the creditor must file a statement of claim with the court of jurisdiction. The Court has 5 days to decide whether to accept the request and initiate the procedure.
From the late 90s Invenium is one of the largest organizations specialized in the management and collection of receivables, both in Italy and worldwide. Invenium has developed a network of 117 legal partners in 105 countries.
Years of experience
Clients around Europe
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