Presence and operations in Russia for over 13 years with a staff of 2 collaborators in Moscow and St. Petersburg
Legal proceedings only in the case of very large amounts. Complex and costly procedure
Arbitrazh Courts: body with jurisdiction for disputes with foreign companies
Local legal support also for translation of all documents
ENTRUST YOUR OUTSTANDING RECEIVABLES IN RUSSIA TO INVENIUM
As regards credit collection in Russia, an out-of-court attempt is almost always advisable via a local lawyer, also based on the fact that the Russian legal system does not envisage any kind of measure similar to the order for payment provided for in Italian law.
A lawsuit in Russia must be considered very carefully and should be undertaken only for significant amounts in consideration of the complexity, high cost and the fact that the Russian Federation excludes the validity of litigation funding.
In the event of disputes, jurisdiction lies with the Arbitrazh Courts. The procedure envisages filing a statement of claim including all documents submitted in original or certified copies translated into Russian and certified by a notary public.
Legal proceedings consist of a preliminary investigation phase and a trial phase. The procedure ends with the issue of a ruling which becomes enforceable after 30 days of being handed down.
The law grants the debtor seven days to comply with the ruling, after which the creditor may resort to the bailiff for enforcement.
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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