Unpaid commercial debts are one of the biggest problems that any business may face, particularly in today’s global economic crisis. Whether you're a Saudi business owner or a foreign company engaged in business with a Saudi company, you will surely face big problems in collecting your commercial debts in Saudi Arabia.
In this article, Sadany & Partners Law Firm, a leading Saudi international law firm, explains and clarifies the step-by-step process that our firm typically follows to collect commercial debts in Saudi Arabia, which may involve either amicable settlements or referring the matter to the local court or the concerned Arbitration Center based on the Dispute resolution Article in your contract and we will focus on the following points:
To ensure the smooth, quick, and proper recovery of your commercial debts in Saudi Arabia, it is advisable to hire commercial lawyers who specialize in debt collection. By hiring a lawyer in Saudi Arabia to collect the debt you will have a good advantage and better chance to settle the dispute and collect your debt amicably because the debtor will be fully aware that you are serious and he will has no option except paying your debt or referring the matter to court.
Moreover, the lawyer will take care of all complex legal process that involves local laws, court procedures, or arbitration processes; thus, working with an experienced commercial lawyer in Saudi Arabia can significantly improve your chances of a successful and timely recovery, based on the following facts:
Before taking any steps to settle the dispute Sadany&partners reviewing the case documents that proving the debt including but nor limited to:
If your documents are in a foreign language, our office handles certified legal translations to meet court requirements.
Before taking legal action, Sadany&Partners attempts to achieve amicable settlement. This step is especially effective in Saudi Arabia, where maintaining good business relationships is culturally important.
Our legal team assists in:
These efforts often result in settling the dispute out of court.
When negotiation fails, and your claim is disputed or lacks an enforceable instrument, the case must be resolved through the Court or Arbitration center based on the dispute resolution Article.
We handle:
As a Saudi-based law firm with deep expertise in commercial debt collection, Sadany & Partners offers:
We are trusted by foreign governments, Multinational Companies, and Local Companies to recover hundreds of millions in outstanding debts.
Contact Sadany & Partners Today to collect your commercial debt and settle your dispute amicably and in an effective way.