Debt Recovery

Nedelcu & Co advises creditors, businesses, and financial institutions on the recovery of debts both in the UAE and beyond. We represent our clients at all stages of the debt recovery process, from pre-litigation demand and settlement negotiations to litigation and enforcement proceedings, both in the UAE and abroad, in order to obtain maximum value for our clients, where appropriate, without damaging business relationships, where this is in the interests of our clients.

Our work begins with an analysis of collectability, that is, the assessment of the collectability of the claim and the optimal further strategy based on a consideration of costs and benefits. If we identify a possibility for amicable settlement, we will endeavor to achieve a negotiated repayment plan. In cases where such an option is not available, we are ready to take all necessary measures to recover the debts both in the UAE and abroad, including litigating claims in the courts of the onshore UAE and common law courts of the DIFC and ADGM and enforcing judgments and awards, whether local or foreign, against assets in the UAE and beyond.

In addition, we offer our services in relation to the recognition and enforcement of foreign judgments and awards, as well as issues related to insolvency and restructuring proceedings. Our experience allows us to provide practical and realistic advice on the most viable options for debt recovery, always taking into account local litigation and enforcement practice.