Pavel, Margarit and Associates Romanian Law Firm successfully represented a company from Slovakia that operates in the real estate and construction sector in a project that involved recovering a substantial debt as a result of non-performance of the debtor’s obligation to deliver the goods as agreed by the parties.
The legal assistance and representation consisted in carrying out steps, such as sending a notice to the representative of the debtor company, negotiating with the debtor party, obtaining rescheduling of payment and full recovery of the outstanding amount, as well as penalties for late execution of the obligation.
Thus, Pavel, Margarit and Associates Romanian Law Firm successfully managed to assist and represent the client in recovering the claim from the debtor.
Pavel, Margarit and Associates Romanian Law Firm represented clients both from Romania and from abroad, having lawyers specialized in the field of debt recovery and in enforcement proceedings and offering legal assistance and representation in successful projects. In this regards, Pavel, Margarit and Associates Romanian Law Firm managed to recover debts for its clients in an amount around 50 million euros.
,,We have a very good track record in debt recovery over the last 10 years. We recovered debts from insolvency procedures, reorganization procedures, debtors from Romania and from abroad in a large scale of industries, such as real estate and constructions, metallurgical retail, medical, manufacturing, automotive, telecom, media, IT and other” said the Managing Partner of the Romanian Law Firm, Radu Pavel.
In order to carry out the recovery procedure, Pavel, Margarit and Associates Romanian Law Firm recommend contacting a lawyer specialized in debt recovery and in enforcement proceedings in Romania in order to assist the creditors regarding all steps necessary for the recovery of debt owed by their debtors, as well as to obtain any penalties or any other benefits provided by the law.
Pavel, Margarit & Associates Romanian Law Firm is one of the top law firms in Romania, offering top legal advice. The Romanian law firm’s clients are foreign and top local companies and high worth individuals. In 2021, the success stories of the Romanian Law Firm have brought recognition from the most prestigious international guides and publications. The firm was ranked second place in Romania by the Legal 500 publication. The Romanian law firm is also recognized by IFLR 1000 Financial and Corporate Guide 2021. Pavel, Margarit & Associates Romanian Law Firm is also the only law firm in Romania recommended by the Global Law Experts Director in London in the Dispute Resolution area of Practice. All the relevant information regarding Pavel, Margarit & Associates Romanian Law Firm can be found on the website www.avocatpavel.ro.