12 mln has been recovered with the assistance of AM
A major importer of pesticides, seeds, agricultural chemicals and other products has applied to AM law firm for its debts collection service. The debt owed to the company amounted to 12 mln AMD.
The debtor has repeatedly breached the debt payment agreement; therefore the lawyers of AM chose to use the strategy of judicial recovery of debts. However, the out-of-court negotiations still continued after the lawsuit was filed and before the first hearing of the case would begin.
As a result, the debtor realized the possibility of negative consequences of disrupting business relations, the huge amount of the legal costs, the penalties, and paid a part of the debt before the first hearing of the case. As to the remainder of the debt, the parties agreed on a monthly payment schedule, thus avoiding undesirable consequences.