Settlement of multi-million dollar debt out of court

A large international company specializing in the development of agricultural technologies made a large-scale delivery of products to its long-standing distributor in Kazakhstan. After receiving the goods, the partner failed to fulfill its payment obligations, resulting in a debt of 245,679,377 tenge (approximately 427,640 euros). The company contacted the Kazakhstan office of REVERA for legal support.

What did we do?

• Prepared and sent legal claims to the distributor and guarantor.
• Drew up documents detailing the requirements for the return of the debt.
• Conducted negotiations and sent written demands with the aim of a peaceful resolution of the conflict.
• Achieved a settlement of the dispute on favorable terms for the client without going to court.

Result: The debt was fully repaid in the shortest possible time – the dispute was resolved on the agreed terms out of court.

We remind you: promptly seeking legal support helps resolve difficult business situations as quickly and effectively as possible.