Litigation debt collection measures create significantly greater pressure on the Debtor due to the involvement of competent authorities. In addition to requesting payment of the principal debt, the Client may also claim late payment interest and other arising financial obligations (if any) in accordance with applicable laws or the agreement between the parties during court or arbitral proceedings.
With a team of highly qualified lawyers and legal professionals possessing extensive experience in litigation before Courts and Arbitration, TNTP will represent the Client in preparing the case file, developing strategies for the resolution of debt collection disputes, and participating in working sessions and hearings before the competent authorities in order to protect the Client’s lawful rights and interests to the fullest extent.
TNTP’s scope of work for Litigation debt collection services will include:
– Drafting and submitting a lawsuit dossier against the Debtor at a competent Court/Arbitration authority in Vietnam;
– Acting as the Client’s authorized representative to participate in all stages of proceedings at the Court/Arbitration (including the first instance and appellate stages);
– Regularly updating the Client on the progress of the case;
– Consulting with the Client on further solutions upon any new developments in the case;
– Preparing necessary documents for the resolution of the case at Court/Arbitration, including but not limited to legal submissions, written statements, complaints, and other required documents;
– Negotiate with the Debtor to reach the most favorable debt settlement agreement for the Client;
– Preparing defense statements for hearings at Court/Arbitration;
– Participate in the trial to protect the legitimate rights and interests of the Client;
– Receive judgments, decisions or arbitral awards from competent Court/Arbitrator in Vietnam;
