Recovery of Outstanding Payment for Typographic Products

A Lithuanian company dealing with printing activities applied to us with a request to provide our legal support related to the recovery of an outstanding payment for the supplied typographic products for the total amount of EUR 274,308.20 from a Russian company. Pursuant to the preliminary estimation of the debtor’s financial status performed by our lawyers, the defendant had a real opportunity to settle the existing debt vis-a-vis our client amicably. However, despite this fact the negotiations with the debtor did not bring the desired result, and the Russian company failed to repay its debt within the due dates scheduled during negotiations between the parties. Therefore we have decided to file a claim to the Arbitration Court. Currently we are in process of preparing the set of documents for the Moscow Arbitrazh court for the purpose of the recovery of the outstanding debt and penalty due for late payment of funds.

EUR 274,308.20