All articles by Krzysztof Łakomski

After a long-running cross-border dispute over damages between a German company and its Polish contractor, interrupted by COVID-19 restrictions and further complicated by the insolvency of both the claimant and the defendant, we successfully secured payment of PLN 500,000 from the insurer. The case was extremely complex in both substantive and procedural terms. The client was wary of the lengthy proceedings but ultimately satisfied with the outcome and the fact that neither an appeal nor, most likely, proceedings before the Supreme Court were necessary.

The article highlights the most common mistakes that occur during the debt collection process and recommends specific actions to avoid them and recover funds more effectively. Additionally, it offers practical advice to streamline collection procedures and reduce the risk of financial losses.

A settlement is a solution that is increasingly being used by both creditors and debtors in the debt collection process. Concluding a settlement involves reaching an agreement that satisfies both parties and avoids lengthy and costly court proceedings or enforcement.

How do you protect your company against the risk of non-payment by the counterparty? In this article, we explain why you should have a T&C and introduce a retention of title in it.