Debt Recovery

Unpaid receivables tie up working capital and, if left too long, become difficult to recover at all. Early, well-documented action significantly improves the prospects of recovery — and often resolves the matter without going to court.

Wise Counsel acts for businesses, financial institutions and individuals in recovering debts in Vietnam. We assess the debtor's position first, then choose the route — negotiation, formal demand, court proceedings or enforcement — that offers the best return for the cost and time involved.

What we help with

• Reviewing the underlying contract, invoices and evidence of the debt
• Verifying the debtor's legal status, assets and ability to pay before action is taken
• Issuing formal demand letters and negotiating repayment schedules
• Advising on limitation periods and preserving the right to claim
• Preparing and filing claims before the competent Vietnamese courts
• Representing creditors in arbitration where the contract provides for it
• Applying for interim measures to freeze or preserve the debtor's assets
• Representing creditors in enforcement proceedings and asset realisation
• Advising on recovery where the debtor enters insolvency proceedings

We are candid about which debts are worth pursuing and which are not. Where recovery is realistic, we act quickly and persistently; where it is not, we say so before you spend more money.