A bankrupt customer brings a lot of uncertainty and concern, especially if the customer is abroad. For bankruptcy abroad cases, the legal rules of the country where your customer is established apply. This means you will have to follow the legal bankruptcy rules of that country and not the ones you are used to nor the ones agreed upon in your contract. Our insolvency lawyers can assist you when your foreign client has been declared bankrupt. We ensure that the damage to your organisation remains limited.
Report outstanding claims
Do you still have outstanding debts with your international bankrupt customer? Keep in mind that there are different rules for submitting (lodging) your claim in every European country. In most cases, you must submit your outstanding claim to the liquidator or to the court of that country. You must also be aware that there are strict deadlines and rules for submitting your claim in some countries. If you do not comply with these, you run the risk that your rights will expire. Always ask advice from a lawyer who has knowledge and experience with the insolvency law of that country. Our international lawyers are happy to help you.
Retrieving goods from your bankrupt customer abroad
The rules for retrieving your goods vary significantly from country to country. For example, if a French company has a bankrupt customer in Poland, statutory Polish bankruptcy law will apply regardless of what has already been contractually agreed to in the contract. This means that you may not be able to appeal to an agreed retention of title. There may be other rules for the recall of goods. Our international lawyers are happy to advise you more about the possibilities in your situation.
We can help you in the following situations:
- Legal advice on current agreements with your bankrupt customer
- Negotiate and maintain contact with the liquidator
- Legal advice about the return of goods.
Advice about a bankrupt customer abroad
Is your foreign customer, supplier or tenant declared bankrupt and do you want to know what your options are? Contact us today. Our insolvency lawyers ensure that the damage to your organisation remains limited.