he Tenet Financial Law Office is the only debt collection company in Poland, specializing solely in the collection of foreign debt.
Until a short time ago, the foreign debt collection used to be a minor part of polish debt collection market. French, German, English and other companies, that suffered temporary financial difficulties were in general better payers than domestic customers. Unfortunately the situation clearly turned to worse. When the debtors situation gets worse, delay can lead to absolute loss of possibility to recover the money.
Narrowing market and more and more difficult access to financing from loans, which used to be standard procedure for financing of current activity for many West-European companies results in serious problems with on-time settling of liabilities even for so far recognized and reliable companies. In order to minimize the risk of foreign contractors crediting their business at suppliers expenses, definite actions shall be taken, based on awareness of all rights one is entitled to and ways to execute them.