Debt Recovery in Belarus Based on a Russian Court Decision
The REVERA team represented the interests of a Russian company to enforce an arbitral decision of the Russian Federation on the territory of the Republic of Belarus.
The parties agreed on an installment plan for the enforcement of the arbitral decision. The installment terms, dividing the debt into seven payments, were approved by the Economic Court of Minsk. The debtor systematically violated the terms of the installment plan, which prompted REVERA’s lawyers to apply for a court order.
REVERA’s lawyers oversaw the enforcement proceedings from the initial stage of initiating enforcement to the full recovery of funds, taking all necessary interim measures within the enforcement process.
Result for the Client: full recovery of the outstanding receivable.
We remind that decisions of the economic courts of the Republic of Belarus and the arbitral courts of the Russian Federation do not require a recognition procedure and are enforced in the same manner as domestic court acts, based on enforcement documents issued by the courts that made the decision.
At the same time, in order to achieve the actual recovery of funds, qualified legal support is essential throughout the enforcement process, including taking interim measures and interacting with enforcement authorities.
REVERA’s lawyers are ready to support the enforcement procedure and help the Client obtain the awarded monetary funds.