Mediation and Amicable Commercial Debt Recovery
In many situations mediation is the most cost and time efficient solution to commercial disputes and debt recovery.
During amicable recovery processes, Recovery Advisers’ trained mediators work closely with debtors to identify grounds upon which reasonable settlement agreements and repayment solutions can be reached. This allows for clients and the debtors to avoid the expenses associated with formal action and results in a speedier recovery process and helps preserve the existing commercial relationship between the parties.
By leveraging knowledge and expertise of the debtor’s legal environment, mediated settlements are drafted in compliance with applicable legal requirements and with enforceability in mind.
The practice includes working closely alongside clients to create solid settlement contracts and restructuring agreements, addressing matters such as securing the debt (e.g. collateralization by retention of title, mortgage, or guarantees), registration / notarization, and direct enforcement.