TNP Lawyers routinely advises high-net worth individuals, companies, banks, and other entities on cash flow-based lending, asset based lending, acquisition financing, exit financing, and other secured and unsecured financing. We also advise clients on creating security interests for different types of collateral including: inventory, equipment, accounts receivables, securities, real estate, and other to meet the various needs of our clients.

Our lawyers have extensive experience working on banking and finance matters within the Asia Pacific region including but not limited to: syndication, leveraged buyouts, asset finance derivatives, and project financing. We have an in-depth knowledge of the complexities of the local market, as well as our clients’ businesses, and use this expertise to assist our clients in achieving their objectives.

Legal action

This is seen as a final measure of debt collection, which requires the clients to file a lawsuit against the debtor, requiring a significant amount of time for asset research, investigation, and acquiring debt related information. Before proceeding, the clients should ensure that the physical location and legal status of the debtor’s property and registered address of the debtor is correct to secure compliance with the filing process in accordance with civil procedural law.

The statute of limitations for initiating lawsuits in relevant jurisdictions is also a very important variable that the clients should consider. Additional requirements to file a lawsuit include written demand letters, submission of debt-related evidence, and participation in at least one confrontation and provision of evidence at court before the case is judged. Once the clients have secured a favourable judgment at court, the next procedural step is to request the competent enforcement agency to take the lien of the debtor’s property if the debtor did not voluntarily enforce the legally effected judgment.

GET YOUR MONEY BACK THE LEGAL WAY !