{"id":15055,"date":"2024-08-21T17:20:29","date_gmt":"2024-08-21T17:20:29","guid":{"rendered":"https:\/\/www.pmcg.pt\/?p=15055"},"modified":"2024-08-13T17:25:40","modified_gmt":"2024-08-13T17:25:40","slug":"debt-recovery-in-portugal-how-to-do-it","status":"publish","type":"post","link":"https:\/\/www.pmcg.pt\/en\/debt-recovery-in-portugal-how-to-do-it\/","title":{"rendered":"Debt Recovery in Portugal; How to do it?"},"content":{"rendered":"<ol>\n<li>\n<h4><strong>Debt Recovery in Portugal<\/strong><\/h4>\n<\/li>\n<\/ol>\n<h4><strong>Debt recovery in Portugal is a process that bears many resemblances to those in other jurisdictions, such as Italy and Spain, but also has distinct characteristics that set it apart.<\/strong><\/p>\n<p><strong>When it comes to cross-border debt recovery, our expert lawyers provide thorough legal guidance across multiple jurisdictions.<\/strong><\/p>\n<p><strong>Standard payment terms in Portugal typically require invoices to be settled within 30 days. Unpaid invoices that go beyond this period can be pursued through the court system or by negotiating via alternative dispute resolution (ADR) methods.<\/strong><\/p>\n<p><strong>Our debt recovery team is highly experienced in reaching settlements through ADR. Initially, our lawyers strive to resolve disputes through mediation, where the parties discuss their positions in the presence of a neutral mediator. This approach aims to maintain composure and reach a mutually satisfactory agreement.<\/strong><\/p>\n<p><strong>Arbitration is another ADR method, a more structured process overseen by an arbitrator who has the authority to issue legally binding decisions after hearing both sides&#8217; arguments. ADR proceedings are conducted privately and often lead to faster and more cost-efficient outcomes than court litigation. Additionally, negotiated agreements can help maintain business relations between the parties involved.<\/strong><\/p>\n<p><strong>If ADR options prove unsuccessful, our Portuguese debt recovery lawyers evaluate the debtor&#8217;s financial stability to determine whether pursuing legal action is viable. After considering factors like the ease of enforcing court judgments in the debtor\u2019s jurisdiction, we advise on the most appropriate jurisdiction for the case.<\/strong><\/p>\n<p><strong>Our lawyers work tirelessly to secure payment of overdue invoices and, when necessary, take steps to seize the debtor&#8217;s assets to satisfy the debt.<\/strong><\/p>\n<p><strong>We are at your disposal to clarify any information or questions you may have.<\/strong><\/h4>\n","protected":false},"excerpt":{"rendered":"<p>Debt Recovery in Portugal Debt recovery in Portugal is a process that bears many resemblances to those in other jurisdictions, such&#8230;<\/p>\n","protected":false},"author":2,"featured_media":15056,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[37],"tags":[558,559,560],"class_list":{"0":"post-15055","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-legal-present","8":"tag-debt-colection-portugal","9":"tag-debt-recobery-portugal","10":"tag-overdue-credits-portugal"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Debt Recovery in Portugal; How to do it? 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