Debt Collection Attorney in Rīga – Sorainen
Sorainen is a premier law firm in Rīga offering effective Debt Collection services in Latvia, recognized as the National Law Firm of the Year: Baltics, founded in 1995, and a member of the Latvian Blockchain Association.
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Company description
About Sorainen – Legal Debt Collection in Latvia
Sorainen is a premier law firm based in Rīga, known for providing effective debt collection services across Latvia. Established in 1995, the firm is recognized for its excellence and commitment to resolving complex debt recovery issues efficiently.
Proven Results
Sorainen has a distinguished reputation, having been awarded the National Law Firm of the Year for the Baltics. Acknowledged for its exceptional service in legal debt recovery, the firm is also a member of the Latvian Blockchain Association, illustrating its forward-thinking approach. With a team of experienced attorneys, Sorainen has consistently helped clients recover outstanding debts, backed by an impressive track record in the industry.
Our Process
Sorainen follows a structured approach to debt collection, ensuring thorough and efficient case handling. The firm’s process is designed to optimize results and minimize hurdles in the recovery journey.
- Initial assessment and strategy development based on client needs.
- Issuance of a payment demand to the debtor.
- If unresolved, filing a claim with the court.
- Pursuing insolvency proceedings when necessary.
- Engaging in negotiation and settlement discussions.
For additional insights, see Debitura’s Latvia debt-collection guide, which offers an overview of local regulations and best practices.
Meet the Team
Sorainen boasts a dedicated team of 100 legal professionals known for their expertise in debt collection. Founded in 1995, the firm is led by key figures who bring a wealth of knowledge to their roles. Managing Partner Andris Taurins, accredited by leading legal directories, brings strategic oversight to the team. Supporting him are specialists like Dace Silava-Tomsone and Talis Laizans, whose backgrounds in commercial debt recovery significantly enhance the firm’s capabilities.
Services & Industries
Sorainen offers a comprehensive range of services catering to various industries. Specializing in legal debt recovery, the firm addresses the needs of sectors such as finance and technology. Its affiliation with the Fintech Latvia Association underscores its expertise in navigating complex financial landscapes, allowing businesses to manage and mitigate credit risks effectively through the firm's streamlined debt collection processes.
PRICING MODEL
Sorainen offers debt-collection services primarily on an hourly tariff under its Terms of Engagement, with time tracked in one-tenth hour units. Clients incur additional fees for reasonable out-of-pocket costs, including travel and communications, and urgency may lead to higher rates. A 2% administrative fee applies to manage service delivery.
Invoices are emailed monthly, with payments due in 14 or 30 days as specified in the engagement letter. Interest applies on late payments. Sorainen does not provide contingency or "no-win-no-fee" agreements for debt collection, and clients may face liability for adverse cost orders if disputes are lost. Recovery of legal costs from unsuccessful debtors is feasible in certain cases. Third-party fees apply for external debt collection agency involvement.
Different local hourly rates and taxes are applicable in offices across Estonia, Latvia, and Lithuania. Prospective clients can request detailed rate schedules per staff role. Taxes, including VAT, conform to local regulations. Request a detailed quote to understand the full scope and tailored terms for your needs.
Process
Debitura empowers businesses with effective debt recovery solutions worldwide. Debitura is a tech‑powered debt‑collection platform that routes every claim to vetted local experts for immediate, country‑specific action. Operating in 183 countries, it offers a robust network, including a specialized Europe debt‑collection network. In Latvia, the platform provides a no‑cure‑no‑pay benefit, ensuring creditors only pay for successful recoveries. The debt collection agency Latvia page reveals critical insights, including statutory interest rates and timelines for legal proceedings. Explore the Latvia debt‑collection guide to enhance understanding of the local debt recovery landscape.
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We have written a detailed guide about debt collection. Click the button below to read it.
Top-Rated Debt Collection Agency in Latvia
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