Tsegamlak Solomon & Associates Law Office

Tsegamlak Solomon & Associates Law Office: Your reliable Law firm in Addis Ababa. Providing top-tier legal services across corporate advisory, debt recovery, mergers and acquisitions with a proven success track-record. Tailoring unprecedented solutions for private investors to start-ups and SMEs with Ethiopian legal expertise.

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Summary info
Hourly Rate in $
200
Established in
2022
Type
Law firm
Insurance
N/A
Employees
5
Company description

Tsegamlak Solomon & Associates Law Office (TSA) is a renowned law firm, situated in Ethiopia. Constituted to provide top-tier legal services to various clients. Our capabilities cover a broad spectrum of legal services including corporate advisory, company and deal structuring, legal due diligence, licensing, mergers and acquisitions, tax guidance, financing structures, private equity, debt recovery, employment and immigration, non-profit and non-governmental organizations and dispute resolution.

We exhibit a prosperous history of handling business of all magnitudes from multinational private equity investors, foreign direct investors to budding startups and small to medium-sized enterprises (SMEs). What makes us successful is our profound knowledge of the Ethiopian legal scene and devotion to finding practical, tailored solutions for our clients.

Debt Recovery Process

Regaining overdue debts can turn into a complicated and exasperating process. At TSA, we guide you through each phase, guaranteeing effective navigation through the legal landscape. Here's a general summarization of our approach:

  1. Demand Letter: Our first step involves sending a formal demand letter to the debtor, highlighting the outstanding debt and insisting on immediate payment. This serves as a reminder of their obligations and often influences them to settle without further action.
  2. Negotiation: In case the debtor does not respond or comply, we attempt to negotiate a reciprocally agreeable payment plan. We utilize our experience and negotiation skills to secure the best possible outcome for you.
  3. Litigation: If required, we initiate legal proceedings against the debtor. Our squad of experienced litigators will effectually represent your interests in court, intending to secure a favorable verdict and recover your owed funds.
  4. Enforcement: Upon obtaining a judgment in your favor, we provide assistance with enforcement measures, such as asset seizure or garnishment of wages, to ensure you receive the full owed amount.

Key Benefits of Working with Tsegamlak Solomon & Associates

  • Extensive Experience: Our firm’s astute lawyers possess a deep understanding of Ethiopian law and substantial experience handling varied legal matters, including debt recovery.
  • Client-Centric Approach: We prioritize client gratification, adjusting our strategies to suit your specific needs and goals. We maintain open communication and ensure you're updated throughout the process.
  • Cost-Effective Solutions: We strive to deliver efficient and cost-friendly solutions, proposing competitive rates and transparent fee structures.
  • Proven Track Record: We possess a history of successfully resolving an array of legal cases for various clients, testifying our proficiency and efficacy.
  • Strong Network: We've constructed a robust network of legal professionals and other relevant stakeholders, enabling us to access additional know-how and resources when needed.

Credentials and Additional Information

  • Founded and led by Tsegamlak Solomon, a highly competent lawyer with extensive expertise in law practice and the private equity industry.
  • Our team encompasses experienced legal professionals and associates, each holding proficiency in different law sectors.
  • Our firm frequently participates in industry events and contributes to legal publications, showcasing our commitment to staying abreast with legal advancements.

Selecting Tsegamlak Solomon & Associates as your legal partner grants you access to a team of seasoned and dedicated professionals resolved to defend your interests and achieve your objectives. Our all-encompassing understanding of the legal landscape, amalgamated with our client-centric approach, ensures you receive unparalleled legal guidance and representation.

PRICING MODEL
Our pricing models for debt collection generally fall into two categories: pre-litigation and litigation. Pre-litigation: At this stage, our efforts involve sending demand letters, making phone calls, and negotiating with debtors. For pre-litigation services, our fees may be structured as a flat fee, a percentage of the recovered amount (commission), or a combination of both. Litigation: If the debt remains unpaid and legal action becomes necessary, our fees typically shift to a percentage of the claim amount for specific legal services such as filing court documents or attending hearings. Please note that these are general outlines of our pricing models, and the actual fees may vary based on the specifics of each case.
Services offered
Litigation
Mitigation
Insolvency proceedings
Legal debt collection
Debt enforcement
Pre-legal debt collection
Civil lawsuits
coverage
No items found.
Contact
Address:
Address:
Africa Avenue, Getu Commercial Center, 10th floor, Addis Ababa, Ethiopia
Addis Ababa
Ethiopia
Address:
Phone numer:
WhatsApp:
Memberships and associations
Ethiopian Lawyers Association
Awards and certifications

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Top-Rated Debt Collection Agency in Ethiopia
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