PRAGNUM collected debt from the largest development company

The client, a large construction company, turned to PRAGNUM for help in the matter of collecting unpaid funds from their customer for completed construction and installation work. The task was complicated by the client’s lack of any primary accounting documentation, as well as by five other business agreements between the parties, whereunder the opponents had counter-monetary claims supported by primary accounting documentation. Using their right to set off counterclaims unilaterally, the opponent filed a statement with the court, declaring his disagreement with the claims, citing the previous offset of the client’s debt as fulfilment of obligations under other contracts. Given the challenges, the client could both not receive funds and become a debtor themselves. 

PRAGNUM lawyers built a complex, multi-level system for protecting the client’s interests in litigation, based on using the shortcomings of the opponent’s accounting documentation while maximising the use of the client’s procedural rights. The result was a court decision to collect the full amount of the debt and penalties from the opponent and the rejection of their counterclaims.