Debt Collections Handbook Czech Republic 2019

Inkassohåndbok

  • Tsjekkisk Republikk
  • Jordbruk,
  • Automotive/Transport,
  • Kjemikalier/Farmasøytisk,
  • Konstruksjon,
  • Varige Forbruksgoder,
  • Elektronikk/IKT,
  • Finansielle Tjenester,
  • Mat,
  • Generell økonomisk,
  • Maskiner/Ingeniør,
  • Metaller,
  • Papir,
  • Tjenester,
  • Stål,
  • Tekstiler

09 september 2019

Having drawn from the expertise of Atradius Collections' local offices, the International Debt Collections Handbook explains the different regulations for debt collections in the Czech Republic.

Amicable collections

General information

 

 

 

Handbook Report Page - Amicable Phase

 

 

 

Atradius Collections maintains a professional collection process, focusing at all times on the relationships between our clients and their debtors. Our team of collection specialists carry out the collection process in-house. We contact debtors both verbally and in writing whilst adhering to the state law. When there is a dispute, we aim to reach an amicable solution between the creditor and the debtor. We do this by analysing all contractual documents (e.g. signed contracts, orders, confirmations, invoices and delivery notes, as well as all standard terms that have been agreed upon). All investigations are completed with the assistance and agreement of our legal team.

Interest

Interest rates should be specified in the contract between the supplier and the buyer. If they are not, the supplier can charge an interest rate on late payment based on the law. The interest rate is the same for all business relations and is prescribed by civil law. It is calculated as the amount of the repo rate set by the Czech National Bank, plus 8%. Atradius Collections charges interest to the debtor, both in the amicable and legal phases. In a legal proceeding, the interest rate is based on the law if it is not contracted by the parties; and the courts will always award the interest that is required under the condition that the principal is granted.

From a cultural point of view, it can be difficult to obtain the total amount of interest from the debtor. Often, the interest is considered a matter of negotiation between debtors and collectors.

Debt collection costs

Since July 2013, creditors can also demand a lump sum of collection costs of at least CZK 1,200. 

The Debt Collections Handbook presents a snapshot of the Czech Republic's current economic situation and covers the following topics:

  • Types of companies
  • Legal procedures
  • Enforcement in debt, movable and immovable property
  • Insolvency proceedings

To read more about steps and procedures undertaken in debt collections in the Czech Republic and other countries:

Ansvarsfraskrivelse

Fremstillingene som er gitt her er kun generell informasjon, og skal ikke stoles på eller brukes som grunnlag for noe formål. Vennligst referer til selve polisen eller den aktuelle produkt- eller serviceavtalen for de styrende vilkårene. Ingenting i dette dokumentet skal tolkes til å skape noen rett, plikt eller ansvar fra Atradius' side, inkludert noen forpliktelse til å gjennomføre tilbørlig aktsomhet (due diligence) for kjøpere eller på dine vegne. Hvis Atradius gjennomfører tilbørlig aktsomhet for en kjøper, er det for egne underwriting-formål, og ikke til fordel for den forsikrede eller noen annen. I tillegg skal Atradius og tilhørende og tilknyttede selskaper og datterselskaper ikke i noe fall være ansvarlig for noen direkte, indirekte, spesielle eller tilfeldige skader eller følgeskader som følge av bruk av de fremstillinger som det er gitt informasjon om her.