Watch the useful video before the deal with a Russian business partner
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We are often approached by foreign businesspeople to verify suppliers in Russia. This mainly concerns natural resources such as gas, oil, fuel, wood, and other commodities. In most cases, our clients report that they have already transferred money to a supplier, but the goods were never delivered.
In such situations, we conduct a full background check of the supplier from the very beginning. In 98% of cases, the suppliers—usually found by our clients online—turn out to be scammers. We identify the fraud and take all possible measures in response.
Do not neglect a preliminary check of your counterparty, as failure to do so may lead to serious consequences.
Vasiliy Tarasenko, attorney
In 98% of cases, the suppliers from the Internet we checked turned out to be a scam!
1. Scam suppliers! Spotting a vendor fraud before it's too late
When a contract is concluded, the parties usually anticipate long-term, productive cooperation and, of course, do not expect possible violations by the counterparty.
At the same time, in order to ensure proper performance of the contract, I always recommend including specific liability provisions covering various types of breaches.
In addition, when drafting a contract, it is essential to take into account applicable international trade agreements.
Should you need assistance in reviewing or drafting a contract with a Russian supplier, feel free to contact us!
Vasiliy Tarasenko, attorney
It is better to clearly stipulate liability measures in the event of a breach of contract.
2. Legal support before and during contract performance in Russia
When a client contacts us with a request to recover money from their counterparty, we follow this plan:
First, we send a demand letter to the defendant.
If we do not receive a response to the letter within a month or if our demand is refused, we file a lawsuit.
After going through all the courts, we also handle the enforcement of the court decision in Russia.
If your business partner doesn't pay, you can start legal proceedings
3. Guaranteeing the return of investments after contract performance in Russia
We provide contract law services in Russia
Legal support during contract performance
Drawing up contracts and other documents as appendices to the contract
Legal advice at a stage of contract execution
As a rule, foreign companies address us with the following inquiries: