العربية 
Financial collections and commercial disputes
The Palestinian market faces significant challenges related to commercial disputes and financial collections due to various factors. We aim to help our clients resolve these issues as quickly as possible, given the critical importance of time in financial matters.
Debts and receivables pose major economic problems for companies and individuals, impacting the national economy and particularly affecting Palestinians. The number of legal disputes related to financial collections has been increasing annually. For instance, the Monetary Authority's report on returned checks highlights this issue, showing a significant rise in their value:
- In 2015: $670 million
- In 2016: $831 million
- In 2017: $1.15 billion
This means that $733,000 in returned checks occurs every hour of operation. Additionally, cases related to financial claims registered in courts increase annually by 15%, underscoring the magnitude of this problem for both companies and individuals.
The types of debts are categorized as follows:
- Debts with Executive Documents: This includes returned checks, other commercial papers, executive agreements, and court rulings, all of which are ready for debt settlement.
- Commercial Debts: These arise from commercial disputes, bankruptcy, commercial contracts, and other reasons.
- Civil Debts: These result from contracts, agreements, or ordinary civil transactions.
How can we help?
We provide our clients with legal services related to financial collections and commercial disputes through a carefully planned sequence that involves several stages:
The First Stage: Studying the Opponent
We analyze the opponent's legal and economic situation to determine the most suitable collection mechanisms or necessary legal actions.
The Second Stage: Determining the Most Appropriate Mechanism for Collection or Prosecution
Based on the analysis, we select the most effective mechanism for collection or prosecution. Our efforts are then focused on applying specific legal methods to achieve the client’s goals.
The Third Stage: Implementation
We implement the chosen strategy using the most efficient and rapid mechanisms to ensure achieving the desired result in the shortest possible time.
Questions about financial collections and commercial disputes
How long does it take to collect the value of an executive document - check, court ruling, etc?
The time required to collect debts from commercial papers and executive documents varies based on several factors, including the financial solvency of the debtor, their location, the type of document, and the debt amount. This period can range from several days to several months, or even years in some cases.Can I collect a debt that is not proven by a written document?
Yes, the law allows for the collection of debts that are not documented with written evidence under certain circumstances, such as when there is a decline in the debt's value or in cases of commercial transactions, among others.I have a civil or commercial dispute with someone. Can the dispute be resolved judicially?
Absolutely. Ordinary courts have jurisdiction to resolve disputes, including enforcing financial obligations or contractual terms, whether written or oral. You can also seek penalties or compensation for failure to fulfill commercial and civil obligations.How much are the fees for collecting debts or filing a lawsuit related to a commercial or civil dispute?
The legal fees for collecting debts or filing a lawsuit amount to 1% of the value of the case, excluding attorney’s fees and other expenses. These fees are subject to a maximum limit and may vary depending on the specific case.