Debt collection is the process of recovering unpaid debts such
as invoices. And as the technology made global business and trade
to become a small village where the business and the payments are
made through internet without physical connection between the
parties, the obstacles of unpaid debts started appearing with
increased pace and frequency.
In Egypt, debt collectors are normally attorneys as opposed to
the internationally known collection agencies. From practical
experience and cases handled by our law firm for clients from
Europe, Asia, Africa, U.S and the Middle East, a brief overview of
the debt collection in Egypt is presented below.
Debt collection rates:
Youssry Saleh and Partners follows international standard rates
for debt collection cases based on contingency rates ranging from
15% to 45% in commercial, corporate, maritime and business
contracts. The rate mainly depends on the date of the invoice and
the complexity of the case. In addition, one of
