Recovering Debt from Outside Within the EU
Recovering debt from companies outside the UK is no easy task for the average business owner but despite the popular myth that it is impossible to recover money from foreign companies, the EU does offer similar protections to those in the UK. All this of course may change if the UK fails to reach a long-term agreement with the EU that maintains the current status quo.
Fortunately, as it stands, if you use a debt recovery firm that knows its way around current laws on debt recovery from within the EU, you should stand a good chance of recovering what is owed. You should not be in a similar position to those operating the Dartford Tunnel who according to reports have allowed foreign truck drivers to get away without paying tolls.
One thing you should be prepared for is a longer wait so you should have contingency plan in place to allow for any reduction in cash flow into your business. You will find plenty of information in the Directive 2011/7/EU on what you can recover in addition to the sum owing including the cost of collection and interest. The European Small Claims Procedure will help if the person refusing to pay owes less than €2,000.