Finland collection profile

Finland-bnr

 

Collecting in Finland

  • The payment behaviour of domestic companies is excellent at 25 days DSO on average, and the EU framework provides reliable tools when it comes to late payment.​

  • However, legal action and enforcement proceedings may be time consuming, especially when the debtor’s assets are difficult to locate, and recovering debt through pre-legal collection methods remains the most efficient solution.

  • Although insolvency law aims at rescuing companies facing financial difficulties in order to increase repayment possibilities, most reconstruction procedures spread over years (or fail) thus leaving the creditors with no or very few dividends, while liquidation procedures leave very low recovery chances to unsecured creditors.

 

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    Finland

    Finland

    Collection complexity

    notable-2

    Collection relating to

    Payments
    $-1
    Court
    proceedings
    Gav-1
    Insolvency
    proceedings
    Arrow-2

     

     

    Publications about Finland

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