Recently, many Rezolut clients have been asking the question: “What else is there to check a counterparty before a major transaction?”
People are concerned that there have been frequent cases of non-fulfillment of contractual obligations lately. Whether this is due to the crisis that is firmly marching across the country, or something else, we do not undertake to answer, but we will gladly share information about: “How to check the reliability of a counterparty.”
So, you have already requested from the counterparty copies of constituent documents, an extract from the Unified State Register of Legal Entities and statements. They punched the company on the website of the Federal Tax Service of Russia. It seems there is nothing suspicious.
We advise you to continue to do the following:
1. Check the judicial activity of the counterparty company.
Before concluding an agreement with a counterparty, it is safer to check whether it appears in the texts of court decisions as an unreliable organization or a one-day event. You can find out what cases a particular company was involved in and whether it was sued at all, for example, on the website of the Supreme Arbitration Court of the Russian Federation in the section “Card index of arbitration cases.”
In the same way, you can find out how often an organization is summoned to court. Or find out that the company itself is the initiator of disputes. If the counterparty has argued with the tax authorities, it is important to find out what violations he was accused of and who was right. The same is true if the company you are interested in has participated in labor disputes with employees.
2. Check the company’s debt.
You can easily check the company’s debts on the website of the Office of the Federal Bailiff Service in the section “Data bank of enforcement proceedings”.