Six Challenges For Starting Legal Proceedings in Latin America

Debt Collection Latin America & the Caribbean

140729.2 Six Challenges Legal Proceedings LATAMIn a globalizing world we do more international business than ever before. Economic growth takes place in what we used to call the developing countries.

Focusing on Latin America, countries like Brazil and Mexico, but in the last few years certainly also for example Colombia, Peru, Chile and Panama, have gone through significant growth periods attracting foreign businesses and investments.

But what if you are based in North America or Europe and you do volume business in one of these countries, or you closed a very important business deal, and your client is not paying? What if the deal is not covered under your credit insurance, your client passed through all internal due diligence and compliance procedures and know your client policies, and amicable debt collection and interferences of a debt collection agency, local representatives, or even a law firm do not result in payment of the outstanding debt?

Naturally…

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