Summary: Are UCC filings effective with debtors or collateral outside the USA, in Mexico for instance? Is it a reliable tool for creditors in this situation? Sadly, such UCC fillings are likely worthless. Nonetheless, the RUG and pledge are comparable options in Mexico that work and can help creditors in similar ways.
Summary: Are all collection claims candidates for litigation in Mexico? The following article discusses the main factors that creditors should consider before engaging in litigation in Mexico for the recovery of debt. Our findings will also help parties assess litigation of a different nature or in other countries, subject to considerations of such unique cases or from the legal systems in those jurisdictions.
Summary: International credit sales add significant risk to exporters. Credit managers of exporting companies selling to the Mexican market must understand such risks and put a strategic plan in place to mitigate them. This article discusses the strategy and plan to support credit sales to Mexican customers in a safe way for business success.
Summary: Creditors who extend credit and loans require reliable and cost-effective security devices to protect them against non-payment. The pagare in Mexico is a convenient tool. Therefore, this article explains: 1) the rules that affect international promissory notes to be enforced in Mexico; 2) the laws that govern pagarés in Mexico; 3) the basic drafting of pagarés in Mexico; and 4) issues to consider before executing pagarés to be enforced in Mexico.