Handling Unique Collection Situations
International Collections and Contracts and Personal Guaranties
International collections may require co-counsel in the country you are proceeding in. However, if your defendant has contacts with your state, an attorney may serve the State’s process in the foreign country if the country signed the Hague Service Convention. A contract is formed when the parties enter into an agreement that defines the rights and duties between the parties. Depending on the contract, a party extending credit can require a personal guaranty. This white paper reviews both international collections and personal guaranties and discusses recent case laws.
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