Many commercial relationships extend beyond our own border and this can result in a New Zealand based company being owed money by a foreign entity with no presence in New Zealand.
Cross border debt recovery can be relatively complex. There is invariably another legal system to consider and communication can be challenging.
The physical distance between the creditor and debtor adds another mental layer to the equation which consequently sees these arrears put in the ‘too hard basket’ and they are never realised.
Whilst no two situations are ever the same, we have a solid process around offshore debt recovery and use our experience(s) to deal with the issues at hand.
We have various arrangements in a number of jurisdictions which means we can pull a team together very quickly to firstly understand the situation and then work out a plan to recover the debt.
If you are owed money by an overseas entity or individual, speak to us today!
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