Trade Finance 201: Protecting Your Interests When Extending Credit Abroad
Webinar: 1 CCS Credit
Importers giving a loan or advance or otherwise extending credit to a foreign person or company will typically think of filing a UCC-1 statement under the law known as the Uniform Commercial Code to ensure they recover their money. However, that law doesn’t work so simply and doesn’t always extend to international secured debts.
Whether you’re securing a loan with land, receivables, or other collateral, you need to make sure your interest is enforceable; i.e., that you can actually access that collateral if you need to. This webinar will discuss the issues that should be considered in deciding what kind of collateral to accept and where and how to enforce secured interests if a foreign debtor defaults.
- how the UCC works
- when and how the UCC applies to foreign secured interests
- issues in foreign laws on secured interests
- factors to consider in deciding whether to use the UCC or foreign law
TIFFANY N. COMPRÉS is a Member of Sandler, Travis & Rosenberg, P.A., resident in the Miami office. She is uniquely qualified to help people and companies buy and sell goods across borders and resolve international disputes. Although her primary area of expertise is the international fresh produce industry, she often takes cases in other sectors in which commercial international law is involved. She is fluent in Spanish and French and conversant in Italian.