When Importers Give Loans and Advances: Protecting Returns
Webinar: 1 CCS Credit
Importers giving a loan or an advance or otherwise extending credit to a foreign person or company will typically think of filing a UCC-1 statement to ensure they recover their money, but the UCC doesn’t always extend to international secured debts. The UCC has been enacted a little differently by each U.S. state, and each foreign country has its own set of laws that apply to security interests but may not fit together well with the UCC.
This webinar will show you how to protect yourself if you extend credit abroad. 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 the 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.
- overview of UCC statutes applicable to secured interests
- when the UCC applies to foreign secured interests
- overview of issues in foreign laws on secured interests
- factors to consider in deciding whether to use the UCC or foreign law
TIFFANY N. COMPRÉS is Of Counsel to Sandler, Travis & Rosenberg, P.A., resident in the Miami office. Ms. Comprés handles cross-border transactions and disputes, with particular expertise in fresh produce and art/antiquities in international trade. Her fluency in four languages and practice experience in Italy, France and the United States uniquely situate her to help clients in these historically “handshake” businesses to protect their interests in today’s compliance-focused environment. Using pragmatic approaches to deal making while also taking the long view, she is able to assist in building relationships in industries where repeat business is essential.