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For a business operating internationally, assessing the solvency of foreign clients is of crucial importance. While obtaining information about the solvency of domestic companies is relatively straightforward, it becomes more complex when dealing with foreign entities. It is essential to note the existence of “International Credit Reports,” documents that provide information about individuals or businesses […]

Aware of the consequences of payment delays on the financial stability of businesses, the European Commission is proposing a new regulation on payment delays. These new rules will only come into effect once the regulation is adopted by the European Parliament and the Council. Subsequently, they will be applicable one year after the entry into […]

Addressing foreign invoice reminders requires a distinct strategic approach compared to domestic unpaid bills. Avoiding the common mistake of handling international debts conventionally is crucial. Here are some best practices to implement. Reminders Abroad: Best Practices Establish a rigorous methodology for international reminders by creating a gradual schedule with precise intervals. To prevent harassment, follow […]

Before entering into any business relationship with a company, regardless of its industry, it is imperative to undertake preliminary work aimed at safeguarding your interests. This is all the more important when it comes to establishing relations with a foreign company. At present, recovering unpaid debts from companies in difficulty is already a complex internal […]

These guidelines have been prepared to provide an overview of how open/unpaid international claims in Autria against companies, but also private individuals/consumers, can be efficiently and effectively enforced. The following criteria must be generally observed Statute of limitations for claims in Austria The statute of limitations in Austria, which applies to all claims arising from […]

As an international debt collection agency, we are well aware of our clients’ challenges regarding unpaid debts abroad. We have often noticed that General Terms and Conditions of Sale (T&Cs) are too generic and not sufficiently adapted to the international context. These common errors lead to conflict situations where debt recovery becomes more complex than […]

To provide you with all the information and advice you need about collecting your invoices, we have asked our partners to produce a practical guide to debt collection in Switzerland. In Switzerland, debt collection is governed by the Federal Law on Debt Collection and Bankruptcy (SchKG). This law allows creditors to initiate debt collection proceedings, […]

We call shopping nomads buyers who shop in online shops and never thought of paying. They order again and again in the same shop until the company blocks the data and puts them on an internal so-called black list. Then they just go to the next online shop and keep ordering. These buyers aren’t only […]

GS has a specialized debt collection in Spain, both nationally and internationally. We have partners all over the world as member of the international SEKUNDI network to help you recover your debts. As in many European countries, debt collection in Spain consists of two distinct phases. An out-of-court phase known as amicable debt collection. A […]

In order to provide you with all the information and advice you need to collect your invoices, we have asked each of our partners to provide you with a guide to effective debt collection in their country. Today we look at debt collection in France for a creditor abroad (Europe or outside Europe). Advice on […]