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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 […]

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 […]

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 […]

As a first step, an official warning letter will send to the debtor. If there are no response from the debtor, in the first stage of the debt collection procedure in Croatia, the creditor commences the appropriate execution procedure by forwarding to the debtor the so-called Motion on the Execution Based on the Reliable Documents (reliable documents […]

Message from Spain, a successful international debt recovery file. As members of the international debt recovery network SEKUNDI, we received an assignment from our Belgian partner, who asked us to intervene in the out-of-court claim procedure that his client, a company located in Belgium and dedicated to the treatment of air and industrial gases, had […]

Sekundi’s network of international debt collector professionals solves this problem efficiently. Pappila Penkkala Group Oy is the only Finnish member of the organization. Debt recovery from a foreign country can be a frustrating experience. In Finland, our debt recovery service works by first sending a note of complaint. If this doesn’t work, a collection letter […]

MESSAGE FROM OUR PARTNER IN SPAIN (spanish and english) Debt claim request by a foreign client. As members of the SEKUNDI international debt recovery network, we receive commissioned by our French partner, who asked us to intervene in the extrajudicial claim procedure that your client, a company located in France, and dedicated to the manufacture […]