INTERNATIONAL
COLLECTIONS
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The United Nations International Court of Justice, sometimes referred to as
the
World Court, has headquarters
in the Peace Palace of The Hague, Netherlands.
Established
in 1945, the court addresses international disputes and provides advisory opinions
on legal questions arising under international law.
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Sanders Douglas
Associates International includes collections which are comprised of collection
companies and Attorney firms located in over fifty countries worldwide. An advantage
to credit grantors is that debts can be recovered from virtually any part of the
world, an important advantage in this day of high mobility and global economy.
The growth of international
business to its many forms and the resultant concern of business,
government and society as to how best to deal with phenomenon have caused concern
to both the private and public sector.
Inasmuch as international
business operates within the broad context of the world environment,
it must, of necessity, draw on the contribution of a number of basic disciplines,
including geography, history, politics, law and economies.
Major differences
between domestic and international businesses are centered primarily
in the areas of currency, credit inflation, taxation and government restrictions.
In recent years there have been a number of
international accords and agreements giving consistency and uniformity
to assure the flow of goods and services internationally. As an example, the International
Air Transportation Association, who not only sets rates and frequencies between
ports, also are utilized for
investigation of various shipping and transportation
issues and giving assistance to locate debtors or solve problems in conjunction
with other agencies.
The following important
economic characteristics must be analyzed and accounted for to
contribute to success in the international arena:General Economic framework
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General Economic framework
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Governmental monetary and fiscal policy
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Economic stability - Cyclical fluctuations, growth, inflation
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Factor endowment ? labor and
capital
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Balance of payment positions
and stability of exchange rates
Our clients should
be advised that Sanders|Douglas is current on the following inquiries issues, crucial
to affect collection:
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What is the political structure of the
country and the interaction of the treaties between the United States
and the particular country where the debtor is located?
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Under what type of economic systems does the country operate so we can be successful
in our collections?
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In what ways does the government control private enterprises', currency movement,
exchange rates and policies, etc?
SUMMARY
Performing INTERNATIONAL
COLLECTIONS requires the examination and knowledge about the country where the debtor
operates and knowing where to go for authoritative assistance in filling and requesting
judicial assistance from the
country's government and court system.
There are many means
available to obtaining evidence through this discovery process.
Other areas and
collection procedures include and are not limited to the following:
Examination of Treaties
Hague service convention abroad of judicial and extra judicial documents in civil/commercial
matters for judicial enforcement of
international debt collections.
Foreign assistance to
United States courts or litigation in absence of a convention or treaty
Government influence on trade and policies.
Import requirements on how to do business with boycotting countries.
Import/Export Regulations & Controls.
Forwarding Agents and Export Agents required accepting Service of Process for Debtor Company.
Obtaining Default Judgments in Federal
Court ($50k minimum).
Consultants to our clients entering into international b
usiness on
business transactions, finance and taxation.