Skip to main content
Insights

Sourced answers on doing business across borders.

Every statement is labelled: source-checked, professionally reviewed or not yet checked, with its source and date where checked.

Ask WONE Global

Ask your question.

Answers cite WONE Global's sourced statements and show how each one was checked. Research, not advice.

Ask WONE Global→

Cases · Business & ownership · Restructuring, insolvency & business recovery

Recover assets in an insolvency abroad

Our debtor abroad has gone insolvent. Can we recover anything?

WONE Global files claims, protects any security and takes part in the insolvency through counsel in that country.

Countries in the typical case Mexico · United States

The situation

What is happening

A debtor or partner has entered insolvency in another country.

What is at stake

In a foreign insolvency, creditors who act late recover less, or nothing.

Who faces this

  • Corporations
  • Mid-sized companies
  • Private clients and families

A scenario

SupplierMid-sized company · from Mexico · in United States

A customer that owes it significant sums has filed for bankruptcy in the US.

Where it ends A claim that counts.

A representative scenario of the work WONE Global coordinates, not a specific client’s matter.

Also asked as “Claim in a foreign insolvency”“Creditor rights abroad”“A major customer has entered insolvency”

The solution

How WONE Global handles it

WONE Global files claims, protects any security and takes part in the insolvency through counsel in that country.

Usually led by Disputes & Resolution, with Legal & Contracting and Accounting, Reporting & Statutory Compliance.

Step by step, in the scenario

  1. Week 1Claim filed.
  2. Week 2Security protected.
  3. OngoingProceedings.
  4. ThenDistribution.

Timings are typical. They depend on the countries, the authorities involved and how quickly documents are available.

Decisions

The decisions involved

  1. 01Filing claims and deadlines
  2. 02Recognition of foreign insolvency proceedings
  3. 03Security, set-off and retention of title

Outcomes

What you receive

  • Claims filed
  • Rights protected
  • Distribution received

This is a general guide. Your WONE Global professional confirms the work, timing and fees for your markets before anything starts.

Services

The services involved

One area of expertise usually leads; the others move with it. WONE Global keeps them connected across every country involved.

  1. Usually leadsDisputes & Resolution9 markets with a named lead→
  2. Often involvedLegal & Contracting18 markets with a named lead→
  3. Often involvedAccounting, Reporting & Statutory Compliance21 markets with a named lead→

Who handles it

Disputes & Resolution, market by market

The status of the lead service in the markets that matter for this case. A named WONE Global Partner acts under their own licence; where none is in place yet, WONE Global confirms availability before anything else.

  1. United Statesin the typical case WONE Global Partner Frederick Miles Adler · Principal Brief this Partner →
  2. Mexicoin the typical case On request Availability confirmed before any work begins Bring a requirement →
  3. Argentina WONE Global Partner Dr. Silvia Patricia Maccari · Lawyer Brief this Partner →
  4. Australia WONE Global Partner Dimitrios Katsaros · Principal Solicitor Brief this Partner →
  5. Italy WONE Global Partner Alessandro Dagnino · Managing Partner Brief this Partner →
  6. Poland WONE Global Partner Andrzej Zacharzewski · Partner Brief this Partner →
  7. Portugal WONE Global Partner Bruna Prinzo · Managing Partner Brief this Partner →
  8. Saudi Arabia WONE Global Partner Abdulrahim bin Saleh Al-Zahrani · Founding Partner & General Manager Brief this Partner →
  9. Zambia WONE Global Partner Reagan Blankfein Gates · Managing Partner Brief this Partner →
  10. Zimbabwe WONE Global Partner Thompson Mucheki · Managing Director Brief this Partner →
  11. India On request Availability confirmed before any work begins Bring a requirement →
  12. Singapore On request Availability confirmed before any work begins Bring a requirement →
  13. United Arab Emirates On request Availability confirmed before any work begins Bring a requirement →
  14. United Kingdom On request Availability confirmed before any work begins Bring a requirement →

Other markets: WONE Global covers 100 countries. Name yours in the requirement →

WONE Global Intelligence

Ask about doing business across borders

Ask in your own words. Answers come from WONE Global's checked records, with every source shown, and end with the named Partner who can act. Go deeper on any point, or build a decision file.

Contact WONE Global

Discuss this case with WONE Global.

UNIONE™ · Before You Enforce™

When money has to be recovered across a border.

Plan recognition, assets, jurisdiction and security, including State and State-owned parties, before committing to enforcement.

For this moment

UNIONE™ is the UNBOUNDED™ Global Ecosystem's institution for cross-border dispute prevention, resolution, arbitration and enforcement. Like WONE Global, it is part of the ecosystem, and the two work as one. Links open theunione.org. Visit UNIONE™

UNBOUNDED™ · Global Business Circuit™

Work through United States ↔ Mexico with the leaders doing it.

Bring a live question about this corridor to a small online session of senior business leaders, run by UNBOUNDED™, the ecosystem WONE Global belongs to.

The Global Business Circuit™

One corridor, 60 minutes online, 12 senior business leaders. The leaders' own questions set the agenda; market and professional perspectives join only where the questions call for them.

WONE Global is one of the six institutions of the UNBOUNDED™ Global Ecosystem. Links open unboundedglobal.com. WONE Global in the ecosystem