With all this talk of Brexit you can be forgiven for thinking anything involving international business is fraught with red tape and hostile foreign nationals out to get us. In some cases you may be right and it can be much more difficult to recover debts from customers abroad than here in the UK.
To start with tracking people down can become much more difficult particularly if those customers are outside of the EU. Even if they are inside the EU you may be hit with all sorts of red tape which make recovering the money yourself more trouble than it is worth.
So if you are dealing with overseas customers even on small projects it is worth bearing in mind some of the small details. These include ensuring the terms of your agreement are governed by the law of the land you are dealing with.
If your agreements are subject to UK law then the agreement may not be valid in another country. Following the proposed Brexit next year, this area is likely to come into sharper focus. So you you will need to do your homework as a business owner to navigate what may be a completely different relationship with out EU partners.
One thing we can say however is don’t give up chasing that debt, call us instead for help and advice.