A recent survey assessing trade risks of emerging economies reported Mexico’s slow legal process for debt collection and poor legal protection for creditors as key risks for trade partners.
Commissioned by Atradius, a leading global credit insurer and the parent company of Atradius Seguros de Credito, S.A., surveyed companies currently selling products or services in Mexico reported that:
"Mexico’s sluggish legal system is a known problem; trying to execute security like personal guarantees and mortgages can take years," said Karel van Laack, Country Manager of Atradius Seguros de Credito in Mexico. "This is one of the many reasons why more and more companies are looking at credit insurance as an effective way to protect against payment problems and earn liquidity."
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