The Korean car distributor merger in the Philippines

di IA group

A Philippine automotive corporation bought a fleet of SUV cars from a leading Chinese car exporter. After the Philippine corporation made the down payment, the Korean car distributor shipped the vehicles to the Philippines in excellent condition. Unfortunately, the Philippine buyer failed to pay the balance owed for these cars. Attempts by the seller to recover the rest of the payment were futile. IA’s client, a Chinese credit insurance corporation, sought IA’s assistance to recover the multi-million dollar amount owed by the buyer.