Togo collection profile

togo-bnr

 

Collecting in Togo

  • Though the payment terms usually state 30 days, these are never respected and in practice, payments occur within 60 to 90 days.

  • The Civil Law is inherited from the French Civil Law, thus the Civil Code is still the French Code. However, features arising from case law and customary law (rules derived from local customs) have led to some adaptation of the original law.

  • The law does not provide for out-of-court proceedings, though there are two procedures for debt restructuring which are available to creditors.

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    Togo

    Togo

    Collection complexity

    very-high-2


    Collection relating to

    Payments
    $-3
    Court
    proceedings
    Gav-3
    Insolvency
    proceedings
    Arrow-4