We offer legal assistance in all aspects related to surety bonds. From the contracting phase (isolated or through general surety or supplier contracts), preventive or preservation acts, rescissions and contractual acknowledgments or claims in administrative or judicial venues, we advise the different parties involved in this market:

Advice to beneficiaries

Our wide experience in the surety sector allows us to provide specialized advice that harmonizes the times and forms that must be satisfied to execute the bond policies or guarantees before the surety companies, considering the guaranteed obligations.

Advice to sureties

During the process of execution of a surety bond policy, the participation of the principal is required. COLIN VEGA FLETES has solid knowledge to advise you during this process, to identify the guaranteed obligation, and based on this, provide sufficient elements to resolve or disagree with the claim.

Likewise, we represent the interests of sureties, joint obligors, or counter-guarantors, in claims, special bond trials or even after these, with the purpose of opposing the action attempted for the collection of the guarantees by the beneficiary of the related policy or the surety company.

On the other hand, we advise and carry out the necessary actions to achieve the cancellation of the bond policies that remain in force without need, as well as of the encumbrances to which the goods granted as guarantee before the bonding companies by the sureties, joint obligors or counter-guarantors have been subject to.

Advice to sureties

The firm offers professional services to sureties in the bond underwriting phase, as well as in the evaluation and constitution of counter-guarantees prior to the issuance of the respective policies.

During the claim procedure, COLIN VEGA FLETES provides specialized advice in the attention, integration and ruling of the claims formulated by the beneficiaries, or in the case of public or governmental entities, the non-conformity of the payment requirement through a nullity trial.

Likewise, the firm’s services are extended to represent the interests of guarantors in actions brought before judicial authorities for the constitution of guarantees, the recovery of the payment derived from the claim and the requirement of the premiums owed.

Pre-claim actions

We provide adequate advice to exercise the necessary actions that must be exhausted prior to the execution of the surety policies, according to the nature of the guaranteed obligations, or in its case, to implement the appropriate measures to avoid the formulation of the claim.

Complaints before CONDUSEF

We provide the necessary advice in proceedings before the National Commission for the Protection and Defense of the Users of Financial Services (Comisión Nacional para la Protección y Defensa de los Usuarios de Servicios Financieros) (CONDUSEF), either representing the interests of beneficiaries, sureties or bonding companies, in order to enforce the corresponding rights or defend them.

Bond litigation

COLIN VEGA FLETES has vast knowledge in the design of the strategy and representation of the interests of the parties involved in the special procedure of surety bonds provided by the Law of Insurance and Bonding Institutions (Ley de Instituciones de Seguros y de Fianzas).