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Law on the digitalization of judicial collection
[/vc_column_text][us_separator][vc_column_text]Today, Thursday, May 13, Law number 9973 has been published in Scope number 95 of La Gaceta number 91. This Law, called “Reforms article 460 of Law 3284, Commercial Code, of April 30, 1964, Law on the digitalization of judicial collection” modifies article 460 of the Commercial Code, with the objective of giving executive title status to the electronic invoice. The new text of the amended article reads as follows: "Article 460 – The invoice shall be enforceable against the buyer for the outstanding amount, provided that it bears the signature of the buyer or his duly authorized representative. The amount stated in a commercial invoice is presumed to be true and the signatures supporting it are authentic. If it is recorded in a physical document, the tax stamp must also be added when it is presented for judicial collection. The stamp value will be that corresponding to a promissory note and will be charged to the debtor as collection costs. An electronic invoice, that is, one recorded in a digital document, will also be enforceable, provided that it bears the digital signature of the buyer or his duly authorized representative. In this case, the corresponding tax stamp must be added to the printed copy of the digital invoice that will be submitted to the claim along with the digital copy of the original."
