Disputes over unpaid heavy machinery loans. Estudio Olaechea’s dispute resolution team is representing Caterpillar Leasing Chile—part of the Caterpillar group—in disputes over defaults on loan repayments for financing heavy machinery purchases in the construction and mining sectors.
Multimillion-dollar recovery and 45-piece machinery seizure: Throughout 2024, our firm has recovered multimillion-dollar sums on behalf of Caterpillar and attained the seizure of 45 pieces of heavy machinery. These seizures are difficult, as the equipment is often in remote areas, including regions plagued by drug trafficking and terrorism.
All-encompassing counsel on multiple vehicle seizure and payment disputes: We are also currently responsible for (i) collecting unpaid financings, (ii) seizing leased heavy machinery whose payments are overdue, and (iii) responding to lawsuits and appeals from debtors claiming damages from machinery seizures or alleging overreach by Caterpillar. Over forty disputes up to now have concluded with machinery seizures, while dozens of others involve obligations to pay sums of money in favour of the client.
Century-old leader in construction and mining equipment manufacturing: Caterpillar is the world’s leading manufacturer of construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives. It has been a global leader for nearly a century.
Latest development: Our firm continues to assist the client with these matters.
