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Did you have any oral conversations on that subject.
Could he argue it was a gift?
What were your intentions with regards XXXXX XXXXX money and what did you understand from his oral statements that his intentions were regarding the money?
Does he already have all the money in his possession?
How was it transfered to him, by check, wire transfer, etc?
How long ago did you send the money?
At the link below youwill find : Treaty between the United States of America and the Republic of Panama concerning the Treatment and Protection of Investments.
First you should read this treaty and print it out for future reference in case you decide to become an equity partner. This is a fairly complicated process and I would recommend that you seek the advice of an international business transactions lawyer to help you complete the transaction properly. You can use the links below as a place to locate such a lawyer near you.
My suggestion is that you go the promissory note route so that it is easily enforceable if things go south compared to some type of equity participation which can get very expensive to litigate and resolve internationally.
At this link you will find a treaty that governs promissory notes and how they are to be enforced between the two countries. I would also suggest that you print and read and attach that to a promissory note that your friend is to sign. The promissroy note will need to be backed by a security interest in his land. Once again, this is complicated enough so that you will need the assistance of a international business transactions lawyer.
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