Getting Sued in today's lawsuit happy world is a distinct possibility.  Good business financial planning and risk management must involve a strategy to minimize liabilities related to lawsuits.

Forced Suit  Settlement

It's true nobody will force you to settle a lawsuit... but once a suit is filed against you there are really only two choices: 

1. Pay expensive legal bills to have a lawyer fight the suit.
2. Settle the lawsuit on the advice of your legal counsel

It really doesn't matter who is wrong or right.  Most times it is an economic decision.  Either you pay a little to settle or you pay a lot to fight.  Either way you lose money and valuable time

Asset protection techniques before you get sued 

It is critical to put your lawsuit protection strategy in place BEFORE you get sued.  If you try to move and protect your assets after legal proceedings have commenced you will then be in worse trouble because that is called fraudulent conveyance .

Setting up a Lawsuit Protection Strategy 

If you have decided to put a lawsuit protection plan in place before you get sued, you must decide on an offshore jurisdiction.  One of the most effective places to protect your assets from lawsuits is Panama.  Lawsuits are a civil matter and Panama simply does not co-operate with civil lawsuits outside the country.  It is very unlikely anyone will come to Panama to file a lawsuit.  It is many times more expensive to carry out a suit in Panama.  The wheels turn slowly and the assets are likely to be gone long before the the case ever finishes.  Also Panama courts tend to favor a Panama company over a foreign adversary. 

In addtion to the safety of preventing lawsuits, Panama is a tax haven with strict bank secrecy laws.