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iQor RMS has held a seminar “Make Use of 2019 New Agreement: Enforce Hong Kong Judgments in Mainland China to Mitigate Risks of Doing Business in the Mainland” on June 20th, 2019 at Hong Kong General Chamber of Commerce (HKGCC) Chamber Theatre. The seminar was hosted by iQor RMS Senior Consultant Mr. Norris Chan and Yingke Law Firm lawyer Ms. Su Ping.
iQor RMS had reviewed in its earlier blog in regard the latest news of legal collection in China. Hereby we would like to share the current credit and recovery risks in doing business with the mainland China, and the various provisions of services/reports that help to mitigate risks in dealing with this market.
The jewelry industry is notorious for its inconsistent pricing model stemming from the difficulties to authenticate its genuineness and quality control standard. As a result not many insurance companies are willing to provide sufficient insurance coverage in this segment. Lacking insurance protection, small and medium jewelry suppliers might expose to various threats including payment risks. Thus receivable collection services is always an indispensable tool for the jewelry industry to recover its overdue debts. In this blog, we share a successful case where a local jewelry supplier approached iQor RMS to collect a large amount of debts from a US jewelry buyer.
Photo by Jeffrey Swanson on Unsplash
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