The anti-epidemic measures and tight border policies adopted in Hong Kong since the outbreak of Covid-19 might have posed pressure on the local economy. In addition, a series of measures introduced by the Hong Kong government in order to alleviate the difficulties of enterprises, such as the Employment Support Scheme (ESS) and the temporary protection measures in the form of a rental enforcement moratorium were ended in July. Many businesses were expected to suffer issues such as receivables recovery, financial difficulties with rental and salary payment and leading to business closures. To recover account receivables and outstanding invoice payment, it is often necessary to consider taking legal action as a solution. Considering the complexity of the legal recovery process, litigation cost and time, together with the impact relating to the company goodwill, a sound legal collection plan is necessary.In this seminar, the speaker will share his knowledge to help creditors to better understand their rights and choices in legal recovery process, and develop a sound recovery plan and solution.
By leveraging RMS Global Recovery Service, RMS has successfully recover an outstanding debt of HK$2.5M on behalf of a client, an Asian manufacturer of specialized electronic parts and equipment, from a U.S. based consumer electronics distributor.
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