Defending Your Receivable is Our Mission
Legal assistance between Hong Kong and Mainland China has become more and more extensive in recent years. Signed on 18 January 2019, the "Arrangement on Reciprocal Recognition and Enforcement of Judgments in Civil and Commercial Matters by the Courts of the Mainland and of the Hong Kong Special Administrative Region" enables judgments made in Hong Kong to be enforced in Mainland China. Henceforth, by understanding the Mainland's litigation process and legal system, Hong Kong businessmen and foreign investors could leverage this new agreement to mitigate default risks and to protect the businesses when encountering commercial disputes. In this seminar, the speaker will share notable issues relevant to this new agreement when trading and doing business in Mainland China.
In recent years, the operations of different industries around the world have been affected to varying degrees by factors such as trade wars or political factors. The beneficiary enterprises are of course leading the way, enjoying the results; while the affected enterprises are already riddled with sores and are staggering. The arrival of an epidemic has accelerated the demise of these enterprises.
Thank you for your continued support and confidence in RMS.
Hoping the Year of Ox brings you joy, prosperity and happiness.
Under the impact of trade war and epidemic, global enterprises are suffering from the unprecedented impact of the deteriorating business environment and are struggling in this storm throughout 2020. RMS is going to hold a webinar to share how to avoid bad debts and achieve profit gains amid pandemic.
RMS wishes you a Merry Christmas and a prosperous New Year!
Thank you for your trust and support over the past year. All RMS employees are committed to keep providing professional accounts receivable management services to our customers.
Most exporters and traders are eager to do more business, and often, they skipped the Know Your Customer or KYC process (also known as due diligence). The absence of KYC process is estimated to cause the failure of over 20% of collection cases. Besides, company may be unintentionally involved in money laundry or fraudulent cases if the company does not check its trading partners. In this seminar, speakers will discuss how to effectively use the "Collectability Index" to reduce the failure to recover bad debts.
Joint Seminar with Cheng & Cheng Taxation Services Limited : Business Strategy in China – Debt Collection & Taxation
With the frequent trading between Hong Kong and China, local SMEs and foreign investors encounter difficulties such as debt collection and tax issues. iQor RMS HK is going to hold a joint seminar with Cheng & Cheng Taxation Services Limited on October 22, 2020.
In 2020, with the impact from the pandemic outbreak, and the uncertainties of the epidemic trend, countries are encountering an unprecedented crisis as a result of regional lockdowns and restrictive measures. The global economy is suffering a severe recession, with catering, manufacturing and retail industries bearing the brunt of the crisis. The current global pandemic has made it incredibly challenging for businesses to maintain their cash flow. The tide of bankruptcy is on the horizon. Local and overseas companies are concerned about collecting debts from China, as they are unfamiliar with Mainland laws and culture, while the epidemic has caused payment delays. In this blog, we share a recent case in which RMS successfully collected over 1.8 million Euros for two overseas clients from the same Chinese manufacturer, by leveraging our years of collection experience and RMS global network.
Global economy is suffering unprecedented impacts from the escalating international trade tensions and the coronavirus pandemic outbreak, and enterprises of all sizes have been struggling for several months under this "storm". With the pandemic situation gradually easing, countries are finding ways to resume their normal economic activities. In this unprecedented business environment, proper credit analysis and financial management to avoid bad debts and achieve profit gains is a major concern for small and medium-sized enterprises. The Consultant of iQor RMS Mr. Norris Chan is cordially invited by Hong Kong General Chamber of Commerce (HKGCC) to hold a seminar on July 17 to share on this. Seats are limited. Register Now!
iQor RMS had jointly held a webinar with Hong Kong General Chamber of Commerce on “Debt Collection in China: Collection Process, Litigation & Arbitration” on April 16, 2020. With the impact from the current Covid-19, the virtual seminar was successfully launched via Zoom.
Photo by Jeffrey Swanson on Unsplash
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