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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.
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.
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.
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!
With the intensive trading between Hong Kong and China, delinquent debt receivables are often the going-concern for Hong Kong traders as well as foreign investors, who encounter difficulties with recovering receivables in mainland China. A specialist from RMS will highlight how to recover debt receivables in China through litigation, non-litigation as well as arbitration approach. He will also introduce key facts within the Chinese Bankruptcy Law and the Civil Procedure Law of China, and analyze each option, their respective advantages and limitations. Recent real case studies will be shared to facilitate the understanding of the debt recovery know-how in mainland China. Business executives, SMEs, factory owners and all interested individuals are welcome to join the seminar.
iQor RMS will hold a Corporate Risk Management seminar at Canton Trade Fair on October 25th, 2019. Attendees include traders, SME and foreign enterprises etc. The ongoing trade war combining with political and currency risks factors have impacts increasing bad debts of traders. During the seminar, RMS senior consultant, Mr. Norris Chan, will analyze the global economic situation, share mitigating risk advices, managing accounts receivables, and introduce how iQor RMS resources and international network could assist in overseas debt management and recovery. Don’t miss the seminar and register asap!
The development of mutual legal assistance between HK and China helps to build a more sophisticated mechanism. The Agreement signed on January 18th 2019 has positive impacts on HK traders and foreign investors because Hong Kong judgment could be enforced in China, and vice versa. The Consultant of iQor Receivable Management Services (HK) Ltd (RMS) Mr. Norris Chan and the Partner of Beijing Yingke Law Firm Ms. Su Ping were cordially invited by Hong Kong General Chamber of Commerce (HKGCC) to hold a seminar on June 20 to analyze how to enforce Hong Kong Judgment in China to mitigate risks of doing business in the Mainland.
Hong Kong adopts a risk-based approach in the supervision of financial institutions and designated non-financial business and professions. As per the Anti-Money Laundering and Counter-Terrorist Financing Ordinance, financial institutions and designated non-financial business and professions (i.e. legal professionals, accounting professionals, estate agents and trust or company service providers, a.k.a. TCSPs) must comply customer due diligence (CDD) requirements and are subject to the supervision from the associated authorities. For TCSPs, the scope of regulations covers not only the business activities of their professional works but also the associated financial activities such as debt collections. The consultant of iQor Receivable Management Services (HK) Ltd (RMS) Mr. Norris Chan and the CEO of the FaBuTX Limited Alexander Lo were cordially invited by Hong Kong General Chamber of Commerce (HKGCC) to hold a seminar on March 8 to analyze TCSP expectations and share the valuable experiences regarding the formulation of strategies to reduce the risk of bad debts. Seats are limited on a first-come, first-served basis. Register Now!
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