You may find yourselves exhausted or having spent a significant amount of legal fees to deal with bad and doubtful debts, but in vain. Many companies are still encountering cash flow challenges at present, although the HKSAR government seeks to promote economic revitalization after the pandemic. In the phase of transformation and rebuilding of the global economy, Hong Kong companies seeking new business opportunities must ensure that their business partners and clients could maintain a healthy financial condition, so as to enable an efficient management of accounts receivables. In this seminar, speakers from iQOR RMS - one of the world's leading debt recovery providers, together with the International Professional Mediation Association – a professional mediation consulting organization, will share the international debt recovery experience and the latest big data on the collectability index for the first three quarters of 2023. They will shed light on how commercial mediation can diplomatically resolve debt disputes. Participants will learn how to strengthen the corporation's recovery capabilities and prevent losses from bad debts.
No matter what field you are working in, a corporation will always be involved in both buying and selling activities in different business processes. Any of the roles may encounter trade risks. Therefore, it is important to know how to prevent and manage these risks. In this seminar, speakers from IQOR RMS -one of the world's leading debt recovery providers and Nova Credit -a global business information supplier, will share their insights on the current global business environment. They will also advise some approaches which can be used to analyze the background and latest situation of the counterparty. Furthermore, speakers will explain how to use big data to assess trade risks and prevent bad debt risks, as well as manage every transaction effectively.
The anti-epidemic measures are being further relaxed, the Central Government and the HKSAR Government advocate the business community to look for business opportunities around the world for economic recovery. In this seminar, speaker will share the IQOR RMS's global recovery experience and its exclusive big data analysis from the perspective of the latest global economy in the world (including China, Britain, the United States, Japan, ASEAN, and the European Union), help participants to define the financial status of their target partners; hence, to monitor and reduce the bad debt risk effectively.
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.
A few companies in Mainland China might have been unable to operate normally, or even turned into bankruptcy due to the recent Covid-19 pandemic. Yet, crises can turn into new opportunities - we believe that new investment opportunities will inevitably emerge after the pandemic. In this seminar, the speakers will explore the issues of business operation in China, they will tell participants how to choose China business partners, how to remit profit from China, and talk about the related tax issues.
RMS HK is going to hold a joint seminar with the Support and Consultation Centre for Small and Medium Enterprises (SUCCESS in short) of the Trade and Industry Department (TID) on July 22, 2022, to share on the Successful Tips on Overseas Debt Collection amid the Pandemic. Admission is Free. Interested persons are welcome to attend.
The ongoing Covid-19 pandemic has been affecting the global economy for nearly two years. Overall, the global economic outlook is still considering as "extremely high uncertain" when economic activities are closely engaged with the development of the pandemic. In this seminar, speakers will explain how to use reliable data to make accurate judgments and prevent different types of business risks in an era of information overload.
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.
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