Prne
September 27th, 2009
AMSTERDAM -
- The Volatility of the European and International Payment Landscape Over the Past Year Brings Debt Collections to the Top of the Businesses’ Priority List
- The Diversity and Complexity of Country Specific Procedures, Legislation and Cultural Approaches Present a Major Challenge for Companies
Atradius Collections, the global expert in domestic and cross-border debt collections, releases today its comprehensive resource bank on debt collections procedures and practices around the world.
The International Debt Collections Handbook, accessible via the company website (www.atradiuscollections.com) covers all the facets of collections process - from different stages of amicable settlement to legal proceedings, and all the governing country specific judicial and financial regulations.
“There are endless variations between countries in payment practices and legislation relating to data protection, debtor protection and collection procedures”, said Rudi de Greve, Atradius Collections’ Global Operations Director. “In some countries it is possible to claim interest on late payments, in others it is prohibited by law. A personal visit to the debtor is a common practice in some areas, whilst it would be seen as offensive in others. In some regions, the collections focus is on negotiation out of court due to the complexity of the legal system, while elsewhere, legal action is readily available.”
“The International Debt Collections Handbook, released today, makes all this information available and accessible to businesses to help them select the right approach to debt collection in the countries of their operation, and as a result, improve and strengthen their cash flow,” added Mr de Greve.
The Atradius International Debt Collections Handbook gives companies comprehensive account of local insolvency procedures and steps to take to recover debts from insolvent companies. With the forecast bankruptcy growth of 35% worldwide compared to the previous year, Atradius Collections is additionally offering its customers a full service insolvency product which includes a lodging and monitoring service for debts by insolvent companies with the goal to recover partial payment or dividend on behalf of the customer.
About Atradius Collections:
Atradius Collections, a business unit of credit insurer Atradius, provides efficient, quick and flexible solution to recover domestic and international trade debts. With a global network of collections specialists, lawyers and insolvency practitioners worldwide, Atradius Collections serve over 12,000 customers handling on average 100,000 cases a year. Over 80 years of worldwide credit management industry experience uniquely position Atradius Collections as a global leader in business-to-business debt collections.
Source: Atradius N.V.
For further information: Natasha Pearson, e-mail: natasha.pearson at atradius.com, +31-20-553-3028; Joanne Aaron, +44(0)2920-824873, e-mail: joanne.aaron at atradius.com
Filed under Banking and Financial Services, Business, Entertainment, Media, Multimedia / Online / Internet, New Products / Services | Tags: Amsterdam, Atradius N.V., Netherlands | Comment Below
Related Press Releases Mont Charles de Monaco Launches High Fashion Signature Handbag Collection at Galeries Lafayette During Paris Fashion WeekOctober 6th, 2009 MONTE CARLO, Monaco - Mont Charles de Monaco, the premier high fashion label of the Principality of Monaco, has chosen Galeries Layfayette, Paris's leading luxury fashion department store, in order to enter the French market for its glamorous signature "Haute Maroquinerie" handbag collection. (Photo:
(Photo:
(Photo:
(Logo:
Amidst the unique creativity of Paris Fashion Week, Mont Charles de Monaco launched its in-store boutique on Galeries Lafayette's superb luxury ground floor, below the beautiful glass dome built by famous French designer Louis Majorelle. Robin Akeroyd, Managing Director of Crocs Europe, Comments on Quarter 2 EarningsAugust 6th, 2009 THE HAGUE, The Netherlands - "We are completely free of bank debt and have US$77.5 million in cash and cash equivalents. We are on track with re-structuring activities in Europe necessary due to the economic downturn, a previous high growth spiral and sufferings from parallel imports and knock-offs. Leading Global Financial Services Firm Selects iLevel Solutions' Portfolio Company Reporting SystemJuly 28th, 2009 NEW YORK -
- Integrated Solution Streamlines Portfolio Data Collection and Provides Advanced Investment Analysis On-Demand
Morgan Stanley Private Equity (MSPE), part of Morgan Stanley Investment Management's Merchant Banking Division, has selected iLevel Solutions' Portfolio Company Reporting System (PCRS) for advanced portfolio performance analysis. iLevel's configurable, Web-based solution will be used as MSPE's core portfolio management system helping MSPE to facilitate timely, accurate, and transparent financial reporting. Parascript Signature Verification Technology Used by Moscow Law Firm to Detect Signature Fraud in US$160,000 Debt Collection CaseJune 21st, 2009 BOULDER, Colorado - - Results from Parascript SignatureXpert confirm that signatures on financial documents were fraudulent, and enabled the Arbitration Court of Moscow to initiate forensic examination and expert study --
Parascript, LLC, the image analysis and pattern recognition technology provider, today announced that it has partnered with the Moscow Law Firm "Gareev, Muslov, and Partners" to implement Parascript SignatureXpert software in formal arbitration proceedings. Recently, Parascript's signature verification software was used to detect fraudulent signatures on certain financial documents in a major debt collection case in Moscow, Russia leading to the recovery of US$160,000 from fraudulent activity related to the delivery of saw-timber materials. Disability Rights Handbook - Everything You Need to Know About Welfare Benefits and Tax Credits in One BookMay 26th, 2009 LONDON - Disability Alliance is publishing the Disability Rights Handbook this week. Now in its 34th edition, the Handbook provides comprehensive information and guidance on benefits and services for people with a disability or health condition. UK Payment Practices Suffer in the Economic DownturnMay 13th, 2009 AMSTERDAM - Latest Figures Show That UK Businesses Rate the Payment Practices of Their Foreign Business Partners in a More Positive Light Than Those of Their Domestic Counterparts. The "Atradius Payment Practices Barometer", a twice-yearly survey amongst 1,800 firms in nine European countries (Belgium, Denmark, France, Germany, Great Britain, Italy, the Netherlands, Spain and Sweden), conducted for Atradius by the market researcher Heliview, reveals:
Foreign companies rated highly for their payment practices
- About 70% of British companies evaluated their foreign business partners' payment practices as being "good, "very good" or "excellent". Louis Vuitton: Cannes Film Festival 2009May 13th, 2009 PARIS - On the occasion of the opening ceremony of the 62nd Cannes Film Festival, the actress and member of the jury, Robin Wright Penn, wore diamonds and white gold earrings, and a bracelet from Les Ardentes collection. To view the Multimedia News Release, please click: www.prnewswire.com/mnr/louisvuitton/38364/
Les Ardentes collection is characterised by two new cuts of diamond representing the flowers of the Louis Vuitton Monogram. European Payment Practices WorsenMay 13th, 2009 AMSTERDAM - European businesses rate the payment practices of their domestic and foreign business partners less positively in early 2009 than in summer 2008, and receive a negative evaluation of their own payment practices from their international business partners. Despite a substantial worsening of the European and international payment landscape over the past six months, notable differences between countries remain. Etam Swimsuit Collection Summer 2009April 6th, 2009 PARIS - Etam's swimsuit collection for Summer 09 is a modern interpretation of the eternal feminine. To view the Multimedia News Release, go to:
www.prnewswire.com/mnr/etam/37703/
All of the different silhouettes and necklines are included in this summer's collection: from the modest Italian-style bikini to the draped glamour of the femme fatale. Baby Meets Fashion: Quinny Collaborates With Danish Multitalent Henrik VibskovMarch 16th, 2009 HELMOND, The Netherlands - 'Quinny by Henrik Vibskov': Exclusive Designer Collection With Unique
Signature
Quinny, the leading Dutch label of innovative and trendy prams
and pushchairs launches a strictly limited designer collection. Danish
fashion designer, musical artist and filmmaker Henrik Vibskov has designed a
number of exclusive products that combine his distinct and stylish signature
with revolutionary Quinny technology.
Related News Mischa Barton launches website to promote her collectionJanuary 12th, 2009 LONDON - Actress Mischa Barton, best known for her role in the television series 'The O.C.', has launched a website to support her handbag collections. Her bag collections include totes, drawstring shoulder bags and clutches and are available on her website www.mischabartonhandbags.com
'This time the collection is an extension of my debut collection,' vogue.co.uk quoted Barton as saying. Perdue signed NC law boosting consumer protections on foreclosures, debt collectionsSeptember 9th, 2009 NC Gov. Perdue signs beefed up consumer protectionRALEIGH, N.C. — North Carolina consumers soon will have new protections from foreclosures and intimidating debt collection practices. Anita Dongre shoots for her upcoming collection in MumbaiAugust 29th, 2009 MUMBAI - Fashion Designer Anita Dongre shot for her upcoming collection of Indo-western apparel personifying the best of both in Mumbai on Saturday. The collection impeccably blends, cuts, colors, embellishments and the vibrancy of the Indian fabrics and consists of funky T-shirts with Indian motifs, block printed kurtas to colourful bags and jewellery. Models display Nita Lulla's collection at Lakme Fashion WeekMarch 30th, 2009 MUMBAI - Layers, frills and skirts, with 'feminity' written all over in bold letters, highlighted Nita Lulla's collection displayed at the Lakme Fashion Week.ulla's collection, represented eco-friendly organic line, was displayed here last evening. "This entire collection has a sense of Indianism to it but its more projecting contemporary India. Direct tax collections up nearly 4 percentJuly 22nd, 2009 NEW DELHI - India's net direct tax collections increased 3.65 percent in the first quarter this fiscal, but the growth was stymied on account of a 52-percent jump in refunds and lower corporate tax collection, the government said Wednesday. Net direct tax collections during first three months of the present fiscal stood at Rs.59,465 crore ($11.9 billion), up from Rs.57,373 crore ($11.5 billion) in the same period last fiscal, a finance ministry statement said. Designer Anjana Bhargava showcases her ensemble in KolkataApril 4th, 2009 KOLKATA - A saturday afternoon crowd at the KOlkata Fashion Week was treated to a stunning collection from designer Anjana Bhargava. Bhargava presented modern clothes, immensely wearable, in silk, pashmina, chiffon and wool. New York AG sues 35 law firms over debt collection mess, wants 100,000 legal judgments tossedJuly 22nd, 2009 NY sues 35 law firms over debt collection messNEW YORK — New York's attorney general is suing 35 law firms over what he says were botched attempts to collect debts from thousands of people. The lawsuit seeks to overturn nearly 100,000 legal judgments entered against people who failed to respond to court claims over their debts. Indian designs popular at Lakme Fashion WeekMarch 28th, 2009 MUMBAI - Fashion designer Sabyasachi Mukherjee showcased his Fall/Winter 09 collection at the ongoing Lakme Fashion Week here last evening. Sabyasachi's collection was like a storm of Indian traditional designs. Kolkata fashion show remembers Mumbai terror attacksApril 4th, 2009 KOLKATA - Fashion designer Narendra Kumar showcased his collections inspired by the gloomy days during the last year's Mumbai terror attacks at the ongoing Kolkata Fashion Week (KFW). According to the designer, his superb black and white collection was dedicated to the victims who lost their lives in the terror attack. Economy outlook brightens, tax collection up 17 percentJune 5th, 2009 NEW DELHI - In yet another sign of the economy clawing back, direct tax collection in May rose to Rs.11,919 crore compared to the Rs.10,198 crore raised in the year-ago period when the global meltdown was still to hit India. This rise of about 16.88 percent is also in sharp contrast to the 3.19 percent negative growth witnessed in April.
|
|
