Debt Collections Handbook Hong Kong 2018

Debt Collection Handbook

  • Hong Kong
  • Agriculture,
  • Automobile/Transports,
  • Chimique/Pharmaceutique,
  • Construction/BTP,
  • Biens de consommation durables,
  • Electronique,
  • Services financiers,
  • Agroalimentaire,
  • Economie de l'information,
  • Mécanique/Ingénierie,
  • Métallurgie,
  • Papier,
  • Services,
  • Sidérurgie,
  • Textile

24 sept. 2018

Having drawn from the expertise of Atradius Collections' local offices, the International Debt Collections Handbook explains the different regulations and procedures for debt collections in Hong Kong.

Amicable collections

General information

 

 

 

 

 

 

 

 

Atradius Collections deals directly with the collection processes through our experienced and professional debt collectors. Hong Kong is a cosmopolitan city with a mix of foreign and local capital companies from large multinationals to small and medium enterprises. Our collectors are proficient in determining the best strategy to pursue payment from many different types of debtors. The legal languages are Chinese and English, with Cantonese as the country’s most widely spoken language, and traditional Chinese the most common written language. All written correspondence is sent to debtors in English. Hong Kong has a small geographical area, and our collectors can perform site visits to debtors if the situation requires it.

Local agents

We can use a local agent or a local debt collection agency (LDC) to trace the status of the debtor and make a site visit to them if appropriate. A trace report is used to find out all information on the debtor, such as if the debtor is still trading and the number of staff the debtor has in their office. As well as producing a trace report, the LDC can also help collect monies.

Interest

There is no statute or regulation that governs interest charges. They are freely negotiable between the buyer and the seller and should be clearly stipulated in the contract. It is not common practice to charge late payment interest during the amicable phase, as debtors usually refuse to pay.

Debt collection costs

In Hong Kong, debt collection costs are not chargeable to debtors unless stipulated in the contract or obtained by a judgment from the court.

The Debt Collections Handbook presents a snapshot of Hong Kong's economic situation and covers the following topics:

  • Accepted and most common payment methods
  • Retention of title
  • Legal procedures
  • Enforcement in debt
  • Insolvency proceedings

To read more about steps and procedures undertaken in debt collections in Hong Kong:

 

 

Download Debt Collections Handbook Hong Kong now!

 

Avertissement

Les informations figurant sur ce site sont uniquement fournies à titre indicatif et ne doivent pas être utilisées à d’autres fins que celles mentionnées. Nous vous remercions de bien vouloir vous reporter aux réglementations et accords en vigueur. Aucune information ne peut être considérée comme créant un droit, une obligation ou engageant la responsabilité d’Atradius y compris pour juger de la moralité d’un ou de plusieurs acheteurs. Si Atradius juge de la moralité d’un acheteur, elle le fait pour le compte de son arbitrage et en aucun cas au bénéfice de ses assurés ou toute autre personne. En aucun cas, Atradius, ses partenaires ou sociétés apparentées, agents ou employés, ne pourront être tenus responsables envers les lecteurs ou toute autre personne pour toute décision ou mesure prise sur la foi des informations contenues dans ces pages, ou pour tous dommages indirects, particuliers ou similaires, même si ces personnes ont été avisées de l’éventualité de tels préjudices.