Atradius Collections Issues an Expanded International Debt Collections Handbook Covering China and Hong Kong

Amsterdam (ots/PRNewswire) - For a first, the
International Debt Collections Handbook includes dedicated reports on
China and Hong Kong. The fourth edition has been released today by
Atradius Collections.

The International Debt Collections Handbook has established
itself as an essential tool for businesses making decisions on
international collections, as well as for any employee working in
credit management. It is written by experts in country-specific debt
collection procedures and legislation. Their expertise is based on
years of experience and collecting internationally for Atradius
Collections. In total the handbook includes 28 countries and covers
the different stages of amicable settlement, financial regulations
around collections, legal proceedings and insolvency procedures.

The latest edition puts a new focus on Asia, highlighting many
essential country-specific facts about Chinese debt collections. A
regulation from the 19th century makes running a debt collects
business in the People's Republic of China not yet officially
allowed. Only lawyers or authorized persons can carry out collections
activities or business locally. Therefore, many companies choose to
collect debt in China through a collections agency with operations in
Hong Kong.

In Hong Kong, under the 'One country, two systems' principle, its
Common Law system which was inherited from the UK remains valid. Debt
Collections businesses are therefore legal. "International clients
needing to collect from Chinese debtors will find it a practical
solution to seek support from a Hong Kong office," says Tony Au
regional manager of Atradius Collections Hong Kong office. "Hong Kong
offers the benefit of proximity to Chinese culture and mentality.
Next to English, Hong Kong also has Chinese as a legal language. This
makes it easy for all parties involved: collection agencies speak
Chinese as well as are able to serve international clients in
English, increasing the chances of successful collections."

More findings around collections in China, Hong Kong and 26 other
countries throughout Europe and the Americas can be found in the
International Debt Collections Handbook available for downloading at
http://www.atradiuscollections.com.

About Atradius Collections:

Atradius Collections, a business unit of Atradius Group, provides
efficient, quick and flexible solution to recover domestic and
international trade debts. With over 400 staff in 20 offices and an
extensive network of collections specialists and lawyers worldwide,
Atradius Collections serves more than 12,000 customers and handles,
on average, 100,000 cases a year. Over 85 years of global credit
management industry experience, uniquely positions Atradius
Collections as a worldwide leader in business-to-business debt
collections. Please visit http://www.atradiuscollections.com for more
information.

ots Originaltext: Atradius N.V.
Im Internet recherchierbar: http://www.presseportal.de

Contact:
Press contact : Corinna M. Lohse, corinna.lohse@atradius.com,Phone:
+31-20-553-3028