In the construction industry, delays in payment by the main contractor to the subcontractor are common and can have serious impacts on the subcontractor’s operation and finance. When faced such a situation, the subcontractor must take certain steps and develop...
In order to maintain a stable cash flow in business operations and minimize risks, businesses need to have an effective mechanism to control existing and potential future debts. In this article, TNTP lawyers will provide businesses with perspectives on the importance...
The methods of realizing mortgaged assets can be agreed upon by the parties when entering into the mortgage contract, or agreed upon when they need to realize the mortgaged assets. The agreement will be prioritised for application. Article 303 of the Civil Code 2015...
Mortgage is a measure to ensure the implementation of obligations which is popularly applied in current practice. This measure is often used in the loan procedures at the Bank through Credit Contracts or Mortgage Contracts to ensure their loan. However, many disputes...
When it comes to debt management, we often think of debt management of private enterprises. However, the debt management activities of state-owned enterprises are specifically regulated by law in many legal documents. In this article, TNTP’s lawyer will provide the...
Debt recovery is an activity that requires coordination and connection between different departments and divisions of the enterprise to achieve the highest efficiency. Accordingly, the accounting department directly grasps data on proceeds, total revenue, as well as...
