Managing Payment Risks and Credit Recovery with Chinese Companies

International Business Advisory Manager of South China and Hong Kong - Guilherme Campos and Assistant Manager of Corporate Accounting Services in Shenzhen - Lynn Shen are going to speak at the webinar “Managing Payment Risks and Credit Recovery with Chinese Companies” on June 22^nd from 15:30 (Beijing Time) / 9:30 (Rome Time), organized by the China-Italy Chamber of Commerce and Confindustria.

During this webinar our experts will train companies on how to deal effectively with cross border payments and contractual terms in doing business with China.

The following aspects will be covered:

• preliminary information collection on business partners, cross border payments formalities, contractual payments
• foreign exchange regulatory framework and its impact on cross border payment terms and guarantees
• credit recovery actions and dispute resolution 

The full agenda of the event is available below: 

Agenda:

(Beijing Time) 

• 15:30-15:35 Welcome Greetings - Paolo Bazzoni, Chairman, China-Italy Chamber of Commerce
• 15:35-15:40 Welcome Greetings – Raffaele Langella, Direttore Area Affari Internazionali Confindustria
• 15:40-15:45 Presentation Intellectual Property Working Group (IPWG)
• 15:45-16:05 Know your Partner, Cross-Border Payment Formalities and Contractual Terms
  - Guilherme Campos, International Business Advisory Manager, Dezan Shira & Associates
  - Lynn Shen, Assistant Manager Corporate Accounting Services, Dezan Shira & Associates
• 16:05-16:25: Navigating China Cross-Border Foreign Exchange Transactions, Elaine Feng, International Business Department, Bank of Shanghai Headquarters
• 16:25-16:45 Credit recovery in China - Matteo Zhi, Senior Partner, D’Andrea&Partners Legal Counsel
• 16:45-17:00: Q&A 

【Presentations’ details】

1) First presentation: Know your Partner, Cross-Border Payment Formalities, Contractual Terms

Speakers:

Guilherme Campos, International Business Advisory Manager, Dezan Shira & Associates

Lynn Shen, Assistant Manager Corporate Accounting Services, Dezan Shira & Associates

• Preliminary Information Collection on Chinese business partners: sources, information available, risk evaluation;
• (Contractual) payment and related terms (governing law and dispute resolution method will be discussed in the third presentation);
• Documents needed to make or receive cross-border payment in China;
• Applicable withholding tax (deductions) on payment for services to Chinese entities.

2) Second presentation: Navigating China Cross-Border Foreign Exchange Transactions 

Speaker: Elaine Feng, International Business Department, Bank of Shanghai Headquarter

• Overview of the foreign exchange regulatory framework;
• Impact of the foreign exchange regulations on:
  • cross-border payment terms;
  • letter of credit,
  • performance bonds, and
  • guarantees issued by Chinese entities for the benefit of a foreign entity  

3) Third presentation: Credit recovery in China 

Speaker: Matteo Zhi, Senior Partner, D’Andrea&Partners Legal Counsel 

• Credit recovery out of court (credit recovery attempts, demand letters);
• Credit recovery and litigation: arbitration vs tribunal; property preservation measures; costs;
• Credit recovery in the event of fraud.

Moderators:

Carlo Geremia, IPWG Coordinator 

Language: English 

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