WEBINAR

Credit Control & Debt Recovery

Date: 24 July 2020

Duration : 14:00 – 17:00

Introduction

Trainer

Ever since the recent economic crisis, many companies have been forced to focus almost exclusively on survival and the management of credit recoveries. Effective credit control management includes the litigation option, which may help to improve cash flow and business profitability in these times of uncertainty.

This workshop is designed to help companies understand the different debt recovery strategies which are commonly used, so that they can deploy such knowledge effectively in their credit recovery activities.

More importantly, the session will also impart closely-guarded knowledge on the court process and how professionals like lawyers perform their credit recovery services on behalf of their clients in the event that all other strategies have proven to be futile.

Learning objective

  • The different credit recovery techniques that are commonly used.

  • Practical tips on drafting letters of demand for different scenarios

  • Practical tips on drafting settlement and/or installment plan

  • Overview of the litigation process in Singapore

  • Evaluating the legal options available and step-by-step litigation guide for credit recovery

  • Different methods of enforcement of judgment debts

  • Planning and preparation for litigation and budgeting for legal costs.

  • Effectiveness of the litigation process

Mr. Patrick Tan

Founder and CEO of 

Fortis Law Corporation

 

Patrick Tan is the founder and CEO of Fortis Law Corporation. His areas of practice include commercial litigation and arbitration, wealth management, and private client matters. He is a Notary Public Commissioner for oaths, a Fellow of the Singapore Institute of Arbitrators, as well as an accredited Associate Mediator, appointed by the Singapore Mediation Centre and the Primary Dispute Resolution Centre of the State Courts of Singapore. He obtained his LL.B. (Hons) at the Nottingham University, where he received top hon-ours, clinching several academic awards in land law, company law and partnership law.