Forum on Legal Methods of Debt Collection in Taiwan

On 25 April 2008, Formosa Transnational held a forum for Japanese corporations on the subject of debt collection practices in Taiwan. The three-hour long forum started at 14:00 at the Howard International House in Taipei and was conducted entirely in Japanese. Issues regarding debt collection practices, as well as legal methods of achieving successful debt collection results, were addressed at the forum.

Attorney Henry Hau-Min Rai, the current director and a founding partner at Formosa Transnational, delivered an opening speech to welcome all of the participants. Legal consultant Rick K. Lee then delivered a speech on "Preservation Proceedings in Debt Collection Cases" and Partner Sam-Rong Hwang spoke on the subject of "Non-litigious Resolutions in Debt Collection", in which he discussed such methods as applying for issuance of a payment order and credit assignments. Partner Wen-Yueh Chung then addressed the forum participants on the topic of "Key Points in Debt Collection Litigation", which was tailored specifically to Japanese corporations in Taiwan. After these three speeches on different aspects of debt collection were given, a final question and answer panel discussion was held and concluded the forum.

Seventy-four representatives from various Japanese corporations in Taiwan had registered for the forum, and sixty-two were able to attend. According to the questionnaire responses of the participants, the forum provided comprehensive and useful information to the participants and many participants indicated strong interest in attending similar forums in the future. The forum was deemed successful in providing participants practical knowledge regarding the control and handling of debt collection, and was regarded as very helpful to Japanese companies doing business in Taiwan. Formosa Transnational appreciates the attendance of all of the participants, and will continue to hold similar forums to discuss different issues and Taiwan laws to assist Japanese corporations in Taiwan.
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