One day, a textile product trading company received a phone call from one of its suppliers: the caller mentioned that their factory was relocated, and their bank account was changed. The supplier asked to wire the payable balance to their new bank account. The CFO of this trading company recalled that he read an article about a similar case in which the subject company was caught in trouble because they wired money into the trading partner’s new bank account. What should the CFO do in this case?
In North America and Western Europe, you seldom see a seal (or stamp, or chop) on an invoice. Yet this is a standard business practice in Taiwan. Legally, what does the seal mean? How many seals must a company have?
Understanding the definition of SMEs in Taiwan is important because it helps to plan for the sales & marketing, and credit management tactics in the region. Would it be possible that more than 80% of the companies in Taiwan are SMEs?
After considerable amount of effort, Happy Customers Faster Cash China edition has been published. This book is invaluable for people practicing credit management and collection in China. Statistics of the payment behavior of Chinese companies are provided by Atradius, Huaxia Dun & Bradstreet, and RMS to help you get the real picture in China.
China Supreme People 's Court: Illegal Sale of Personal Data Can be Sentenced if Profiting 5,000+ Yuan
On May 9, 2017, the China Supreme People's Court and the Supreme People's Procuratorate jointly issued the "Interpretation on Issues Concerning the Application of Law in the Criminal Cases of Infringing Citizens' Personal Data" to further clarify the definition of personal data, clarified the conviction and sentencing standard, clarified the standard of conviction and sentencing for the illegal purchase and legitimate operations involving personal data, and clarified the calculation rules of the quantification of personal data involved. Click to read the official announcement: http://www.spp.gov.cn/xwfbh/wsfbt/201705/t20170509_190088.shtml
Alexander has over 25 years of experience in Business Information Management and Information Technology. Previously, he has held leadership positions in the world’s leading Business Information providers, including Managing Director of Thomson Reuters Asia, and General Manager of Dun & Bradstreet (D&B), Hong Kong and Taiwan. In addition, he personally managed Hong Kong's Commercial Credit Bureau while working with D&B, and the Consumer Credit Bureau through his directorship at TransUnion Limited.