1. What is Corporate Law? Corporate law, also known as company law or business law, involves the legal principles and regulations governing the operations of corporations. It encompasses a wide range of legal issues related to corporate governance, corporate finance, intellectual property, mergers and acquisitions, compliance, and dispute resolution. The core function of corporate law […]
In today’s global financial landscape, credit rating agencies (CRAs) play a pivotal role in evaluating the creditworthiness of governments, corporations, and financial instruments. These agencies provide investors with crucial insights that influence lending decisions and market stability. As a result, regulatory frameworks have been established worldwide to ensure the transparency and accountability of CRAs. One […]
What Are Financial Rights? Financial rights are the legal entitlements that allow individuals or entities to access, manage, and protect their financial resources. These rights are crucial for empowering people to participate fully in the economy, make informed financial decisions, and seek redress if their rights are violated. These rights often include the right to: […]
1. Initial Collection Efforts (Pre-Legal Phase) Before resorting to legal action, many creditors attempt to recover the debt through informal means. This stage involves various efforts to encourage the debtor to pay voluntarily. These efforts can include: a. Contacting the Debtor Phone Calls and Emails: The first step often involves reaching out to the debtor […]