New position paper „Regulating collection of receivables“

Collection of receivables is a prerequisite for normal functioning of any enterprise, regardless of its size. Debt defaults have negative effects, often causing creditor companies themselves to become debtors because of debts owed to them. This leads to frozen accounts preventing normal business and infrequently causing bankruptcies and striking of enterprises from appropriate registries.

The position paper emphasises negative consequences of defaults on delinquent debtors themselves, as well as on non-delinquent debtors, companies, the economy as a whole and ultimately on the rating of the Republic of Croatia in the EU and globally. The position provides examples taken from other European countries where the issue is perceived differently and where the problem of debt defaults is kept under control as well as methods employed to achieve and maintain that. An additional emphasis is placed on collection of receivables as a method helping the entire economy to maintain its stability and performance in the long run.

AmCham's position paper „Regulating collection of receivables“ is available here.