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May 17, 2018
We had a great turn out for the Annual Meeting in Portland. We inducted the new board members and said thank you to our board members who are leaving for their many years of service to NACM. We also had a wonderful presentation from Bruce S. Nathan, Esq. and Andrew Behlmann, Esq. of Lowenstein Sandler on Protecting Your Company in the Digital Age.
May 17, 2018
Thank you everyone who attended the Membership Meeting in Spokane. We had a wonderful group of people who attended for our education, lunch and fun raffle. Below are just a few of the photos of the fun raffle prizes and people at the event.
Mar 19, 2018
By: David H. Conaway, Shumaker, Loop & Kendrick, LLP
In the Chapter 15 proceeding of Energy Coal S.p.A., the Delaware Bankruptcy Court required a United States creditor to recover its claim in Italy.
Because there is no uniform global insolvency law, and each world country has its own insolvency law, The United Nations Commission on International Trade Law (UNCITRAL) developed the UNCITRAL Model Law on Cross-Border Insolvency (1997) to facilitate cooperation and uniform outcome in cross-border insolvencies. 43 countries have adopted the model law, and the United States’ version is Chapter 15, which is an ancillary proceeding to the “foreign main” proceeding, in this case in Italy. Founded on principles of comity, the U.S. courts assist the foreign insolvency court in cross-border insolvencies.… Read the rest
Mar 19, 2018
Have you ever heard the quote, “If everything seems under control, you’re not moving fast enough?” This reminds me of today’s credit professional. We see today’s average credit department being asked to take on more and more responsibilities that are not specifically credit related. While this might be beneficial for the company, a credit person must remain focused, well educated, and informed to make the best credit decisions. If one is not connected and doesn’t understand the ebbs and flows of the industry they are serving, bad credit decisions will eventually result in problematic collection issues for the business. NACM is the designated resource for individuals to be a better credit person than they were the day before.… Read the rest
Mar 19, 2018
Companies with strong business credit files can reap many benefits, because a business credit file helps convey a company’s image to others. For small businesses and startups especially, establishing a reputation can be an onerous task, but by establishing a reputation with a strong business credit file, entrepreneurs can actually solve many problems at once. Besides helping to establish a reputation, a business credit file can aid funding and contracting efforts, as well as help manage business risk and cash flow.
Because of how important your company’s business credit profile and overall reputation are, adhering to a good credit-building strategy can play a huge role in how your business is perceived by other industry professionals and corporate peers.… Read the rest
Mar 19, 2018
CBA
Mar 19, 2018
In today’s business world, any company doing business internationally must have effective policies in place to comply with United States’ export laws and regulations. If at any time your company engages in trade with another country, it is important to understand the rules that govern such trade and have a compliance policy in place. The U.S. export controls apply to all international business. Penalties for violating them may include criminal prosecution with up to 20 years in jail, denial of U.S. export privileges, and debarment from U.S. government contracts.
In the webinar “End Users, Due Diligence and Necessary Documentation in the Event of an Audit, Best Practices,” hosted by FCIB, presenter Lizbeth C. Rodriguez-Johnson, Esq., of Holland & Hart LLP, outlined what comprises a good compliance policy for companies and the importance of having one.… Read the rest
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