Newsletter

Dear members,

our Turkish member, ARS Consultancy ( www.arsconsultancy.com)  writes a blog where different topics are covers, such as Tips for when your Turkish members delay payment or Increase your profits by reducing the risk. To check out their blog see here https://arsconsultancy.com/category/blog/

All the best,

Veronica

Dear members,

attached are the results of the survey we sent out earlier this year, as well as a letter from our President Bill Mann. Many thanks to those of you that took the time to answer, as many as 60% of our members have answered the survey!

LIC Data Survey results – presentation

Newsletter LIC Data Survey Summary July 2020. Final version

Have a great week ahead!

Best regards,

Veronica Haga

LIC General Secretary

WHY SHALL WE NOT IGNORE THE GDPR COMPLIANCE?

Our member, Christophe Nobilet from France Creances held a very interesting talk at the GA in Athens regarding GDPR. What is it, what does it mean for our industry and why we should not ignore it. We have asked him to write up a short note on this so that we could send out to everyone and he has been kind enough to do so.

https://www.gestioncreditexpert.com/en/solutions/debt-collection

2019_10_03_GCE_FCR_LIC_WHY NOT IGNORING GDPR_CN_V1 (1)

The leading Estonian debt collection company Julianus Inkasso acquired on 12.08.2019 100% of the shares of a competing collection company Lowell Eesti AS (formerly Lindorff Eesti AS). Business combination allow you to provide better service to our customers.

“The collection business is a business of applying volumes and different experiences,” said Ülar Maapalu, Chairman of the Management Board of Julianus Inkasso OÜ. “Julianus Inkasso has achieved a significant volume today, and we are pleased to include Lowell Estonia’s experience in process management and provide our clients with an even more efficient credit management service. We have been seriously developing our IT capabilities in recent years, and we hope to achieve strong synergies that will make our work more efficient in different claims. ”

“As a result of the transaction, we will acquire over 60,000 new active debt claims, and as a result, Julianus will have the largest debtors database in Estonia,” Maapalu noted. “An advanced database enables you to make the most accurate and fair decisions about payment solutions and to work with our customers and debtors.”

Lowell Group acquired Lindorff Eesti AS in Estonia in 2016 and has decided to leave the Estonian market by today,” said Petri Koivunen, CEO of Lowell Eesti AS. “The transaction allows us to focus on the Danish, Finnish, Norwegian and Swedish markets. We are pleased to sell our Estonian business unit to the Estonian market leader.

Lowell Eesti AS also has a long, 22-year history and is one of the leading collection companies in Estonia. Lowell had in Estonia a turnover of EUR 1.77 million in 2018 and employs 19 people. The turnover of OÜ Julianus Inkasso in 2018 was 2.47 million and the company employs 33 people in Estonia.

Following the transaction, Julianus Inkasso OÜ and Lowell Eesti AS will merge and the business name of the company will be Julianus Inkasso OÜ.

Julianus Inkasso OÜ (www.julianus.ee) has been operating since 1995 and is a leading Estonian credit management company with subsidiaries in Latvia and Lithuania.

Additional information:

Phone: +372 681 4400, e-mail: inkasso@julianus.ee

Dear Members

As discussed in the general assembly in June, we are interested in an overview of what the legal procedures are in each country. Therefore I will shortly send out a survey that I would like you to fill out (8 questions). If you prefer to have a Word document to fill in, let me know and I will send it to you.

Thank you for your participation!

Are you wondering what will happen to your English files in the aftermath of Brexit? Our member Rothera Sharp has prepared this short article on the subject.Enforcement of Judgments post brexit – RotheraSharp