Businesses must now give debtors more time to settle up, courts should not be first port of call

Mr Andy Lim, founder of GF+A Global which imports premium European tiles, said he gives his clients 60-day credit.
Mr Andy Lim, founder of GF+A Global which imports premium European tiles, said he gives his clients 60-day credit.ST PHOTO: LIM YAOHUI

The courts should not be the first port of call for businesses to get money back from their debtors.

From Oct 1, businesses seeking to recover debts had to follow a protocol before any court proceedings could commence.

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A version of this article appeared in the print edition of The Sunday Times on December 22, 2019, with the headline 'Businesses must now give debtors more time to settle up'. Subscribe