For subscribers
Businesses must now give debtors more time to settle up, courts should not be first port of call
Sign up now: Get ST's newsletters delivered to your inbox
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.
