Dubai Chambers recently hosted a webinar on trade regulations for Turkish businesses. Specifically, the webinar focused on the legal aspects surrounding import and export activities in Dubai for businesses in Turkey.
Held in partnership with Clout Legal Consultancy LLC (UAE) in association with Clout Law Firm (JOR) and Clout Law Firm (TUR), the webinar elaborated on risk management methods encouraging participants to research the real legal and economic status of local dealers as a means of minimising the risk of unpaid debt.
The workshop, attended by 99 participants from different business sectors across Turkey, also discussed compliance requirements and best practices for managing situations involving legal compliance in an import and export context, including personal data protection.
Payment security was also examined, providing attendees with insights into alternative measures to secure payments expected from dealers, such as letters of guarantee or cheques.
Further, the trade regulations workshop aimed to provide participants with a better understanding of management techniques to minimise the tax impacts of unpaid debt in import and export transactions and explored methods for effective dispute resolution and recovery processes in cases of import and export conflicts.
