F. Legal Environment of Credit (part of Business Credit Principles)
There is a critical need to be aware of the specific government legislation that pertains to business credit. Government legislation not only creates and protects the rights of creditors but also imposes limitations on business activities. Credit department policies and procedures should be in place to ensure that all actions taken by the department and its employees are within the boundaries of the law.
Specifically, this module covers the four critical antitrust laws and how they affect the credit professional on a daily basis.
After viewing this module, students should understand:
- The four cornerstone federal antitrust acts and why they were written into law.
- The Legality of Information Exchange.
- Guidelines for trade association meetings.
Wanda Borges, the principal member of Borges & Associates, LLC. Wanda has specialized in commercial insolvency practice and commercial litigation representing corporate clients throughout the United States for an excess of thirty years. She is a regular lecturer for NACM and its various affiliates. She has prepared and continues to update various courses including "Advanced Issues in Bankruptcy," "Basics in Bankruptcy," "Current Cases in Bankruptcy," "Creditor's Committees," and "Antitrust Issues," which have been presented at past NACM Annual Credit Congresses and at trade credit association meetings. Wanda is also faculty member for the NACM's Graduate School of Credit and Financial Management.