This is a case study illustrating how a Greek translation company recovered a large debt from UK translation company, writes Steven Little, of Debt Collect UK Limited. Our Greece-based client was owed £109,000 (€125,000) from a UK translation company. The invoices raised were between 1 – 6 months old. Our client had no idea how to pursue the debt. They had consulted with their lawyers in Greece, who had advised them that this would be a very lengthy, time consuming and expensive process, as they would need to raise a court action locally, obtain a European Enforcement Order, transfer this into the English Courts and then have the order enforced. All of this would take 3 – 4 months depending on the courts in both countries.
EUATC members the Association of Czech Translation Agencies (ACTA) and the Association of Translation Companies of Slovakia (ATC SK) are used to collaboration. After all they joined forces last year with the national associations from Austria and Hungary to create and deliver the first Meet Central Europe conference. The success of that event has led to the latest example of working together, a joint meeting of the two associations.
At the end of last year, in cooperation with the Department of Translation at the Faculty of Arts in Ljubljana, the Slovenian Association of Translation Companies (SATC) successfully launched the Practical Education for Translation Students pilot project. It was designed as a way for SATC members to contribute to the transfer of knowledge and experience between the economic and academic sectors.
Around 60% of EUATC founder member the Association of Translation Companies' (ATC) members are small businesses and, in 2019, much of ATC’s focus will be on supporting and producing content tailored for SME LSPs through its new Small Business Initiative.
From time to time every business will experience the unfortunate scenario of a customer who refuses to pay an outstanding account and ignores any reminders or chances they are given to settle the outstanding balance. For language service providers dealing with clients from all over the world recover debts can be daunting, writes Steven Little of Debt Collect UK Limited.
There are just two weeks left to take part in the seventh Language Industry Survey, an EUATC initiative conducted in collaboration with the Globalization and Localization Association (GALA), Fédération Internationale des Traducteurs (FIT), the European Language Industry Association (Elia), European Masters in Translation (EMT) and the European Commission's Language Industry Platform (LIND-Web). The deadline to participate in the survey is Friday, 15th February.