Formosa Liberty New Debt Collection Strategy
Formosa Liberty has fine-tuned its debt collection strategy. While the previous management focused on collection efforts against quasi private entities, the new strategy will seek public confirmation by the government of the Republic of China (Taiwan) as guarantor of its defaulted debt under Article 63 of the Act Governing Relations Between Peoples Of The Taiwan Area And The Mainland Area which states that the pre 1949 sovereign debt of China shall be dealt with upon national unification.
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