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IPO Debt Collection Policies

2016/11/09 | 15:16 code : 7885 Daily News
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President of Iranian Privatization Organization (IPO) cited debt collection for realization and termination of contract as IPO debt collection policies.
IPO Debt Collection Policies

President of Iranian Privatization Organization (IPO) cited debt collection for realization and termination of contract as IPO debt collection policies.

Pour Hosseini gave notice of negotiating of foreign investors with Iranian Privatization Organization to purchase the shares of some state-owned companies and said: "IPO pursues collection through a few policies. Accordingly, it is possible in some cases to sell the shares as collateral or even terminate the contract. These tools are used all."

President of IPO added: "However, if there are some things that arguments stand up in court for non-payment of receivables by debtors that had approval or permit, we will accompany them."

 

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