E-cigarette enterprise debt and legal risk prevention training was successfully held. 2Firsts helps the industry develop steadily

E-cigarette enterprise debt and legal risk prevention training was successfully held. 2Firsts helps the industry develop steadily

On September 12, 2Firsts and compliance expert Tang Shunliang successfully held the "E-cigarette Enterprise Debt Dispute and Crime Risk Prevention Training" in Shenzhen, attracting more than 20 corporate executives to participate. The event aims to guide companies to identify and avoid debt and legal risks in industry changes. The content covers key issues such as liquidation, bankruptcy, and criminal risk prevention, providing strategic support for the steady development of the e-cigarette industry.

On September 12, 2024, the "E-cigarette Enterprise Debt Dispute and Crime Risk Prevention Training" organized by 2Firsts and Tang Shunliang, an e-cigarette industry compliance expert, was successfully held in Bao'an Center, Shenzhen. The lecture attracted more than 20 executives from well-known e-cigarette and related supply chain companies, aiming to guide companies on how to move forward steadily in industry changes and avoid potential debt and legal risks.

 

Experts give lectures and share in-depth experience

 

The "E-cigarette Enterprise Debt Dispute and Crime Risk Prevention Training" was hosted by Guo Xiaoyu, co-founder and COO of 2Firsts, and was given by Tang Shunliang, a think tank expert with 20 years of work experience in the field of tobacco compliance.

 

With the exposure of debt crises of many e-cigarette companies in recent years, the financial reports of many listed companies show that net profits have dropped sharply year-on-year, and the profit margins on the supply chain have also been severely compressed. This lecture aims to provide risk management strategies and tools for senior managers of e-cigarette and supply chain companies to cope with current challenges.

 

Lecture focus, hit the pain points of the industry

 

This lecture mainly discussed the dissolution, liquidation and bankruptcy of e-cigarette companies when they exit the market and the criminal risks that e-cigarette companies may face. Lawyer Tang Shunliang explained in detail the enterprise liquidation process, the applicable circumstances of compulsory liquidation and bankruptcy liquidation, and the conditions of "execution to bankruptcy". In addition, the design of new transaction structures and risk avoidance of e-cigarettes were discussed, providing companies with a series of practical strategies and tools.

 

1. If the company fails to liquidate in time, shareholders may bear legal liability. The ways for e-cigarette companies to exit the market include shareholder withdrawal and enterprise cancellation, involving equity transfer, capital reduction, merger, reorganization, etc. The liquidation process includes the establishment of a liquidation group, debt clearance, asset collection, employee placement, property disposal and liquidation report, etc.

2. The applicable circumstances, applicants, jurisdiction courts and application documents for compulsory liquidation and bankruptcy liquidation

3. "Execution to bankruptcy" refers to the conditions for transferring the case to bankruptcy review during the execution stage. Specific solutions are proposed for situations where liquidation is impossible.

 

4. Design of new transaction structures and risk avoidance for e-cigarettes. It is recommended to conduct in-depth cooperation through commissioned development/cooperation agreements, procurement contracts, etc. to avoid potential risks.

 

5. Criminal risks that e-cigarette companies may face: including six legal risks such as illegal business operations, production and sales of counterfeit and inferior products, and smuggling.

 

6. Management requirements for exporting e-cigarette products, including compliance with the laws, regulations and standards of the destination country or region, and countermeasures when there are quality and safety problems with exported products.

 

7. The issue of personal jurisdiction over crimes committed by Chinese citizens abroad points out that if criminal acts committed abroad also violate China's criminal law, Chinese judicial authorities will have the power to pursue criminal responsibility.

Image source: 2Firsts

 

In-depth discussion, joint industry development

 

In the free discussion session, participants enthusiastically participated and had in-depth exchanges with Lawyer Tang on hot issues such as nicotine bag supervision, compliance of tobacco-like products, and shipments to the US market. These discussions not only enhanced the participants' understanding of the future development of the e-cigarette industry, but also provided new ideas for the steady progress of the industry.

 

2Firsts is the world's leading atomization technology media and think tank, providing the latest industry news, data and insights to global regulators, entrepreneurs, researchers, media and other parties. In the future, 2Firsts will continue to launch more professional and high-quality industry activities, and is committed to promoting the standardized growth and sustainable development of the e-cigarette industry.

 

If you want to learn more about training information or seek professional consulting services, please contact us: info@2firsts.com.