HISTORY IN BRIEF

In 1962 the LIC "LEAGUE INTERNATIONAL FOR CREDITORS e.V." has been founded. First founders were Germany, France, Austria and Switzerland. In 1963 Great Britain and The Netherlands joined LIC In 1962 Dr. Rieber was elected as first President in the LIC's history. Dr. Rieber remainded to the service of the LIC Association until 1990. In 1987 The opening of the LIC's membership allowed many member companies to join LIC. In 1990, Dr. de Feu, Prof. of Law at the Dublin University has been elected as LIC's new President.

In 1991 The LIC Secretariat moved to Overath, closed to Cologne, Germany, and it is responsible for the provision of full range of administration, communication, promotion, public relations, and co-ordination of services required by the Association for its dealings with the membership and the outside business world.

In 1992 LIC started a closely co-operation with the European Commission with regard to "Delays of payment in commercial transactions"In 1993 LIC as a professional association, representing the collection industry has been invited to be attending the public hearing having been held in Brussels on July 7th and 8th, 1993. LIC supplied the European Commission with its verbal and written statement. LIC's suggestions are part of the Recommendation of the European Commission to Members States. LIC will go ahead assisting the European Commission with regard to their activities in this field.

In 1993 Debt collection and traders associations became members of LIC.

In 1995 LIC has been instructed by the European Commission as organizer and co-ordinator of 10 seminars in 10 countries of the European Union on the subject of: " Delays of Payment in Commercial Transactions",in order to train enterprises improving their business management by having a better debt control and introducing new technologies within their firms.

1996 At the General Assembly in Stockholm, voting members unanimously decided that professions involved in credit just as: Credit Managers, Factoring Firms, Credit Assurance Companies, etc... might apply for LIC membership under the category of Member.

1996/97 LIC may be reached under INTERNET: http/www.lic-international.com and addresses of LICmembers might be available to 40.000.000 users in INTERNET. In some countries LIC has no official representative and addresses of correspondents are only provided for assistance. Correspondents are not bound by the LIC Constitution and Code of Ethics and are not subject to LIC supervision. LIC also provides its member companies with a forum for the exchange of ideas and information in order to improve and develop their specialised services to the business world.

I M P O R T A N T

When you supply other members with collection-orders, please pay attention to following:

1. USE ON-LINE COMMUNICATION, as you work "Just in time"and is costing saving.

2. FORWARD FULLY INFORMATION AS FOLLOWS:

CREDITOR: Give full name of creditor's firm mentioning the CITY and the exact COUNTRY. Give all dates with regard to the claim. Supply foreign partners with redeable copies of the invoices, purchasing orders, correspondence, etc...

DEBTOR: Legal status of debtor's firm as well as the full name of its legal representative (s), proprietor, general partner, manager etc... any alternative address, fax number and phone number.

CONDITIONS: Clearly outline any specific conditions as instructed by creditor, in connection with legal proceedings, etc..

PROGRESS REPORTS: Detailed and prompt reporting is indispensable. Using E-Mail, you may supply your partner directly with a reply.This is quicker and costing saving.

ORGANISATION AND ADMINISTRATION

BOARD MEMBERS:

Prof. Dr. Liam de Feu, President, Law Office de Feu Sharpe, Ireland

Catarina Gallego, Vice-President, Law Office Luis, Catarina and Filipa Gallego, Portugal

Herbert Schneller, Treasurer, Schneller Inkasso, Germany

Uschi Rieber-Bitz, Council member, LIC Deutschland GmbH, Germany

Werner Ott, General Secretary, LIC Secretariat, Horgen, Switzerland

Honourary President Dr. H. Rieber, LIC Deutschland GmbH, Germany

CONTINENTAL BOARD MEMBERS

AFRICA: Charles Gedeon, MECICO, Lebanon

EUROPE: Birgitta Liljeroth, Kredit-Inkasso, Sweden

U S A: Robert Aeschliman, American Agencies, USA

GRIEVANCE COMMITTEE:

Alain Lorang, Law Office Lorang & Associés, Luxembourg

Yechiel Yaron, Yaron International Credit Management Ltd, Israel

Yrjö Lehtonen, Law Office Lehtonen, Malinen, Moisio Ltd, Finland

ASSOCIATION MEMBERS

E U M C The European Union of Small and Medium Sized Companies Avenue Marcel Thiry 204 B - 1200 Brussels Tel: 0032.2.77.49.610 Fax: 0032.2.77.49.690 President: Senator Jacobus Kiers, The Netherlands Above mentioned Association has member companies located in all European countries. Membership within LIC: January 1993

SVERIGES INKASSOORGANISATION Professional Swedish debt collecting association BOX 10022 1810 Lidingö Sweden Tel: 0046.8.7314390 Fax: 0046.8.7314399 Board member: Roland Sigbladh Above mentioned association has over 100 collection agencies, member companies. Membership within LIC: March 1994

JOINT CREDIT INFORMATION CENTER 10 F, N·2, Sec. 1. Chong Ching South Road TAIPEI / TAIWAN Tel: 00886.2.381.3939 Fax: 00886.2.311.1010 President: Mr. Antai Chien Membership within LIC: April 1996