Authorization Letter For Money Claim for Hong Kong

Authorization Letter For Money Claim Template for Hong Kong

A formal document governed by Hong Kong law that grants specific authority to an individual or entity to pursue and collect money claims on behalf of the authorizer. This document outlines the scope of authority, including powers to negotiate, settle, receive payments, and take necessary legal actions to recover the specified monetary amount. It must comply with Hong Kong's Powers of Attorney Ordinance and related regulations, providing clear identification of all parties involved and specific details of the claim being pursued. The document serves as legal evidence of the authorized person's right to act on behalf of the principal in matters relating to the specified money claim.

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What is a Authorization Letter For Money Claim?

The Authorization Letter For Money Claim is a crucial legal instrument used in Hong Kong when an individual or organization needs to delegate the authority to collect money or pursue financial claims to another party. This document is particularly relevant in situations where the original creditor cannot personally handle the collection process, whether due to geographical constraints, time limitations, or business efficiency. The letter must comply with Hong Kong's legal requirements, particularly the Powers of Attorney Ordinance and Contract and Rights of Third Parties Ordinance. It typically includes detailed information about the parties involved, specific claim amounts, the scope of authority granted, and any limitations or conditions attached to the authorization. This document is commonly used in business transactions, debt collection processes, and various financial arrangements where formal delegation of collection authority is required.

What sections should be included in a Authorization Letter For Money Claim?

1. Date and Place: Current date and location where the letter is executed

2. Authorizer Details: Full name, HKID/passport number, and address of the person granting the authorization

3. Authorized Person Details: Full name, HKID/passport number, and address of the person being authorized

4. Claim Details: Specific details of the money claim including amount, origin of debt, and debtor information

5. Scope of Authority: Explicit description of powers being granted to the authorized person

6. Duration of Authority: Time period for which the authorization is valid

7. Signature Block: Space for authorizer's signature, witness signature, and date of execution

What sections are optional to include in a Authorization Letter For Money Claim?

1. Revocation Clause: Include when the authorizer wants to explicitly state conditions under which the authority can be revoked

2. Indemnification: Include when the authorizer wishes to protect the authorized person from potential claims arising from their authorized actions

3. Sub-delegation Powers: Include when the authorized person needs the ability to delegate some powers to others

4. Governing Law Declaration: Include when the claim might have cross-border implications

5. Language Declaration: Include when the letter might be used in non-English speaking jurisdictions

What schedules should be included in a Authorization Letter For Money Claim?

1. Schedule 1 - Claim Documentation: Detailed list or copies of documents evidencing the money claim

2. Schedule 2 - Specific Powers: Detailed list of specific actions the authorized person may take in pursuing the claim

3. Appendix A - Identity Documents: Copies of identification documents of both authorizer and authorized person

4. Appendix B - Supporting Evidence: Any additional documentation supporting the validity of the claim

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Jurisdiction

Hong Kong

Publisher

Genie AI

Document Type

Authorization Form

Cost

Free to use
Relevant Industries

Financial Services

Banking

Insurance

Real Estate

Legal Services

Retail

Manufacturing

Construction

Professional Services

Trading and Commerce

Healthcare

Education

Relevant Teams

Legal

Finance

Accounts Receivable

Treasury

Credit Control

Risk Management

Operations

Corporate Secretarial

Compliance

Debt Recovery

Relevant Roles

Chief Financial Officer

Finance Manager

Accounts Receivable Manager

Credit Controller

Legal Counsel

Corporate Lawyer

Collections Manager

Treasury Manager

Financial Controller

Debt Recovery Specialist

Company Secretary

Risk Manager

Business Development Manager

Operations Manager

Industries
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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