Parcel Revenue Corporation and its Highland Heights, Ohio based subsidiary, ProReo, launched the highly anticipated Title/Escrow Load Balancing Platform last month and the platform is already receiving rave reviews from some of Northeast Ohio’s top real estate agents.
“What this program is doing for the inner city and zombie homes is absolutely amazing,” said Jelena Krilova, a real estate agent with Howard Hanna Realty in Strongsville, OH, located about 20 minutes from Cleveland. “I have never seen a real estate deal close so quickly and easily.” Krilova represented a local real estate investor who purchased a condemned property on Cleveland’s west side. The property had been empty for years and the property taxes were $15,000.00delinquent. Today, just a month removed from sitting vacant and condemned, the property is under renovation, the taxes have been paid, and the new owner plans to move in once renovations are completed. The property is also just a few addresses from Benjamin Franklin School and posed a safety hazard to children walking to and from school.
“So, yes, we are very pleased with the launch of the platform thus far,” said Julius L. Cartwright. Cartwright is a founding board member at Parcel Revenue and previously served as president of the National Association of Real Estate Brokers. He also consulted on the system’s development.
“One of the major problems in urban areas is that title insurance companies are reluctant to insure the sale of distressed properties due to the serious title issues associated with these properties. The platform allows us to work in conjunction with title agents and attorneys to clear titles in days or weeks, where the process would normally take months or even years.”
The platform uses artificial intelligence and analytics to monitor the workload of participating title agents and attorneys and routes orders to the agent with the least number of pending transactions. Historically, title agents have closed transactions on a “first come, first served” basis which creates logjams in the escrow process. Since state law regulates title insurance rates, the buyer and seller are not financially impacted by which title agent closes their transaction. “Every title company in Ohio sells the same product at the same price, so the agents, buyers, and sellers all want to close as quickly as possible. That’s the goal,” said Cartwright.
SOURCE Parcel Revenue Corporation
2023 Global Business and Law Conference held in Beijing
BEIJING, Sept. 24, 2023 /PRNewswire/ — The 2023 Global Business and Law Conference was held in Beijing on the evening of September 22. At the opening ceremony, former Canadian Prime Minister Jean Chrétien, and WTO Deputy Director-General Zhang Xiangchen delivered video messages. Wang Binying, WIPO Deputy Director-General; Shoichi Okuyama, President of the AIPPI; and Marcelo Vazquez-Bermudez, First Vice-President of the International Law Commission (ILC), delivered speeches at the venue.
Ren Hongbin, CCPIT President, presided over the opening ceremony and issued Beijing Declaration of the Global Business and Law Conference on behalf of participants. The Declaration features: safeguarding the multilateral trading system and advancing the global governance reform; strengthening the role of the rule of law and stimulating enterprise innovation; deepening international exchanges on rule of law and fostering global business cooperation; improving international economic and trade rules and optimizing business environment; gathering global forces to achieve common prosperity.
At the main forum, Tao Kaiyuan, Vice President of the Supreme People’s Court; Zhang Mingqi, Vice President and Secretary-General of China Law Society; Wu Pengyi, Permanent Secretary of Singapore’s Ministry of Law and Second Permanent Secretary of the Ministry of Foreign Affairs; John Denton, Secretary-General of the International Chamber of Commerce (video), and Teresa Cheng Yeuk-wah, former Hong Kong Justice Secretary, delivered keynote speeches. Yu Jianlong, Vice President of CCPIT, presided over the forum. Huang Jin, President of the Chinese Society of International Law; Stephan Wernicke, Chief Legal Officer of the Association of German Chambers of Industry and Commerce; Sheng Leiming, Vice President of All China Lawyers Association; Zhang Jinwei, Vice President of Alibaba Group; and C.M. Chan, President of the Law Society of Hong Kong, entered into discussions around the theme to promote the construction of an open world economy.
Approximately 500 people attended offline, including representatives of international organizations such as the WTO, the WIPO, the ILC, and the AIPPI, representatives of government departments of Canada, Germany, Singapore, representatives of envoys in China, Chinese and foreign legal service organizations, business associations, and enterprises, and local and industry trade promotion associations. Representatives from over 30 countries, including Egypt, Thailand, India, Japan, Turkey, Switzerland, Germany, Denmark, Britian, France, Belgium, Italy, and the U.S., attended online.
Three parallel forums themed “strengthening law-based protection for innovative development”, “leveraging rule of law to foster business cooperation” and “improving international rule of law and leading the change of the times” will be held on September 23.
Office of the Executive Committee of the WMC: Anhui Strengthens Scientific and Technological Innovation Capacity to Attract Multinational Enterprises
HEFEI, China, Sept. 23, 2023 /PRNewswire/ — Multinational corporations are an important force in building an open world economy. The matchmaking meeting of multinational companies at the 2023 World Manufacturing Convention (WMC) was held on the afternoon of September 20, in Hefei. This matchmaking meeting resulted in 33 cooperation projects with a total investment of 15.6 billion RMB.
Volkswagen, Continental, NIO, Corning, Saint-Gobain and other multinational companies continue to expand investment in Anhui; BEA, HSBC, Mizuho, Standard Chartered, Nanyang Commercial Bank and other international financial institutions have successively made deployments in Anhui. According to the data, more than 4,600 foreign-funded enterprises had taken root in Anhui by the end of 2022, and 89 overseas Forbes Top 500 companies had set up 180 enterprises in Anhui, with foreign-funded enterprises contributing 23% of Anhui’s imports and exports.
The technological innovation is the most beautiful business card in Anhui. The world’s first quantum satellite “Mozi”, the world’s first commercial “quantum microscope” and many other world records are made in Anhui. According to statistics, Anhui has 23.7 effective invention patents per 10,000 people. With 121 universities, 7074 scientific research institutions, and 324 vocational schools, Anhui is also rich in innovation resources. Large scientific installations are forming clusters, and the key national laboratories have made plans in Anhui. The construction of Hefei Comprehensive National Science Center speeds up, and the Hefei-Wuhu-Bengbu National Independent Innovation Demonstration Zone develops rapidly. On average, there are about 11 national high-tech enterprises more every day.
Anhui is also an important manufacturing base in China, with all 41 industrial categories, of which 14 industries have a yield value of more than 100 billion RMB, and the yield of home appliances, laptops, and LCD screens is leading in the country. About 4 trillion-level industrial clusters consisting of a new generation of IT, automotive and parts, equipment manufacturing, new materials are being built, of which the “top” automotive industry has gathered 7 finished vehicle factories, more than 1100 parts and components enterprises are above the designated size, the exportation of finished vehicles with independent brands is the highest in China.
Anhui’s integration into the global supply chain system has been effective in recent years. In the first seven months of 2023, the actual use of foreign capital in Anhui’s manufacturing and high-tech industries increased by 33.7% and 68.3% respectively, accounting for 52% and 45.2%.
Meanwhile, Anhui has various open platforms, including China (Anhui) Pilot Free Trade Zone, 21 national development zones, 7 first-class open ports, 5 comprehensive bonded zones, 11 Anhui’s international cooperation industrial parks, 24 national bases of foreign trade transformation and upgrading as well as other international economic and trade cooperation platforms such as the “Investment Tour to Anhui“, the WMC, the Haike Commerce Roundtable, and the “Anhui Going Global” FDI attracting operation, which provide a strong support for Anhui’s opening up to the outside world.
Contact: Yuan Fan
E-mail: [email protected]
View original content:https://www.prnewswire.co.uk/news-releases/office-of-the-executive-committee-of-the-wmc-anhui-strengthens-scientific-and-technological-innovation-capacity-to-attract-multinational-enterprises-301936847.html
Savory and Partners: Surge in demand for second passports as displacement fears at a high
DUBAI, UAE, Sept. 23, 2023 /PRNewswire/ — There has been a surge in demand from Moroccan, Syrian and Indian expats living in the GCC for obtaining second passports, according to new data released from Dubai-headquartered citizenship and residency by investment advisors Savory and Partners.
A sudden spike in interest from Moroccan nationals was seen soon after the devastating earthquake earlier this month, while there’s also been a 30% increase in applications from Syrians and Indians owing to unstable political and economic conditions, as per the advisory.
Over 220,000 Indians renounced their citizenship in 2022, while there is an equally growing desire for a plan B for tax purposes from US and UK citizens.
The Coronavirus Pandemic, followed by wars in Ukraine and now Sudan, has triggered a sense of urgency, and many high-net-worth individuals are finally taking the plunge to acquire second citizenship and passports.
Sudan is currently in its 6th month of a war, which started in April, and according to the United Nations, roughly 3 million people are displaced, and more than half a million are sheltering in neighbouring countries.
Thousands of successful business owners have found themselves trapped in the chaos, with large families yearning for safety and a way out.
“Life in Khartoum was going well, but it became clear that this would be a long war, and the situation worsened. We worked very hard to create this life in Sudan, and it was challenging to sell our properties and assets and decide to leave completely,” says M.L., a Sudanese businessman.
M.L., a holder of a St. Kitts and Nevis second passport, was evacuated with his family to Egypt amidst the tensions. From there, he found a way to swiftly move his family to Cyprus, a residency he has held for three years.
According to an expert at Savory and Partners, the Caribbean Citizenship by Investment programs are among the top three most popular programs selected by expats. “With uncertainty around the Portuguese golden visa and price increases with the Greece and Caribbean programs, the latter remains a favourable and stable option.”
“A powerful second passport is the ultimate insurance in times of a crisis, offering not just global mobility, but personal security, a second home and investment opportunities.
“People have understood that wealth planning is more than just managing your finances; it involves creating a comprehensive strategy to ensure long-term financial security, “she added.
Like many others who planned ahead, ML found a pathway to escape the horrors of war, and his current residency in Cyprus will open doors to Cypriot citizenship for himself and his family.
Savory & Partners is an accredited agent for multiple governments where citizenship by investment is offered. The company has coverage in over 20 jurisdictions, including Europe and was the first firm to obtain all five authorised agent licenses for the governments of the Caribbean Islands. It has processed second passports for over 4,000 citizens with a 100 per cent success rate.
With a presence in 3 continents and 7 countries and more than 60 experts worldwide, the company’s multinational staff comprises advisors who guide clients in English, Arabic, Farsi, French, Spanish and Hindi.
- 2023 Global Business and Law Conference held in Beijing
- Office of the Executive Committee of the WMC: Anhui Strengthens Scientific and Technological Innovation Capacity to Attract Multinational Enterprises
- Savory and Partners: Surge in demand for second passports as displacement fears at a high
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- The Office of the Executive Committee of the WMC Released the List of “Top 500 Chinese Manufacturing Enterprises in 2023”
- Asian International Arbitration Centre and SOAS University of London, Arbitration and Dispute Resolution Centre sign MoU to promote best practice in arbitration
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