UB Field. Trust in business: weakness/tool/possibility?

UB Field is an annual forum, where successful learn from the successful. This simple formula became the basis for modern methods and formats of development of businessmen and top managers in the entire world.

Among speakers of the forum was Mykola Korolenko, the wner &CEO of  ICC Group, a financier with vast experience, who believes not only in agreements, but also in arrangements, with the case “Culture of financial relations: whether one shall pay, if there is no respect?”

Mykola Korolenko about the case: “Each owner, who makes business in the country, which is in crisis almost permanently (financial crisis, economic, political and military one), sooner or later faces the dilemma: to be proud of own financial solvency, pay and keep one’s word regardless personalities and circumstances, or address this issue randomly and punish those, who makes business in bad faith and demonstrates disrespect to it as a partner or customer.
I’ve happened to be on both sides of conflicts: I was both the borrower and the creditor, the plaintiff and the defendant. Many times I was under pressure and had to take a tough stance myself. So, while in a conflict, should one engage in confrontation or try to skirt contentious issues?

How knowledge acquired empirically help me to find a solution in critical situations, what “culture of financial relations” is, and, finally, the answer to the question “to pay or not to pay”, when you are disrespected – all these you will find in the case.”