Study LVIII A – W.G.6 – Doc. 6.pdf

Study-LVIII-A--W.G.6--Doc.-6-Revised-draft-Model-Law-on-Factoring.pdf
Preview of Study LVIII A – W.G.6 – Doc. 6
🔗 Source: unidroit.org
📊 Size: 273 KB
📄 Pages: 33 pages
⬇️ Downloads: 67

Summary

The UNIDROIT 2023 document contains a revised draft Model Law on Factoring (MLF), updated by the UNIDROIT Secretariat after the 6th session of the Model Law on Factoring Working Group in November 2022. The draft MLF consists of nine chapters, covering scope and general provisions, transfers of receivables, effectiveness of transfers against third parties, the registry system, priority of a transfer, rights and obligations of the transferor, transferee, and debtor, collection and enforcement, conflict of laws, and transition. The document includes definitions of key terms, such as "competiting claimant," "debtor," "default," "future receivable," and "receivable." The draft MLF aims to provide a framework for factoring transactions, including the transfer of receivables, priority of transfers, and rights and obligations of parties involved.

Description

The UNIDROIT 2023 document contains a revised draft Model Law on Factoring (MLF), updated by the UNIDROIT Secretariat after the 6th session of the Model Law on...

Technical Information

  • File Format: PDF
  • File Size: 273 KB
  • Pages: 33
  • Language: EN
  • Total Downloads: 67
  • Last Updated: 3 weeks ago

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