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Afreximbank Model Law on Factoring

Nov 16, 2016 | Afreximbank | Afreximbank

The Afreximbank Model Law on Factoring, is based on recommendations received from consultative meetings with factors, government and regulatory bodies, enterprises, legal experts and banks across Africa and the world. The model law defines and protects the rights of parties to factoring transactions, including those relating to following assignments, nullification of bans on assignment, exclusion of certain receivables, rights between factors and clients, debtor protection, competing rights to receivables and international factoring.