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This study examines the nature of factoring, the procedures used and, in particular, the legal framework within which the service functions in the respective countries.
The focus is on the various methods of: assignment and perfection; conflicts of priority; the triangular relationship between the factor, the client and the debtor; and the impact of insolvency on the factor's rights, as well as on the service in general.
The main aim of the book is, therefore, to provide understanding of the legal aspects of factoring. It should be of interest to practitioners and others who need to know about the service and its practical operation, for example, bankers, financial advisers and lawyers.