‘Patience is a virtue – The third party effects of assignments in European Private International Law’

“The third-party effects of the assignment are one of the ‘most discussed questions of international contract law’ as it concerns the ‘most important gap of the Rome I Regulation’. This gap is regrettable not only for dogmatic reasons, but above all for practical reasons. The factoring industry has provided more than €217bn of working capital to finance more than 200,000 companies in the EU in 2017 alone …” (more)

[Leonhard Huebner, Conflict of Laws .net, 6 May]

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