|AFREXIMBANK Model Law on Factoring
|Date of Publication
|Number of Pages
|Factoring Law, Transfer of Related Rights, History of Codification of Factoring Law, International Factoring
|International Factors Group (“IFG”) drafted a Model Law of Factoring in 2014. Afreximbank’s Model Law herewith has taken IFG’s excellent work which reduced the scope of any proposed legislation to cover only “factoring” transactions, in the widest of this word, including assignments of receivables as a pledge of collateral security where pledge is used as the legal basis for a factoring transaction. Afrexim gratefully acknowledges the excellent assistance that it has received from IFG in being permitted to develop IFG’s Model Law.
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