EUF Legal Study
The EUF Legal Study Update
Back in 2007, IFG and ABFA (UK) in partnership created a groundbreaking comparative study of the legal and regulatory environments for factoring and receivables financing in Europe and some other major markets
In 2011, the EUF took over the project and initiated a full update.
The present study is a compendium of the different legal, fiscal and other environments relating to receivables financing in all of the 27 EU member states and in 5 important non EU “benchmark” countries, Norway, Russia, Switzerland, Turkey and the USA.
The value of this study lies in bringing this important information together in one place for reference purposes.
To compile the necessary information, knowledgeable individuals from within the industry have been asked to answer a series of questions about their own national legal environment and the EUF is most appreciative of the assistance received from enterprises as well as national associations in the factoring, invoice discounting and receivables financing industry.
The study consists of 13 questions touching most of the areas of receivable financing and factoring.
Copies of the Study are available to interested third parties for the sum of €100 plus postage and packing.
All answers to the questions have been given by individuals in good faith and to their best knowledge of the environment of factoring and receivables financing existing in their respective countries at the time of responding. However, the study should not be regarded as a guarantee for being legally executable in any competent court or before any taxation authority or similar institutions. This document is for information purposes only and the information on tax and legal issues contained herein are purely indicative. Neither the EUF, its members and their representatives nor IDH Inkasso und Service GmbH, who assisted in collecting and editing the answers, make any representation and give no warranty relating to any information contained in this updated study. It has to be understood that no checks on the correctness and completeness of the answers have been carried out. Please keep in mind that answers are given on the basis of the rules in existence in the first half of 2011 and that any subsequent changes are not reflected in this document.