Our unique overview analysis of the legal and regulatory environments in Europe (and a number of important comparator countries) has been brought up to date in 2017 with an extensive review and revision of the country responses. We believe this document now represents the only comprehensive analysis of its type available to the Industry, its regulators and lawmakers, associated support service providers and interested third parties.
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 of the study which has evolved into a compendium of the different legal, fiscal and other environments relating to receivables financing in the EU member states and in 5 important non EU "benchmark" countries, Norway, Russia, Switzerland, Turkey and the USA.
The project was further updated in 2013.
In 2017, in light of the continuing development of Legal and Regulatory provisions affecting the Industry, a deeper revision has been undertaken, with an extended set of questions covering the issues. This latest version also benefits from an overview from international law firm Clifford Chance.
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 these responses have then been reviewed by Clifford Chance.
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 and Clifford Chance and its Local Correspondents.
The study consists of 15 questions touching most of the areas of receivable financing and factoring.
For EUF Members EUF Legal Study 2017 is available in Members only section.
A pdf version of the study is also available for download to interested third parties for the sum of €250 Excl. VAT.
The EUF (EU Federation for the Factoring & Commercial Finance Industry), its members, Clifford Chance, the Local Correspondents, roundwindow consultancy services and all individuals and/or companies who have answered or assisted in answering the questions will have no responsibility whatsoever regarding the correctness, completeness and legal enforceability of any subject contained in this study.
It is strongly recommended to request professional advice from competent parties (legal advisers, auditors, accountants, tax advisers etc.) before planning or carrying out any activities in factoring or receivables finance in any of the countries listed in this study.
© EU Federation - 2020