Factoring and the Assignment of Receivables Under Belgian Law


by Patrick MARNEF Partner Kristof LEMAHIEU Associate van Cutsem – Wittamer – Piret and Partners Introduction Factoring in Belgium experienced the same trend as many parts of the world(1), partly because of the excellent economic conditions, increasing use is being made of this service(2), which can offer undeniable advantages to eligible companies, through a combination of provision of finance, maintenance of accounts, collection of receivables and cover of the insolvency risk(3). Of course, the success of factoring cannot only be explained by the prosperous economic situation or, viewed more generally, by purely economic criteria alone.


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