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Austria

No-assignment clauses in Austrian contracts

No-assignment clauses are found in many contracts and are often phrased as follows: (more…)

#assignment#assignment of receivables#international

Oberbank AG to use FACT.pilot for its factoring business

The Austrian Oberbank AG has decided to use FACT.pilot, the software of fidis GmbH, to assist it in its factoring…

#insolvency#invoice#management


Austrian factoring volumes revealed for 2014

Double digit growth within the Austrian market continued last year (more…)

#banks


Volksbank planning to sell VB Factoring

Austrian lender also set to offload leasing unit (more…)

#bank#capital requirements#leasing


AutoBank AG enters factoring market

Automobile leaser to offer factoring products for first time with assistance of German subsidiary (more…)

#international#leasing#smes


Norske Skog agrees another large securitisation facility

Norwegian firm signs deal with Eurofactor relating to accounts receivables at Austrian mill (more…)

#interest rate#international#receivables


Automotive finance specialist reports figures turnaround

Lender to start offering factoring services later this year (more…)

#guarantee#leasing#management


SOPLEX to hold Vienna information day on SAP products

Credit and receivables management firm to present guide on how best to use SAP systems (more…)

#bank#management#receivables


First Class Financial Group establishes receivables finance arm

First Class Capital to provide Sales Plan and Receivables Capital. (more…)

#management#payment terms#smes


Raiffeisen to consolidate selected operations of its daughters, including...

Raiffeisen is repositioning itself to reach EUR25 million of annual savings. (more…)

#bank#i#insurance


Three hundred creditors affected by insolvency of Austrian cheese...

Insolvent cheese producer wants to continue to use factoring; banks yet to approve. (more…)


Young fraudster used factoring sham to ‘live in the...

Uncle and nephew go on trial under inducement of a factoring bank. (more…)

Factorbank AG Austria announce record turnover

FactorBank AG Austria, part of Unicredit and members of both factors Chain International and The International Factors Group have announced…

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