Speakers at the United Nations General Assembly’s Sixth Committee (Legal) unanimously expressed appreciation for the notable breakthroughs of UNCITRAL in many areas.
European business leaders are scared.
Gerling Versicherungs-Beteiligungs-AG (GKB) and Swiss Re have reached an agreement on forming a joint venture between Dutch credit insurer NCM, in which Swiss Re has a 90 % stake, and the Gerling Credit Insurance Group.
It is thought that GE Capital’s acquisition last week of Heller Financial for $5.3bn, whilst significant in the broader context of the finance industry of north America and Europe, is not likely to send major shock waves through the factoring mark
Euro Sales Finance, the invoice and factoring group that issued a profit warning back in April, has come into play after receiving indicative offers in excess of its net book value.
Investment and banking group Nikoil plans to retain its position as the leader on Russia's market in factoring operations.
During IFG'S AGM held in Vancouver in May, Mr. Dominique Charpentier, CEO of Eurofactors was elected new Chairman of the Group. The Board Of Directors of IFG now consists of:
The volume of factoring services in Asia, excluding South Korea, grew 147% between 1995 and 2000 according to factors Chain International.