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Law

Amendments to the Portuguese Securitisation Law

The Portuguese government has introduced several changes to the 1999 Securitisation Law with a view to improving the domestic securitisation market. The Government has recently enacted the Decree-Law 82/2002 of 5 April 2002, amending Decree-Law 453/99 of 5 November 1999...

#capital requirements#management#receivables

Change in invoice law to boost factoring operations

The Chamber of Deputies has approved a bill granting invoices executive status, which forces payment without the need for long…

#guarantees#invoice#receivables


Bankruptcy law reform moves forward

According to the French ministry for justice, 59,000 French businesses had difficulties in 2002 leading them to appear in the…


New law helps keep businesses alive

Businesses in the UK experiencing financial difficulties will have more chance of survival as a result of the Enterprise Act…

#cash-flow#insolvency#invoice


Hammonds Finance Law Department updates and reviews

Hammonds, formerly Hammond Suddards Edge, The UK-based commercial law firm, publishes quarterly updates of statute and case law relevant to…


Privacy law test case seeks $120,000 compensation from Alliance...

Alliance Factoring last year bought Telstra's $300 million debt book, 800,000 accounts that date back as far as six years.…

#Clear#debt collection


Planned Civil Code revamp will bring factoring contracts into...

As the first step in a process set to last several years, the government recently approved the main concept of…


Government proposed changes to the law will impact factors

The Mexican government will propose modifications to the Auxiliary Credit Organizations Law over the coming months, which would apply to…

#leasing#risk#Vice president


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