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Assignment of public procurement receivables simplified – new opportunities for factoring and securitization industries?

02/10/2017

In the past, receivables arising from public procurement were not assignable as a matter of principle, except under limited circumstances and strict conditions. Moreover, the purchasers of such receivables were second-ranked by law behind a series of creditors...

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Authors

Portrait ofBenoît Vandervelde
Benoît Vandervelde
Partner
Brussels
Portrait ofVirginie Dor
Virginie Dor
Partner
Brussels
Romain Rolland