The International Institute for the Unification of Private Law (UNIDROIT) is conducting a consultation on the draft Model Law on Factoring. The online consultation will run for 12 weeks from 29 July until 21 October 2022. The purpose of the consultation is to:
- Raise awareness about the draft Model Law on Factoring.
- Ensure that the instrument is well suited to application in different contexts, including both civil law and common law jurisdictions as well as developing economies, emerging markets, and developed economies.
- Seek feedback from parties engaged in factoring on whether the instrument sufficiently addresses issues that arise under existing legal frameworks and will improve factoring arrangements in those States that implement the Model Law.
- Solicit comments on the drafting of the instrument itself.
Further information on the Model Law on Factoring consultation (including the consultation document itself) is available on the dedicated webpage: https://www.unidroit.org/instruments/factoring/model-law-online-consultation/