The UNIDROIT Model Law on Factoring (MLF) was adopted by the UNIDROIT Governing Council at its 102nd session (Rome, 10-12 May 2023).


The official text of the UNIDROIT Model Law on Factoring and other relevant information is now available on the dedicated UNIDROIT webpage for the instrument: https://www.unidroit.org/instruments/factoring-model-law/.

Following the adoption of the UNIDROIT Model Law on Factoring (MLF) by the UNIDROIT Governing Council at its 102nd session (Rome, 10-12 May 2023), UNIDROIT has begun work on the development of a Guide to Enactment (GtE).

The development of a Guide to Enactment of the MLF was approved as a high priority project on the UNIDROIT Work Programme for the triennial period 2023 – 2025, as adopted by the UNIDROIT Governing Council at its 101st session in June 2022 and the UNIDROIT General Assembly at its 81st session in December 2022.

The Guide to Enactment will be developed using UNIDROIT’s standard working methodology. The expert Working Group that developed the Model Law on Factoring itself has been renewed to also prepare the Guide to Enactment, under the Chairmanship of UNIDROIT Governing Council Member Professor Henry Gabriel.


Members of the UNIDROIT MLF Guide to Enactment Working Group

      1. Henry GABRIEL — Professor of Law, Elon University, United States of America
      2. Giuliano CASTELLANO — Associate Professor, Asian Institute of International Finance Law (AIIFL), Hong Kong
      3. Neil COHEN — Professor of Law, ‘Jeffrey D Forchelli’ Brooklyn Law School, United States of America
      4. Michel DESCHAMPS — Université de Montréal, McCarthy Tetrault, Canada
      5. Marek DUBOVEC — Director of Law Reform Programs, United States of America
      6. Alejandro GARRO — Adjunct Professor of Law, Colombia Law School, United States of America
      7. Louise GULLIFER — Rouse Ball Professor of English Law, University of Cambridge, United Kingdom
      8. Megumi HARA — Professor of Law, Chuo University, Japan
      9. Catherine WALSH — Professor of Law, McGill University, Canada
      10. Bruce WHITTAKER — Senior Fellow, University of Melbourne, Australia


In addition, several international, regional and private organisations which participated in the negotiation of the UNIDROIT MLF have been invited to also participate in the development of the Guide to Enactment:

      1. The World Bank Group
      2. The United Nations Commission for International Trade Law (UNCITRAL)
      3. The Kozolchyk National Law Centre (NatLaw)
      4. The European Bank for Reconstruction and Development (EBRD)
      5. The Organization of American States (OAS)
      6.  The African Export-Import Bank (AFREXIMBANK)
      7. Organisation for the Harmonisation of Business Law in Africa (OHADA)
      8. Industry Groups
        1. Factors Chain International (FCI)
        2. International Chamber of Commerce Banking Commission (ICC)
        3. Secured Finance Network (SFN)
        4. World of Open Account (WOA)

First Working Group Meeting (8-10 April 2024)

The first session of the Working Group took place as a hybrid meeting between 8-10 April 2024.

Documents for the first session are available below.