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
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:
First Working Group Meeting (8-10 April 2024)
The first session of the Working Group will take place as a hybrid meeting between 8-10 April 2024.
Documents for the first session will be published in due course.