On Thursday, 6 June, in Luxembourg, European Ministers of Justice will note a second progress report on the EU Council’s work on the proposal for a regulation on the law applicable to the third-party effects of assignments of claims (see EUROPE B11979A1).
Presented in March 2018, the proposal aims to remedy the lack of clarity regarding the effects of an assignment of claims in a cross-border transaction.
An assignment of claims is a legal mechanism by which a...