The European Commission has sent the Member States a new set of clarifications to illustrate the proposal for a Regulation on the law applicable to the effectiveness of assignments of claims (see EUROPE B11979A1).
Assignment of claims is a legal mechanism where a creditor (transferor) transfers their right to claim a debt to another person (transferee). The aim of the proposal, which was presented in March 2018, is to address the lack of clarity regarding third-party effects of...