The Council of the EU may soon adopt its position (‘general approach’) on the proposed Regulation on the law applicable to the third-party effects of assignments of claims. EU Justice Ministers will vote on 7 June on the latest comprehensive compromise text presented by the Portuguese Presidency of the EU Council.
Assignment of claims is a legal mechanism where a creditor (the transferor) transfers their right to claim a debt to another person (the transferee). The aim of the proposal,...