Lex Mercatoria

www.lexmercatoria.org

www.jus.uio.no/lm

  toc   scroll    txt   pdf   pdf    odt    A-Z  Document Manifest   home 
TOC next >>
< ^ >

United Nations Convention on the Assignment of Receivables in International Trade, 2001

PREAMBLE

CHAPTER I - SCOPE OF APPLICATION

Article 1 - Scope of application

Article 2 - Assignment of receivables

Article 3 - Internationality

Article 4 - Exclusions and other limitations

CHAPTER II - GENERAL PROVISIONS

Article 5 - Definitions and rules of interpretation

Article 6 - Party autonomy

Article 7 - Principles of interpretation

CHAPTER III - EFFECTS OF ASSIGNMENT

Article 8 - Effectiveness of assignments

Article 9 - Contractual limitations on assignments

Article 10 - Transfer of security rights

CHAPTER IV - RIGHTS, OBLIGATIONS AND DEFENCES

Article 11 - Rights and obligations of the assignor and the assignee

Article 12 - Representations of the assignor

Article 13 - Right to notify the debtor

Article 14 - Right to payment

Article 15 - Principle of debtor protection

Article 16 - Notification of the debtor

Article 17 - Debtor's discharge by payment

Article 18 - Defences and rights of set-off of the debtor

Article 19 - Agreement not to raise defences or rights of set-off

Article 20 - Modification of the original contract

Article 21 - Recovery of payments

Article 22 - Law applicable to competing rights

Article 23 - Public policy and mandatory rules

Article 24 - Special rules on proceeds

Article 25 - Subordination

CHAPTER V - AUTONOMOUS CONFLICT-OF-LAWS RULES

Article 26 - Application of chapter V

Article 27 - Form of a contract of assignment

Article 28 - Law applicable to the mutual rights and obligations of the assignor and the assignee

Article 29 - Law applicable to the rights and obligations of the assignee and the debtor

Article 30 - Law applicable to priority

Article 31 - Mandatory rules

Article 32 - Public policy

CHAPTER VI - FINAL PROVISIONS

Article 33 - Depositary

Article 34 - Signature, ratification, acceptance, approval, accession

Article 35 - Application to territorial units

Article 36 - Location in a territorial unit

Article 37 - Applicable law in territorial units

Article 38 - Conflicts with other international agreements

Article 39 - Declaration on application of chapter V

Article 40 - Limitations relating to Governments and other public entities

Article 41 - Other exclusions

Article 42 - Application of the annex

Article 43 - Effect of declaration

Article 44 - Reservations

Article 45 - Entry into force

Article 46 - Denunciation

Article 47 - Revision and amendment

ANNEX TO THE CONVENTION

SECTION I - PRIORITY RULES BASED ON REGISTRATION

Article 1 - Priority among several assignees

Article 2 - Priority between the assignee and the insolvency administrator or creditors of the assignor

SECTION II - REGISTRATION

Article 3 - Establishment of a registration system

Article 4 - Registration

Article 5 - Registry searches

SECTION III - PRIORITY RULES BASED ON THE TIME OF THE CONTRACT OF ASSIGNMENT

Article 6 - Priority among several assignees

Article 7 - Priority between the assignee and the insolvency administrator or creditors of the assignor

Article 8 - Proof of time of contract of assignment

SECTION IV - PRIORITY RULES BASED ON THE TIME OF NOTIFICATION OF ASSIGNMENT

Article 9 - Priority among several assignees

Article 10 - Priority between the assignee and the insolvency administrator or creditors of the assignor

[Post Provisions]

Metadata

SiSU Metadata, document information

Manifest

SiSU Manifest, alternative outputs etc.

United Nations Convention on the Assignment of Receivables in International Trade, 2001

United Nations (UN)

copy @ Lex Mercatoria

United Nations Convention on the Assignment of Receivables in International Trade, 2001

PREAMBLE

The Contracting States,

Reaffirming their conviction that international trade on the basis of equality and mutual benefit is an important element in the promotion of friendly relations among States,

Considering that problems created by uncertainties as to the content and the choice of legal regime applicable to the assignment of receivables constitute an obstacle to international trade,

Desiring to establish principles and to adopt rules relating to the assignment of receivables that would create certainty and transparency and promote the modernization of the law relating to assignments of receivables, while protecting existing assignment practices and facilitating the development of new practices,

Desiring also to ensure adequate protection of the interests of debtors in assignments of receivables,

Being of the opinion that the adoption of uniform rules governing the assignment of receivables would promote the availability of capital and credit at more affordable rates and thus facilitate the development of international trade,

Have agreed as follows:


  toc   scroll    txt   pdf   pdf    odt    A-Z  Document Manifest   home 
TOC next >>
< ^ >

Lex Mercatoria -->

( International Trade/Commercial Law & e-Commerce Monitor )

W3 since October 3 1993
1993 - 2010

started @The University of Tromsø, Norway, 1993
hosted by The University of Oslo, Norway, since 1998
in fellowship with The Institute of International Commercial Law,
Pace University, White Plains, New York, U.S.A.

Disclaimer!

© 

Ralph Amissah




Lex Mercatoria