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Legal Update

One step forward, two steps back – proposed EU regulation impacting cross-border receivables financing

15 June 2018
Mayer Brown Legal Update
We recently submitted to the European Commission our response to its proposed EU regulation on the law applicable to the third-party effects of assignments of claims. Whilst welcoming this long-awaited attempt to plug a gap left by the Rome I regulation, we have identified some serious problems with the Commission’s proposal – so serious that, in our view, unless they are sorted out it would be better to leave things as they are, unplugged gap and all. You can find our response to the European Commission here.

Authors

  • Dominic Griffiths
    T +44 20 3130 3292
  • Alex Dell
    Partner
    T +44 20 3130 3121
  • Merryn Craske
    T +44 20 3130 3029
  • Charles Thain
    Associate
    T +44 20 3130 3916
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