Our Dubai based Capital Solutions and Structured Private Credit Team has authored a practice note on the key aspects of factoring transactions in the United Arab Emirates. It explores critical legal issues of such arrangements, including the requirements for a valid transfer of receivables, the treatment of future receivables and ancillary rights, and the process for registration on the Emirates Movables Collateral Register. It also discusses the interplay between the Factoring Law and other significant legislation, including Federal Law No. 4 of 2020 regarding rights in Movables.
Reproduced with permission from Practical Law Global. For further information, please visit https://uk.practicallaw.thomsonreuters.com.
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