Regulations

In Italy the factoring agreement is regulated by Law nr. 52 of 21.02.1991 which has integrated the rules stated in the arts. 1260 et seq. of the Civil Code. With this law, legislator has:

  • foreseen the possibility of transferring even receivables prior to the conclusion of contracts from which arise;
  • allowed the transferability to the factor also of bulk existing and future receivables;
  • introduced facilities in the regime of the enforceability of assignments to third parties.

Law 21st February 1991, no. 52
Rules regarding the assignment of corporate credits (bills receivable).

Civile code

FOURTH BOOK OF OBLIGATIONS.
CHAPTER I - CONCERNING OBLIGATIONS IN GENERAL
ARTICLE V - ASSIGNMENT OF CREDITS