Practical Guide to Factoring and Invoice Financing

This book is designed to provide practitioners with an accessible, practical guide to the legal, commercial and technical aspects of factoring and other forms of invoice financing. Offering a comprehensive survey of the various different kinds of facilities available in the market, the mechanics of a factoring agreement (including standard terms, accounting practices and securities) and an explanation of the key legal concepts at play in the arena of invoice financing, this hands-on book will prove an invaluable addition to the arsenal of both the established and the newly-fledged practitioner.

ABOUT THE AUTHOR

Karina Champion is a member of Oriel Chambers in Liverpool and the Chair of its Commercial, Chancery and Insolvency Team. She was called to the Bar of England and Wales in 2005, having obtained a degree in Classics from Exeter College, Oxford in 2003 and a Post-Graduate Diploma in Law from The College of Law in 2004. She has over 18 years' experience of representing factoring companies in relation to all aspects of invoice financing litigation and she is considered an expert in her field.

CONTENTS

Chapter One - Factoring

The Traditional Model

Variations and Hybrids

CHOCC/CHOCS

Chapter Two - The Factoring Agreement

Chapter Three - Charges and Fees

Chapter Four - Accounting Practices

Chapter Five - Securities

Guarantees and Indemnities

Debentures

Chapter Six - Assignment

Legal Assignment

Equitable Assignment

Restrictions on Assignment

The Importance of Notice of Assignment

Chapter Seven - Defences of the Customer

Set-Off

Chapter Eight - Litigation

Guarantors

Notice of Assignment

Quantification

Discharge of Customer