A 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 AUTHORKarina 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.CONTENTSChapter One - FactoringThe Traditional ModelVariations and HybridsCHOCC/CHOCSChapter Two - The Factoring AgreementChapter Three - Charges and FeesChapter Four - Accounting PracticesChapter Five - SecuritiesGuarantees and IndemnitiesDebenturesChapter Six - AssignmentLegal AssignmentEquitable AssignmentRestrictions on AssignmentThe Importance of Notice of AssignmentChapter Seven - Defences of the CustomerSet-OffChapter Eight - LitigationGuarantorsNotice of AssignmentQuantificationDischarge of Customer