(a) The assignor has the right to assign the receivable

Transfer of rights securing the assigned receivables

a transaction involving the transfer of a debt or assignment of a claim.

Article 13. Agreements limiting the assignor s right to assign 227 231 54

Transfer of rights

Transfer of rights

(a) Personal or property rights securing or supporting payment of the assigned receivable are transferred to the assignee without a new act of transfer.

Non assignability of rights

Bankruptcies Debtor sales

(b) A right securing payment of the assigned receivable may be transferred notwithstanding any agreement between the assignor and the account debtor or other person granting that right, limiting in any way the assignor's right to assign the receivable or the right securing payment of the assigned receivable

In States that honour a form of transfer of ownership even when it does not entail a transfer of possession and is done for financing purposes, a transaction denominated as a transfer of title by way of security (or sometimes as a fiduciary transfer of title) is recognized.

2. A right securing payment of the assigned receivable is transferred under paragraph 1 of this article notwithstanding any agreement between the assignor and the debtor or other person granting that right, limiting in any way the assignor's right to assign the receivable or the right securing payment of the assigned receivable.

Right of Control Draft article 54, Transfer of rights Draft article 59, Transfer of rights Draft article 61 bis

(ii) A creditor of the assignor or

Negotiable documents of title

Negotiable documents of title

If neither assignee registers, priority is determined on the basis of the time of the assignment.

Rights and obligations of the assignor and the assignee

(3) A receivable assigned by the assignee to a subsequent assignee is transferred notwithstanding any agreement limiting in any way the assignor apos s right to assign its receivables.

The issuance and the transfer of a negotiable electronic transport record means the issuance and the transfer of exclusive control over the record.

Clearing houses and transferring patent rights

She has no right to give it to you.

(b) If payment in respect of the assigned receivable is made to the assignor, the assignee is entitled to payment of the proceeds and also to goods returned to the assignor in respect of the assigned receivable and

quot (3) The priority between an assignee and the effectiveness of an assignment as against the assignor apos s creditors is governed by the law of the country in which the assignor has its place of business. quot

(i) Another assignee of the same receivable from the same assignor, including a person who, by operation of law, claims a right in the assigned receivable as a result of its right in other property of the assignor, even if that receivable is not an international receivable and the assignment to that assignee is not an international assignment

An international arms transfer would also be deemed to have taken place when the ownership or control of equipment or systems is transferred even without any physical transfer.

quot (2) Without prejudice to the rights of parties in possession of the goods, a right securing payment of the assigned receivables is transferred to the assignee, notwithstanding any agreement between the assignor and the debtor, or the person granting the security right, limiting in any way the assignor apos s right to assign such a security right.

In the case of assignment of proceeds, as contrasted with transfer, the right to demand payment remains with the original beneficiary, the assignee being given only the right to receive the proceeds of payment, if such payment occurs.

1. The law of the State in which the assignor is located governs the priority of the right of an assignee in the assigned receivable over the right of a competing claimant.

1. An assignment of a receivable is effective notwithstanding any agreement between the initial or any subsequent assignor and the debtor or any subsequent assignee limiting in any way the assignor's right to assign its receivables.

Priority between the assignee and the insolvency administrator or creditors of the assignor

quot (3) An assignee has priority over an insolvency administrator and creditors of the assignor, including creditors attaching the assigned receivables, if

quot (4) An assignee has priority over an insolvency administrator and creditors of the assignor, including creditors attaching the assigned receivables, if

1. A personal or property right securing payment of the assigned receivable is transferred to the assignee without a new act of transfer. If such a right, under the law governing it, is transferable only with a new act of transfer, the assignor is obliged to transfer such right and any proceeds to the assignee.

quot (1) A receivable is transferred to the assignee notwithstanding any agreement between the assignor and the debtor limiting in any way the assignor apos s right to assign its receivables.

Transfer of title for security purposes

1. An agreement concluded before notification of the assignment between the assignor and the debtor that affects the assignee's rights is effective as against the assignee, and the assignee acquires corresponding rights.

The law should provide that a security right in a negotiable document and the goods represented thereby is subject to the rights under the law governing negotiable documents of a person to whom the negotiable document has been duly negotiated.

(b) The right of an assignee under an outright assignment of receivables

(c) Foreign exchange transactions, inter bank payment systems, transfer of security rights and transfer of economic assets

(1) With the exception of matters which are settled in this Convention, the effectiveness validity of an assignment as between the assignor and the assignee and the mutual rights and obligations of the assignor and the assignee are governed by the law expressly chosen by the assignor and the assignee.

1. If proceeds are received by the assignee, the assignee is entitled to retain those proceeds to the extent that the assignee's right in the assigned receivable had priority over the right of a competing claimant in the assigned receivable.

(a) An assignment is effective as between the assignor and the assignee and as against the account debtor notwithstanding an agreement between the initial or any subsequent assignor and the account debtor or subsequent assignee limiting in any way the assignor's right to assign its receivables

(2) In the absence of a valid choice, the effectiveness validity of an assignment as between the assignor and the assignee and the mutual rights of the assignor and the assignee are governed by the law of the country in which the assignor has its place of business the country with which the contract of assignment is most closely connected .

(a) An agreement concluded before notification of the assignment between the assignor and the account debtor that affects the assignee's rights is effective as against the assignee, and the assignee acquires corresponding rights