Export debts—Rome I and the assignment of debts
Produced in partnership with Norton Rose Fulbright
Export debts—Rome I and the assignment of debts

The following Banking & Finance practice note produced in partnership with Norton Rose Fulbright provides comprehensive and up to date legal information covering:

  • Export debts—Rome I and the assignment of debts
  • Summary of the Rome I regulations
  • Article 14 of Rome I (paragraph 1 and paragraph 2 issues)
  • Paragraph 3 issues
  • Rome I in practice
  • Rome I and the problem of relativity—decision tree
  • Challenges by a debtor
  • Challenges by an administrator or other liquidator or creditor of the seller of the receivables
  • Challenges by third parties

Export debts—Rome I and the assignment of debts

IP COMPLETION DAY: 11pm (GMT) on 31 December 2020 marks the end of the Brexit transition/implementation period entered into following the UK’s withdrawal from the EU. At this point in time (referred to in UK law as ‘IP completion day’), key transitional arrangements come to an end and significant changes begin to take effect across the UK’s legal regime. This document contains guidance on subjects impacted by these changes. Before continuing your research, see Practice Note: What does IP completion day mean for lending lawyers? [Archived].

BREXIT: As of 31 January 2020, the UK is no longer an EU Member State, but has entered an implementation period during which it continues to be treated by the EU as a Member State for many purposes. As a third country, the UK can no longer participate in the EU’s political institutions, agencies, offices, bodies and governance structures (except to the limited extent agreed), but the UK must continue to adhere to its obligations under EU law (including EU treaties, legislation, principles and international agreements) and submit to the continuing jurisdiction of the Court of Justice of the European Union in accordance with the transitional arrangements in Part 4 of the Withdrawal Agreement. For further reading, see: Brexit—introduction to the Withdrawal Agreement. This will have an impact on the information in

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