(1) The factoring contract shall end upon expiry of its term. It may also end upon termination by one of the parties to the contract on
grounds of duly established non fulfil-
ment of the obligations of the other party.
(2) Where the factoring contract is with recourse, the factor shall be entitled to reimbursement by the adherent in the event of the debtor's insolvency.
(3) Where the factoring contract is without recourse, the adherent shall
not provide guarantee against the deb-
tor's insolvency.
Official text
Transcription: Machine-parsed
In force from 23-04-2014 (date unconfirmed)Source page 6