A contract assigning an existing or future debt shall immediately take effect between the parties from the date of signature irrespective of the date the debt arose, maturity date or the date the assigned debt may be due, and it may be binding on third parties from the date it shall be registered in the Trade and Personal Property Right Register irrespective of the law applicable to the said debt and the law applicable where the debtor resides.
From the date of assignment the assignor may not without the consent of the assignee modify the rights attached to the assigned debt.
Official translation
Transcription: Spot-checked
In force from 16-05-2011
Source page 24
The document's transcription was spot-checked against the supplied source; this does not confirm a line-by-line review of every provision.
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