shall apply in this law and its instru-
ments of implementation:
- adherent: enterprise which assigns its short term trade receivables to a factor for payment at an agreed date;
- factoring: a transaction whereby an adherent, through a fixed term written subrogation agreement, assigns its receivables to a factor who, against a consideration, advances all or part of the amount of the receivables assigned,
whether or not bearing the risk of insol-
vency of the receivables assigned, depending on the agreement between the parties;
- factoring with recourse: factoring
agreement whereby the factor is entit-
led to reimbursement by the adherent
in the event of debtor insolvency;REPUBLIC OF CAMEROON 15th May 2014
Law No. 2014/6 du 23 April 2014 governing factoring in Cameroon
The Parliament deliberated and adop-
ted, the President of the Republic hereby enacts the law set out below:
Official text
Transcription: Machine-parsed
In force from 23-04-2014 (date unconfirmed)Source page 1
Section 2 of the Law n°2014/6 of 23 April 2014 governing factoring in Cameroon/akn/cm/act/loi/2014-04-23/2014-006
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