This book offers a unique opportunity to examine the diverse views relating to the GRIF. It analyses each article of the GRIF, looking closely at the implications of transacting international factoring business and how it applies to various aspects of the transaction. In addition, Yüce provides excellent insight by looking at case studies that show how each scenario can be interpreted using the GRIF rules for the transaction. He also provides an in-depth question and answer section and a list of definitions that allow users to understand the rules and their implications on their business more efficiently.
This book goes a long way in helping to understand the legal and technical challenges. It creates an increased awareness of international factoring’s legal aspects, providing insight into the implications of conducting cross-border receivables finance using the two-factor model, attempting to make sense of the myriad challenges facing any financial institution that endeavours to invest in this field.
It is a strong reference point to consult the membership at every stage of your two-factor business. This is a must-read for every attorney, legal counsel, and advisor engaged in international factoring, including international managers and their staff.
by Yüce Uyanik, FCI Legal Committee
This book was published in March 2022.
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