Chile: Chile

October 01, 2000

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Claro y Cia

Address

Santiago

Telephone

+56 2 367 3000

Fax

+56 2 367 3003

One of the main problems related to the assignment of receivables in international trade is determining the extent of the rights that are being assigned (also those rights that relate to the validation of the assignment of future receivables and anti-assignment clauses). Every legal system, therefore, aims to enact rules that provide certainty to the parties involved.

In the event of a conflict of laws, and in the absence of a governing law provision, the formal and substantive requirements of a purchase and assignment agreement are governed by the laws of the place where the agreement is executed. However, all the effects of the agreement (ie the rights and obligations arising from it) that take place in Chile must be...



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