Factoring Agreement as Ground for Assignment of Rights Transaction Under Laws of Republic of Kazakhstan
Abstract
The article deals with the legal regulation of factoring (a financing contract for the assignment of a monetary claim) under the legislation of the Republic of Kazakhstan. The author draws attention to the fact that according to the provisions of the Civil Code, not only the provisions of the factoring agreement regulate the transfer of rights.
The analysis of the norms of the Civil Code of the Republic of Kazakhstan allows us to conclude that the purpose and factoring are closely interconnected, and the author concludes that the legislation of Kazakhstan defines factoring as one of the types of assignment of requirements and factoring is considered as an assignment of claims with special specificity, distinguishing it from other characteristics types of concessions.