Examples of using Assignee in English and their translations into Arabic
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Colloquial
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Political
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Ecclesiastic
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Ecclesiastic
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Computer
In practice, the assignee would acquire rights in future receivables only if they are in fact created,
the debtor could claim damages only from the assignor and not from the assignee.
It was explained that, in the absence of certainty as to how to obtain an in rem right, an assignee could have no assurance that it would receive payment in the case of the assignor ' s insolvency.
bad faith on the part of the assignee.
Subparagraph(b) is intended to ensure that the draft Convention does not affect any statutory prohibitions existing with respect to the acquisition of rights in real estate by an assignee of receivables related to the real estate.
Contained in subparagraph(b), that the assignor has not already assigned the receivable is aimed at holding the assignor accountable to the assignee if, as a result of a previous assignment by the assignor, the assignee does not have priority.
Article 26 covers the specific situations in which payment is made to the assignee or to the assignor but the assignor holds the proceeds in a separate account on behalf of the assignee. .
One of the issues still to be resolved in connection with the draft Convention on Assignment in Receivables Financing was the question of debtor-protection in the relationship with the assignee.
assignor made an assignment, moved its central administration to another country and then made a second assignment of the same receivables to another assignee.
That is, it is only where the assignor may ultimately be liable to the assignee that it has an interest in the method of the collection or other disposition of the receivables(see A/CN.9/631, recommendation 162).
similar arrangement with the assignor pursuant to which the latter continues to collect the receivable on behalf of the assignee.
Failure of the assignor to perform the original contract does not entitle the debtor to recover from the assignee a sum paid by the debtor to the assignor or the assignee. .
In addition, subjecting the assignee to such potential liability would inadvertently result in an increase in the cost of credit even if such liability did not actually arise,
(2) An assignee entitled to priority may at any time voluntarily subordinate its priority in favour of a competing assignee, whether or not that competing assignee is then in existence.[The subordination may be unilateral or may occur by agreement with the assignor, the competing assignee or any other person.].
other functionally equivalent arrangements, such as when(a) the assignor agrees to repurchase a receivable sold to the assignee if the debtor on the receivable fails to pay; or(b)
(2) Without prejudice to the rights of parties in possession of the goods, a right securing payment of the assigned receivables is transferred to the assignee, notwithstanding any agreement between the assignor and the debtor, or the person granting the security right,
such as priority between competing assignees(e.g., where applicable law would give priority to the assignee who first notified the debtor), which was said to be inappropriate.
It was noted that, under paragraph(2), if any assignee was liable towards the debtor or any assignor under other applicable law outside the draft Convention for further assigning the receivable despite an anti-assignment clause contained in the original contract, in the assignment or in any subsequent assignment, that liability was not extended to any subsequent assignee.
A personal or property right securing payment of the assigned receivable is transferred to the assignee without a new act of transfer. If such a right, under the law governing it, is transferable only with a new act of transfer, the assignor is obliged to transfer such right and any proceeds to the assignee.
by providing that a receivable can be transferred to the assignee notwithstanding any agreement between the assignor and the debtor limiting assignment, and that the assignee is not liable to the debtor for breach.