David Tatge Quoted in “Promotion and Development of Factoring in Africa: Towards a Facilitative Legal and Regulatory Environment”International Factors Group June 24, 2014
David Tatge, a Member of the Firm in the Corporate Services, Health Care and Life Sciences, and Litigation practices, in the Washington, DC, office, was quoted in "Promotion and Development of Factoring in Africa: Towards a Facilitative Legal and Regulatory Environment."
Following is an excerpt:
David Tatge, the American lawyer specialising in factoring law, made a number of recommendations to African legislators which included to make factoring the best it can be for Africa there is a need for:
- Good model laws covering the rights of the factor, client, debtors and guarantors
- Continuing education on what factoring is and how it differs from other financial products
- A legal system that functions well
- A central registry where liens and securities can be registered and easily located