Advice and Support with:
Contact and negotiations with the Federal Financial Supervisory Authority (BaFin)
Development, planning and implementation of new business models
Assessment of new customers (factorability of the business model)
Review of sales conditions, purchasing conditions and framework agreements of creditors or debtors of factoring customers
Imbalances or exposure settlements of factoring customers and central settlement affiliates
Endangering one's own legal position through, for example, insolvency challenges or claims from conditional suppliers
Factoring and Settlement Law
The field of factoring and central settlement law does not formally exist and is merely the result of the professional development of Mr Hartenfels.
Legal Coverage in Factoring
Ultimately, this covers all core legal areas and activities that are necessary in connection with the conduct of the factoring business or central settlement.
In practice, this rare professional specialization means, for example:
Design and Negotiation of:
Factoring contracts
Central settlement agreements
Credit insurance contracts
IT contracts (license and maintenance contracts)
all documents required for the execution of factoring and central settlement transactions, such as tripartite agreements, negative declarations, guarantee declarations, subordination declarations, collateral allocation agreements, security transfer agreements, etc.