Research On Legal Issues Of Multiple Factoring

The Civil Code of the People’s Republic of China includes factoring as a newly added famous contract in the Contract Series of the Civil Code of the People’s Republic of China.Article 768 of the Civil Code on multiple factoring clarifies the settlement mode of the conflict of rights arising from the continuous factoring of the same account receivable creditor’s rights,which plays a certain role in the protection of the factoring.But this provision is only applicable to the factoring between the general provisions on the assignment of creditor’s rights but there is no corresponding provisions connected with it,which led to conflict of rules.Based on the judicial and academic viewpoints as well as the enlightenment from the legislation of different models,this paper proposes to solve the conflict of rules caused by multiple factoring legal systems by explaining the application of multiple factoring legal systems and further improving the establishment of the registration system.