Jurisdiction(s):
United Kingdom

Related legal acts

Key definition

Export debt definition

What does Export debt mean? An export debt is a trade receivable arising from the sale of goods or services to a buyer located or domiciled outside the exporter’s home jurisdiction (in UK practice, outside the UK; in Ireland, outside Ireland). It is a descriptive commercial term used across trade finance, factoring and invoice discounting, not a term defined by statute or case law. Key legal features include: cross‑border debtor risk; possible foreign governing law or place of payment; the need for effective assignment or security and enforceability abroad; and currency, sanctions and withholding tax considerations. Although many export contracts choose English law and English...

Cross-border assignment of export receivables: UK Rome I and EU rules on governing law, debtor rights, third-party effects and priority

Published by a LexisNexis Banking & Finance expert

Practice notes

This Practice Note summarises the issues raised in relation to the English law and EU choice of law Rules relating to the voluntary assignment of Receivables (also known as debts) in the context of receivables financing whether by way of an outright assignment or an assignment by way of security.

For ease, this Practice Note considers only outright transfers, though the same analysis applies to security assignments. Historically, exposure to overseas debts has been limited through diversification, relatively modest receivable sizes and Export debt Concentration covenants. As receivables financiers expand cross-border and enter larger, more significant facilities, these traditional measures should be adjusted to guard against potentially material exposures to non-UK receivables. Assigning export debts carries hazards, the clearest being that, in a collect-out, a debtor may contest the effectiveness of the transfer. Between parties operating across borders, suitable local law advice is essential to determine whether any objections may arise to a valid transfer of the receivable and to confirm the formalities by which the transfer was implemented under the applicable law...

To view the latest version of this document and thousands of others like it, sign-in with LexisNexis or register for a free trial.

Web page updated on 21/05/2026

Popular documents

Using the Judicial College Guidelines to assess general damages in personal injury claims

When evaluating a general damages claim, the practitioner ought initially to refer to the Judicial College Guidelines (JCG)...

Tomlin orders in England and Wales: CPR guidance on drafting, confidentiality, approval, variation, enforcement, limitation, CCA issues, court-specific requirements, sample wording and precedents

This Practice Note This Practice Note reviews mechanisms used in settling litigation. A Tomlin order consists of a consent order paired with a schedule. It operates to stay proceedings on terms that have been agreed. The provisions contained in the schedule may remain confidential. This Practice Note describes the scope of confidentiality attaching to the schedule and sets out how it differs from a standard consent order. Sample wording for a Tomlin order is included, alongside links to precedents, as well as guidance on court approval. It also addresses varying, setting aside and enforcing a Tomlin order, including the considerations the court will take into account when handling applications for each. Further guidance is provided on interpreting and applying the relevant provisions of the CPR; however, some courts and divisions impose very specific requirements for both drafting and approval, and for approaching the schedule and confidentiality issues. Accordingly, you must consider the particular rules and court guide provisions in the forum where your claim is proceeding when drawing up the Tomlin order...

Precedent: Deed of Surrender of Lease with Optional Premium, Settlement and Release, Landlord, Mortgagee and Guarantor Consents, Reimbursement and HM Land Registry Provisions (England and Wales)

Date [ date ] Parties [ name of Landlord ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Landlord) [ name of Tenant ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Tenant) [ [ name of Guarantor ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Guarantor) ] [ [ name of Mortgagee ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Mortgagee) ] Definitions Within this Deed, the terms below shall be interpreted as follows: [ Annual Rent • the annual sum reserved under the Lease; ] [ Insurance Rent • the Tenant’s share of the Landlord’s costs of insuring the Property (as set out in the Lease); ] Lease • the lease of the Property dated [ date ], entered into between (1) [ the Landlord OR [ name ...

Precedent Statutory Declaration: Standard Wording under the Statutory Declarations Act 1835

I, [ name ], of [ address ], solemnly and sincerely state that: [ Matters to be verified, set out in numbered paragraphs ] I make this solemn statement in good conscience, believing it to be true, and pursuant to the provisions of the Statutory Declarations Act 1835. DECLARED at [ details ] this [ day ] day of [ month and year ] Before me ................................................................................ [ signature of the person before whom the declaration is made ] A [ commissioner for oaths OR [ solicitor OR [ insert other qualification ] ] authorised to administer oaths ]...