FGV Projetos and the Brazilian Superior Court of Justice (STJ) will host the seminar Factoring from the Perspective of the Brazilian Superior Court of Justice in Brasília, on March 10, starting at 8:30 a.m. The event is supported by Associação Nacional de Fomento Commercial (Anfac - National Factoring Association), Federação Brasileira de Fomento Comercial (Febraf - Brazilian Factoring Federation) and Instituto dos Advogados de São Paulo (Iasp - São Paulo Lawyers Institute). 

The seminar will discuss the regulation of the sector in the country, addressing the project of the new Code of Commerce, as well as specific topics, such as the characteristics of the assignment of credit and foreign exchange law in factoring, and the perspectives of case law in factoring. 

Experts and authorities invited to participate in the event include STJ judges Antônio Carlos Ferreira, Isabel Gallotti, João Otávio de Noronha, Marco Aurélio Bellizze, Paulo Dias de Moura Ribeiro, Paulo de Tarso Sanseverino, Raul Araújo Filho, and Ricardo Villas Bôas Cueva. Prosecutor Márcio Guimarães, congressman Laércio Oliveira, and lawyers Ana Tereza Basilio, Henrique Leite, and Paulo Penalva Santos will also attend the meeting. 

Factoring 

Factoring is part of the strategy of more than 50 countries, including the U.S., Mexico, Chile, Costa Rica, Colombia, Peru, Ecuador, France, Spain, England, Italy, Sweden, Norway, and China, among others. This practice moves more than three billion Euros worldwide. In Brazil, it involves approximately 200,000 companies, generating more than 2.5 million direct and indirect jobs.  

In Brazil, operations developed by factoring companies are classified as commercial activities to assist and leverage mostly small and mid-sized corporations, in order to develop their businesses, based mainly on the purchase of receivables.

The practice allows companies to immediately receive the value of credit sales, which raises liquidity and allows them to leverage, or even maintain, their businesses. For instance, this process enables cash flow adjustments, bill payments, cash purchases of raw materials, reduction of financial liabilities, and investments in the company itself. 

In addition to purchasing securities, factoring companies can provide a range of services to small and mid-sized companies, including monitoring of sales and accounts payable and receivable, assessment and selection of vendors and collection, among others.

Those interested in attending the event must register on the website.