280 / 522
The debtor may raise defenses against the assignor to the assignee
at the time of notice of the assignment of receivables (Art. 188 of the
Code). Such defenses may include a plea (e.g. non-payment plea) and
objection rights
8
.
Conclusion
The assignment of receivables is one of the most important and
commonly used security methods, and will be continued to be applied
in banking practices. Two key points are that the assignment of receiv-
ables agreement shall be executed in writing, and the debtor is to be
notified with regard to the assignment. The assignee generally requests
a letter from the debtor confirming that the assignment of receivables
agreement is in place, and that he is aware of the assignment.
264
NEWSLETTER 2015
8
Eren
, p. 1241.