In Poland, the factoring market is a young market, with only 16-year history, and very quickly growing. The reasons for changes therein are: a great demand at the part of enterprises for factoring services and a briskly operating groups of factors who have been promptly reacting to the market needs and adjust their services to the market. The surveys show that in 2008 there took place spectacular developments in the factoring market (value of bought out debts grew by 51% and the number of factorers by 17%), which were braked by the "economic slowdown". However, it is estimated that factoring, as an instrument improving financial liquidity, will be further growing quickly.
In this article, regulations by law regarding change of creditor on the ground of an Assignment Agreement are presented. Previously, the Polish law of obligations was set in Code of Obligations. This Code has been replaced by the regulations contained in the Civil Code which has been in force till now. The Legislator expressly ensures the Debtor the same rights and obligations before and after the Assignment. Particular articles of the Civil Code herein presented give the full image of protection of the debtor. Debt collection agencies in Poland, as main entities in claims trading, are obliged to follow the statutory provisions in order to avoid liability towards the debtor.