Notification as an element of the assignment of receivables

Sa？etak This paper analyses notification as one of the elements of assignment in the context of the Croatian and several other legal orders, as well as in the context of the implementation of applicable law with regard to relations with an international element. Particular attention is devoted to the provisions of the 2001 UN Convention on the Assignment of Receivables in International Trade, the Principles of European Contract Law of 2002, and the UNIDROIT Principles of International Commercial Contracts of 2010, with the aim of pointing out the similarities of regulating notification both in European legal orders and on the international plane. Special attention is also given to the economic purpose of the very mechanism of assignment, and also to the importance of notification in achieving this purpose