Clifford Chance

Assign of the times or just assign of things to come

1 February 2016

You may not have yet come across The Business Contract Terms (Restrictions on Assignment of Receivables) Regulations but you are likely to hear a lot more about them in coming months.

Beneath this rather mundane title lies well-intended legislation which has adopted an over-simplistic approach to the spectrum of payment arrangements in various industries, applying itself in circumstances well beyond its states intention and leaving businesses and lawyers alike with a number of unanswered questions.

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