The Business Contract Terms (Assignment of Receivables) Regulations 2018
Legal Issues and Impacts for Receivables Finance.
24 January 2019
The Business Contract Terms (Assignment of Receivables) Regulations 2018 (Regulations) invalidate terms which prohibit or restrict the assignment of receivables in certain English law commercial contracts entered into on or after 31 December 2018.
In this Legal Update, we examine the purpose of the Regulations, the contracts they apply to, the Regulations' key invalidation provision, and some legal issues which might arise following the Regulations' introduction.