A recent case between a foreign bank and BP Oil as assignor on somewhat unusual facts required the court to examine the principles of assignment of contract rights, and resulted in a very expensive lesson for the assignor.
Continue ReadingOn 15 March 2017 the Government published draft new Regulations intended to implement the Fourth Money Laundering Directive ((EU) 2015/849) (“MLD4”) that needs to be transposed into UK law by 26 June 2017.
Continue ReadingWe are pleased to announce that we have very recently published the fourth edition of our popular Guide to Invoice Finance Law , which brings the previous third edition published in 2012 right up-to-date with relevant legislative and case law developments.
Continue ReadingAs long ago as December 2014 the Government announced its intention to bring forward legislation outlawing bans on assignment in commercial contracts.
Continue ReadingThe process of replacing the Insolvency Rules 1986 and 28 subsequent amendments has necessarily involved difficult balancing exercises between the interests of numerous stakeholders, but the general consensus among creditors is that The Insolvency (England and Wales) Rules 2016 (SI 2016/1024) (“IR 2016”) which came into force on 6 April 2017 are likely to significantly improve the insolvency process for most creditors.
Continue Reading
| 
