We reported in the Winter 2017 edition of the Briefing that we had been informed by BEIS that they were content with a revised form of the Business Contract Terms (Restrictions on Assignment of Receivables) Regulations, which were first proposed as long ago as December 2014.
Continue ReadingWhatever might eventually happen with Brexit, most informed observers will have recently had cause to reflect upon the differential between data protection law in the European Union and that in other advanced jurisdictions such as the US. The recent publicity involving Facebook has emphasised the fact that European Union law is light-years ahead of other mature jurisdictions in this respect.
Continue ReadingWe are pleased to announce that Bermans were named Best Receivables Finance Lawyer 2017 at The Business Money Receivables Awards!
Continue ReadingInvoice financiers are gearing up for the introduction of the GDPR which will introduce significant reforms to data protection law, and are keenly interested in the outcome of discussions which are likely between UK Finance and the Information Commissioner’s Office (“ICO”).
Continue ReadingIt was almost 3 years ago in December 2014 when the Government announced its intention to bring forward legislation outlawing bans on assignment in commercial contracts.
Continue ReadingFollowing an extensive consultation process since 2009 the final version of the Pre-Action Protocol for Debt Claims as dictated by the Ministry of Justice came into force on 1 October 2017.
Continue ReadingThere has been much debate and comment amongst invoice financiers and others following the recent landmark decision of the High Court in BHL v Leumi ABL Ltd [2017] EWHC 1871 (QB), but we have to point out that the decision did not come as a surprise to everyone.
Continue ReadingA 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.
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