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Bermans wins Best Receivables Finance Lawyer award
We are pleased to announce that Bermans were named Best Receivables Finance Lawyer 2017 at The Business Money Receivables Awards!
Continue ReadingData Protection and the GDPR
Invoice 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 ReadingRegulations to outlaw bans on assignment almost ready
It 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 ReadingPre-Action Protocol for Debt Claims
Following 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 ReadingCollection Fees under Scrutiny
There 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 ReadingProhibition against assignment proves expensive
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 ReadingNew Money Laundering Regulations
On 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 ReadingNew Edition of Guide to Invoice Finance Law
We 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 ReadingFurther Delay in outlawing bans on assignment
As long ago as December 2014 the Government announced its intention to bring forward legislation outlawing bans on assignment in commercial contracts.
Continue ReadingCautious welcome from Creditors for new Insolvency Rules
The 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.
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