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Yet Further Delay in outlawing bans on assignment

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.

The draft Regulations were submitted for parliamentary approval, but shortly thereafter the draft was withdrawn for further consultation in somewhat mysterious circumstances.

However, UK Finance remains involved in attempting to progress the process and we understand that the Government remains committed to legislate.

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