Restricting the assignment of receivables: pitfalls for floating charges?

Restricting the assignment of receivables: pitfalls for floating charges?

In this article Dr Stephen Connelly highlights the concerns for lenders using
standard loan and security documentation in the provision of substantial (secured) credit to a business which seeks separate receivables-backed finance if the draft Business Contract Terms (Assignment of Receivables) Regulations 2017 are adopted as drafted.

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About the author:

Neeta started her legal career at Allen & Overy in 2008 in the midst of the global financial crisis and the collapse of Lehmans where she gained most of her paralegal experience.

Neeta also did a short stint in litigation at the Revenue and Customs Prosecutions Office in 2006. Neeta graduated with a 2:1 honours degree from University of London, Queen Mary College and went on to obtain a distinction from the College of Law in the Legal Practice. She has been working at Lexis Nexis since April 2013.