CLLS financial law committee issues guidance on Legal Assignments under section 136
The City of London Law Society's financial law committee has published a comprehensive note addressing the execution of legal assignments under section 136 of The Law of Property Act 1925. This guidance, released on 30 January 2025, specifically focuses on the execution procedures for English and overseas companies, as well as English limited liability partnerships. The document seeks to provide clarity and direction for legal practitioners dealing with such assignments, ensuring compliance with current property law requirements.