FIN.

NEW BUSINESS CONTRACT TERMS REGULATIONS WITHDRAWN

The draft Business Contract Terms (Assignment of Receivables) Regulations 2017, which had been laid before Parliament on 14 September 2017, have now been withdrawn

The draft regulations had been the subject of criticism from the City of London Law Society and other commentators. It remains to be seen whether the government will seek to pass a revised form of the regulations, or other legislation to remove barriers to receivables finance for SMEs, in the future.

Emma Radmore