Housing Grants, Construction and Regeneration Act 1996: Primary legislation governing construction contracts in England and Wales, particularly important for payment provisions and dispute resolution mechanisms in construction projects
Financial Services and Markets Act 2000: Key legislation regulating financial services and escrow arrangements, establishing the framework for handling and protecting funds in escrow
Trustee Act 2000: Legislation defining the duties and obligations of trustees and escrow agents, establishing standards of care and fiduciary responsibilities
Contracts (Rights of Third Parties) Act 1999: Legislation governing how third parties may enforce terms of a contract, relevant for stakeholders in construction escrow arrangements
The Scheme for Construction Contracts Regulations 1998: Secondary legislation providing detailed requirements for payment terms and adjudication procedures in construction contracts
Money Laundering Regulations 2017: Regulations establishing compliance requirements for handling funds and preventing financial crime in escrow arrangements
Contract Law Principles: Common law principles governing contract formation, consideration, and enforcement, fundamental to escrow agreement validity
Trust Law Principles: Common law principles establishing fiduciary duties and obligations in trust-like arrangements such as escrow
Property Law Principles: Common law principles governing the transfer of funds and security interests in construction escrow arrangements
JCT Standard Forms: Industry-standard construction contract forms published by the Joint Contracts Tribunal, providing framework for construction agreements
NEC Contract Forms: New Engineering Contract forms providing standardized approaches to construction contracts and related agreements
ICE Conditions: Institution of Civil Engineers standard conditions for construction contracts, relevant for escrow arrangement terms
FCA Regulations: Financial Conduct Authority regulations governing financial services and protection of client funds
Professional Conduct Rules: Regulatory requirements governing the conduct of escrow agents and other professionals involved in construction escrow arrangements
Data Protection Act 2018/GDPR: Legislation governing the handling and protection of personal data in business transactions including escrow arrangements
