Law of Property Act 1925: Primary legislation governing legal assignments, particularly Section 136. Establishes key requirements for valid legal assignments including that they must be absolute, in writing, and written notice must be given to the debtor.
Companies Act 2006: Sets out registration requirements for charges created by companies and related disclosure obligations in the context of assignments.
Financial Services and Markets Act 2000: Regulatory framework that may apply if the assignment involves regulated financial activities.
Late Payment of Commercial Debts (Interest) Act 1998: Legislation governing the implications for assigned debts and interest calculations in commercial transactions.
Contracts (Rights of Third Parties) Act 1999: Defines the rights of third parties in relation to the assignment and their ability to enforce contractual terms.
Business Contract Terms (Assignment of Receivables) Regulations 2018: Regulations that address restrictions on assignment prohibition clauses in business contracts, affecting the validity of certain contractual restrictions on assignment.
Common Law Principles: Established legal principles regarding equitable assignments, notice requirements, priority rules, and the rights and obligations of involved parties.
Data Protection Act 2018 and UK GDPR: Data protection legislation that must be considered if personal data is involved in the assignment of receivables.
