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Disclosed meaning

What does Disclosed mean?
In receivables finance (factoring and invoice discounting), disclosed means the debtor is notified that the receivable has been assigned by the client/seller to a receivables purchaser (assignee) and is instructed to pay the purchaser directly. It is a market description rather than a defined statutory term, but it operates alongside statutory and common law rules on assignment and notice. Key legal effects: - After notice, the debtor should pay the assignee; payment to the seller will not usually discharge the debt. - In England & Wales and Northern Ireland, a written assignment with notice can take effect as a legal assignment, enabling the assignee to sue the debtor in its own name; without notice the assignment is generally only equitable. - In Ireland, similar statutory principles apply: notice is required for a legal assignment enforceable in the assignee’s own name. - In Scotland, an assignation becomes effective against the debtor on intimation; since 2018, registration can also perfect the assignation, though disclosed structures typically include intimation and payment redirection. Practical significance: supports enforceability and collections, reduces double-payment risk, and may affect set-off and defences depending on when they arise. The opposite structure is undisclosed (confidential) receivables finance, where no debtor notice is given.
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View the related Checklists about Disclosed

CHECKLISTS
Breach of warranty claims under SPAs (and APAs): claimant pre-action checklist and key procedural steps and deadlines (England and Wales)

This Checklist sets out the key points to consider when advising a prospective claimant on a potential breach of warranty claim arising from a share purchase agreement (SPA). The same broad approach will apply to an asset purchase agreement (APA). For additional guidance on breach of warranty claims, see the related content links on the right-hand side. Read this Checklist together with Practice Note: Starting an SPA breach of warranty claim—a practical guide... Action Comments Review the SPA Check the: governing/choice of law provisions — is the agreement governed by English law? jurisdiction provisions — do the English courts have jurisdiction? warranty provisions and warranty limitation provisions — does the issue fall within the warranties and are you within the time limit to bring a breach of warranty claim? Note all deadlines in the agreement that could be relevant to any potential warranty claim... Review the disclosure letter Confirm that the issue has not been disclosed against...

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CHECKLISTS
Online consumer digital content terms and conditions: UK compliance checklist covering CRA 2015 fairness, CCR 2013 information and DMCCA 2024 unfair practices

This Checklist highlights the key considerations when creating or revising online terms and conditions for delivering digital content to consumers. It is intended for use where a lawyer needs to ensure those terms and conditions meet consumer protection law (and any accompanying guidance)... Use this Checklist alongside: Key consumer information requirements—checklist Information requirements under the Consumer Contracts (Information, Cancellation and Additional Charges) Regulations 2013—checklist Consumer cancellation rights under the Consumer Contracts (Information, Cancellation and Additional Charges) Regulations 2013—Digital Content—Flowchart General information to be disclosed by e-commerce websites Drafting consumer contracts—checklist For insight into the principal legal points to address when planning and building a business-to-consumer (B2C) e-commerce site for trading with consumers, see Practice Note: Business to consumer e-commerce—legal issues... Introduction Businesses selling to consumers face more stringent legislative obligations and therefore must scrutinise their terms and conditions, as well as their marketing communications, with particular care...

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CHECKLISTS
Contesting mutual legal assistance evidence: practitioner checklist on letters of request, disclosure, judicial review, admissibility, exclusion and abuse of process

This Checklist should be read alongside Practice Notes: Mutual legal assistance (MLA) and Grounds for refusing assistance by the requested authority... The Letter of Request (LOR) Requests from the UK for mutual legal assistance (MLA) are made through a formal letter of request (LOR). Under the Crime (International Co-operation) Act 2003 (C(IC)A 2003), the UK judicial authorities that may seek assistance are any judge or justice of the peace in England and Wales. A prosecution authority designated by an order of the Secretary of State may likewise request assistance where the conditions in C(IC)A 2003, s 7(5) are fulfilled: it appears to the authority that an offence has been committed there are reasonable grounds for suspecting that an offence has been committed, and the authority has instituted proceedings in respect of the offence in question or the offence is being investigated Issuing authority When considering the LOR itself, ask: Was the LOR issued by a judge...

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NEWS
BC v BC [2025] EWFC 236: court not entitled to know if offers made or indication given at pFDR; FRC Primary Principles para 8 goes too far; neutral details disclosable.

BC v BC [2025] EWFC 236 What are the practical implications of this case? The key takeaway for practitioners is to disregard paragraph 8 of the FRC Primary Principles, in particular its closing clause which states ‘and an assurance that offers were made on each side and an indication given’. Whether the FRC will issue a revised iteration of the Primary Principles to reflect Peel J’s ruling remains uncertain at this stage. Practitioners should likewise observe the effective bar on obliquely attributing fault for an unproductive pFDR by referring to a party having left the appointment after an indication was given, as such references amount to indirect blame. The ruling should, in turn, streamline the pFDR process and reduce the scope for satellite litigation that might otherwise follow, notably where no settlement is achieved. In essence, the only matters that should be disclosed are neutral particulars confirming that a pFDR has taken place, and nothing more. What was the background? The parties had taken part in...

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NEWS
High Court of England and Wales: Radmat denies infringement and seeks revocation of Aco Ahlmann’s GB2590733B blue roof drainage patent

Radmat Building Products Ltd stated before the High Court, in a July 2025 defence newly made public, that Aco Ahlmann SE & Co KG ought to be stripped of its exclusive rights to a roof-based drainage system capable of retaining water, contending that one of Radmat's then-available products could have led engineers to devise it. Ahlmann has lately claimed Radmat produced a drainage solution named 'PermaQuik 800' that trespasses on its invention. Radmat now maintains, the defence says, that one of its roofing systems disclosed crucial aspects of Ahlmann's concept before the competitor sought protection for it...

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NEWS
CJEU: EU261 ticket refunds after cancellation must include intermediary commission, even if the airline is unaware of the amount (VKI v KLM, 2026)

Verein für Konsumenteninformation v Koninklijke Luchtvaart Maatschappij NV., Case C-45/24, ECLI:EU:C:2026:2 What are the practical implications of this case? Up to now, airlines have typically maintained that when a ticket is refunded owing to a cancellation or a delay exceeding five hours, any commission levied by an intermediary, such as a travel agent at the time of booking, falls outside the reimbursable sum. Carriers generally do not know the commission figure and do not receive it as part of the fare revenue. Such commission is usually neither disclosed to the airline nor remitted with the ticket proceeds. This judgment confirms that, where a carrier is obliged to return the ticket price following a cancellation (or a long delay beyond five hours), the repayment must also cover the intermediary’s commission, even if the carrier does not know the amount involved. That position holds irrespective of the carrier’s knowledge of the figure at any point. As a result of this outcome, airlines will need to liaise with agents to determine...

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PRACTICE NOTES
Whistleblowing: Protected disclosures under the Employment Rights Act 1996—qualifying tests, public interest, disclosure routes, prescribed persons’ duties, exceptions, and limits on NDAs/confidentiality clauses

Practice Note This Practice Note explores what amounts to a protected disclosure for the whistleblowing protections in the Employment Rights Act 1996 (ERA 1996), into which the relevant provisions of the Public Interest Disclosure Act 1998 (PIDA 1998) have been incorporated. It addresses the general features of disclosures, when they qualify as qualifying disclosures, the need for a whistleblower to hold a reasonable belief that a relevant category of wrongdoing has occurred, and that the disclosure serves the public interest, where appropriate and necessary. It further considers when qualifying disclosures obtain protection and identifies the prescribed persons (people) to whom a disclosure may properly be directed. In addition, the Practice Note summarises the reporting obligations placed on certain prescribed persons to produce an annual written report concerning the workers’ disclosures received by them...

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PRACTICE NOTES
UK trusts: HMRC TRS beneficial ownership disclosure and record-keeping obligations under MLR 2017/2020, with update deadlines, third-party access, and guidance on identifying beneficiaries and settlors

Money Laundering Regulations 2017 and Money Laundering Regulations 2020 The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (MLR 2017), SI 2017/692, sit within the UK’s anti-money laundering and counter-terrorist financing framework. They took effect on 26 June 2017 to implement the EU’s Fourth Anti-Money Laundering Directive, Directive (EU) 2015/849 (4MLD), and have subsequently been broadened significantly by the Money Laundering and Terrorist Financing (Amendment) (EU Exit) Regulations 2020 (MLR 2020), SI 2020/991. Those 2020 amendments give effect to aspects of the EU’s Fifth Anti-Money Laundering Directive, Directive (EU) 2018/843 (5MLD), concerning the registration of trusts. The Money Laundering and Terrorist Financing (Amendment) Regulations 2019, SI 2019/1511, also transposed elements of 5MLD into UK law; however, they addressed areas other than trust registration and therefore fall outside the ambit of this Practice Note. Unless indicated otherwise, references in this Practice Note to MLR 2017, SI 2017/692, should be read as including the changes introduced by MLR 2020, SI 2020/991. The chief focus of...

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PRACTICE NOTES
UK competition authorities and sector regulators—abuse of dominance closed cases tracker (Article 102 TFEU/Chapter II CA98; 2013–present)

This table outlines completed CMA, OFT and sectoral regulator investigations from 2013 under Article 102 TFEU/Chapter II of the Competition Act 1998. Only publicly disclosed cases are included. For ongoing behavioural matters, see UK behavioural investigations—ongoing cases tracker. For appeals, see UK competition appeals—ongoing cases tracker. For completed Article 101 TFEU/Chapter I cases, see UK behavioural investigations under Article 101 TFEU/Chapter I Competition Act—closed cases tracker. For instances where the CMA has pursued director disqualification, see UK competition director disqualifications—cases tracker. 2025 Gas transportation — Scotia Gas Networks; Ofgem. Issue: alleged abuse of dominance. Commitments accepted—02/12/2025 Consultation on commitments launched—09/09/2025 Investigation opened—08/03/2024 Vifor Pharma (abuse of dominance) — Vifor Pharma; CMA. Issue: alleged abuse of dominance by making misleading claims about a rival iron treatment. Commitments accepted—23/05/2025 Consultation on commitments launched—10/12/2024 Investigation opened—31/01/2024 2024 ...

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PRECEDENTS
Buyer-favourable warranty and tax covenant limitations schedule for corporate seller SPAs: periods, caps, de minimis, specific exclusions, claims conduct, third-party recoveries and mitigation

Insert the following as new definitions (if not already included) in the definitions and interpretation clause of the share purchase agreement: 1 Definitions and interpretation Fairly Disclosed • means information [ fully, fairly and accurately ] disclosed [ (relating specifically to the subject matter of the Warranty and without omitting any fact which may render the Warranty and the matter disclosed untrue, inaccurate and misleading) ] and presented with sufficient clarity and detail to allow a buyer to reach a clear, informed and accurate evaluation of the relevant facts, matters or circumstances concerned; Losses • means any and all liabilities, costs, outgoings (including legal expenses), claims, actions, proceedings, damages, fines, penalties, loss of profit [ and Consequential Loss ]; Tax Warranties • denotes the warranties [ and representations ] contained in paragraph [ insert number ] of Schedule [ insert number ], and Tax Warranty refers to any one of them; Warranties • signifies the warranties [ and representations ] included in Schedule [...

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PRECEDENTS
Precedent: Letter to affected individuals notifying personal data breach under the Privacy and Electronic Communications (EC Directive) Regulations 2003 (SI 2003/2426)

Letter notifying data subject of data breach under the Privacy and Electronic Communications (EC Directive) Regulations 2003, SI 2003/2426 [ Data subject’s name and address ] [ Date ] Dear [ insert name ], Notification of data breach On [ insert date ] we identified that [ what has occurred, ie a personal data breach (including whether an unauthorised third party was involved) ]. [ We believe that the OR The ] incident is understood to have taken place on [ insert date ]. Our enquiries [ to date ] indicate that the data [ was accessed by an unauthorised person OR was disclosed without authorisation OR was stolen OR was lost OR was destroyed OR was altered ] [ may have ] comprised personal information, for example [ describe the data and, if possible, confirm whether you consider the recipient’s data to have been affected, eg the names and addresses ]...

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PRECEDENTS
Farm Business Tenancy (England and Wales): ATA 1995 short-term (up to two years) precedent with optional guarantor, insurance, early termination, and payment entitlement/quota provisions

1 Definitions Within this Agreement, certain expressions carry specific meanings. Illustrative terms include: AA 2020: the Agriculture Act 2020; ATA 1995: the Agricultural Tenancies Act 1995 Adjoining Property: Retained Land and nearby premises; Adjoining Property Rights: rights over the Holding benefiting such land Agreement: this instrument and any supplementary or collateral document Annual Rent: yearly sum payable from the Rent Commencement Date on Rent Days Authority: any statutory, public or local body, court, government department or duly authorised officers Conduits: media and equipment for carrying energy, data or substances Costs: losses, expenses, damages and liabilities Direct Payment: any BPS Payment or SFS Payment, as applicable Eligible Holding: parts of the Holding qualifying for a Rural Support Payment Forfeiture Event: designated insolvency processes, non-payment, or breach Genetically Modified Organisms: as defined by the Environmental Protection Act 1990, including modified or derived crops Holding: the identified property shown on the Plan Insured Risks: perils the Landlord...

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Q&As
Children Act 1989: Father with PR seeking disclosure of child’s medical and school records—what application form?

Parental responsibility Parental responsibility, as defined in section 3(1) of the Children Act 1989 (ChA 1989) itself, means all the rights, duties, powers, responsibilities and authority which, by law, a parent has regarding the child and his property. Anyone with parental responsibility is, as a matter of right, entitled to copies of both medical records and school reports, and the surgery or school should provide these...

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Q&As
Relief from sanctions for late/defective list of documents?

CPR 31.10 contains provisions for the disclosure of documents by way of a list. Obligations to disclose continue until the case is concluded. If additional documents are discovered after a list has been served, a supplementary list must be provided (CPR PD 31A, para 3.3). For broader guidance on disclosure, see Practice Notes: Disclosure under CPR 31—introduction and Disclosure—standard disclosure and the reasonable search. When issuing directions, the court will fix the deadline by which the list must be served on the other party. CPR 31.21: a party cannot rely on a document it has not disclosed unless the court grants permission. CPR 32.10 (witness statements) and CPR 35.13 (experts’ reports) are framed so that, upon default, court permission is required to adduce or rely on that evidence. This points to an application for permission, rather than an application for relief from sanctions, being the more suitable course where these kinds of breaches arise...

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Q&As
Children Act 1989: must give attendance note to absent respondent?

Legal professional privilege Legal professional privilege denotes a doctrine shielding particular categories of documents from scrutiny or inspection by the opposing party to the case. Legal advice privilege covers materials containing advice irrespective of whether proceedings are envisaged at any stage. Litigation privilege concerns documents created when litigation is extant or on foot, anticipated, or pending as such. Both are treated as sitting beneath the umbrella of legal advice privilege. A hearing attendance note will, as a rule, come within litigation privilege and so need not be disclosed to the other side. The request for a copy of that hearing note may, therefore, be made with a respondent’s potential appeal in mind...

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