Jurisdiction(s):
United Kingdom

Related legal acts

Key definition

ACT definition

What does ACT mean? In corporate and banking practice, ACT usually refers to the Association of Corporate Treasurers, the UK-based professional body for corporate treasury professionals, rather than a statutory “Act”. It is not defined in legislation or case law; the acronym is market terminology used in transaction documents and governance materials. The Association of Corporate Treasurers promotes professional standards in liquidity management, funding, cash and risk management, foreign exchange and derivatives. It publishes guidance and a code of ethics and awards recognised qualifications (including AMCT and FCT). In legal contexts, references to “ACT-qualified” personnel or to ACT good practice may appear in treasury policies,...

2018 construction law developments archive: legislation, fire safety, standard forms, dispute resolution, appellate cases and infrastructure

Published by a LexisNexis Construction expert

Practice notes

ARCHIVED

This Practice Note is archived and no longer updated. The Construction horizon scanner monitors forthcoming developments of interest to construction lawyers; once an item materialises, it is shifted into the archive for its corresponding year. This page holds developments that took place in 2018. For case law, see: Construction case tracker—2018 [Archived].

Legislation

Invoice assignment: Prohibition on contract clauses that bar the assignment of a receivable, stop an assignee assessing its validity or value, or obstruct enforcement.
- When? 31 December 2018
- What happened? The Business Contract Terms (Assignment of Receivables) Regulations, SI 2018/1254 introduced the ban for contracts entered into on or after 31 December 2018.
- Find out more: Draft regulations were issued in September 2017 (see LNB News 18/09/2017 97) but withdrawn in November 2017 (see News Analysis: Business Contract Terms (Assignment of Receivables) Regulations 2017: Unexpected consequences for lenders and LNB News 24/11/2017 73). Revised drafts were published in July 2018—see LNB News 06/07/2018 82 and News Analysis: Updated draft regulations on business contract terms. The new regulations were approved by the House of Commons on 11 September 2018 and by the House of...

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Web page updated on 21/05/2026

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