Ban on assignment clauses: views from the coalface

Summarises the findings of two qualitative studies assessing the effect of ban on assignment (BoA) clauses in trade receivables financing. Reviews the law applicable to the assignment of receivables to a financier, noting uncertainty over the effect of a BoA clause. Considers whether BoAs in supply contracts adversely affect the availability of finance to small businesses and result in the use of workarounds, thereby increasing the cost of finance