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Nonetheless, it remains to be unclear whether or not it could apply to a business agreement involving non company entities
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The intention was, amongst other issues, to void provisions that prevent the assignment of receivables as a way to lift finance.
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Particularly, with set off provisions remaining as a sound proper of the debtor, a funder will require to consider cautiously the implications of this when obtaining a debt or advancing money in opposition to a personal debt as safety. Similarly, exactly where the deal underneath which the debt arises is with a party primarily based overseas it continues to be highly recommended that area suggestions from the suitably skilled advisor while in the relevant jurisdiction is taken.
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