I therefore find that the assignment was valid and the assignee could sue in its own name. |
The very essence of a specific charge is that the assignee takes possession, and is the person entitled to receive the book debts at once. |
In fact, it was the assignee of the legatee, but the difference is immaterial. |
In Lotteryking Lightman J held that the set-off operated because the assignee had succeeded to the reversion and to its annexed covenants. |
Assignment results in the transfer from the assignor to the third-party assignee of the right to proceed directly against the debtor or obligor. |
It also pleaded that it had received Indonesian advice that a foreign company could be a lessee or assignee under a lease. |