Is ths legal.....?Arrow Global Guernsey/Orange

[Tingy]

A bit of a technical question here. Two parts to it:

 

1. Received a NOA from Arrow Global Guernsey Ltd this morning. The wording makes it look like an absolute assignment BUT omits the word duties. It is as follows: "Under an assignment agreement dated 21st September 2010, the respective rights, title and interest in the above account (including the right to receive payment of the outstanding balance) was further assigned by Everything Everywhere Ltd to Arrow Global Guernsey Ltd (AGGL).

 

What type of assignment do you think this is absolute or equitable?

 

2. It then goes on to say payments must be made to Frederickson International Ltd, Weybridge etc... As Arrow are offshore based in Guernsey, do they have the right to collect on the mainland? Do they have the right to collect through Fredericksons?

 

Any help much appreciated as always,

 

Tingy

 

[buzby]

Nothing intrinsically wrong - Fredricksson are their UK agency, so they are the point of contact. Heck, Everything Everywhere is French!

[Tingy]

Anyone know the answer to Number 1 now?

 

Thanks Buzby - answers No2 for me. What are Orange doing selling / passing their accounts to a French company?

[buzby]

Orange IS a French company! They have been since Vodafone sold them to France Telecom in 2004 (ish).

[Tingy]

Thank you Buzby, that would explain it.

 

Just Number 1 to answer now.

[sequenci]

Orange IS a French company! They have been since Vodafone sold them to France Telecom in 2004 (ish).

 

Wasn't it Hutchinson Telecom that sold it to them? Or was that at another time!

 

I worked for Vodafone at the time. I'm sure Orange was their arch-enemy!

 

I might be mistaken though, I didn't really get too involved with all of this big company madness. ALthough I remember something that perhaps Vodafone took over a firm that owned Orange and had to get rid of the business due to competition reasons?

 

Quite interesting. I'm pretty clueless!

[Tingy]

Thanks Seq!

 

Any idea what type of assignment you think it is?

[sequenci]

I think it's likely to be absolute. When I worked there they sold debts after a period of time (6 months I think). This could have changed. I left in 2006.

[Tingy]

I think it's likely to be absolute. When I worked there they sold debts after a period of time (6 months I think). This could have changed. I left in 2006.

 

thanks Seq,

It did appear that way to me, BUT I know they often try to make it look absolute but omit the word "duties" as they have here. Normally an absolute announcement would include the word duties I believe?

[sequenci]

That I wouldn't know my good man, I'm not up on this area at all. (I need to learn it at some point soon!)

[Tingy]

No problem - thanks as ever for your help.

 

Tingy

[nicklea]

No, all it needs to say is that your debt has now been assigned to the new company