Certain changes to the execution of deeds and documents came into effect on 15 September 2005. The objective was to standardise the formal requirements for execution by companies, corporations and individuals in England and Wales. Whilst the changes are technical in nature, they have brought clarity in this area which should assist in the completion of transactions.
A number of inconsistencies and uncertainties in English law in connection with the execution and delivery of deeds and documents were recently identified and summarised in a Law Commission Consultation Paper.
As a result, the Regulatory Reform (Execution of Deeds and Documents) Order 2005 (the "Order") was made. The Order came into force on 15 September 2005. It addresses a number of these issues to standardise the formal requirements for the execution of deeds and documents by companies, corporations and individuals.
