Contracts (Rights of Third Parties) Act 1999

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It is now lost in the mists of time, but once upon a time there must have been a reason why the international capital markets was so collectively hostile to the Contracts (Rights of Third Parties) Act 1999

Most likely the lawyer’s instinctive, huffy, reactionary petulance — which (while poor) was understandable in 1999, but ladies and gentlemen, come on: haven't we grown out of that now?