Set-off and netting

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Produced in partnership with Peter Olds of Cleary, Gottlieb, Steen & Hamilton 12th Jan
Practice notes
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[insert date]To:[insert full name and address of lender]Dear [insert full name of lender]I am a director of [insert full name of borrower] (the...
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Most recent Set-off and netting content

Practice notes
IntroductionSet-off refers to claims that may be set-off against other claims. A set-off is the right of one party, Party A, who is owed money by...
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Produced in partnership with South Square and BDO LLP 15th Jan
Practice notes
IP COMPLETION DAY: 11pm (GMT) on 31 December 2020 marks the end of the Brexit transition/implementation period entered into following the UK’s...
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12th Jan
Q&As
This Q&A discusses the rights of a lender to set off a sum that the lender owes to a borrower (eg a credit balance on a deposit account) against an...
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Produced in partnership with Brian Cain 8th Jan
Q&As
Parties’ rights are often defined, restricted or excluded by a specific contractual clauses agreed between the parties at the outset of their...
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Produced in partnership with Thomas Samuels of Gough Square Chambers 8th Jan
Q&As
The banker’s right of set-off refers to the right of a bank to combine two or more of a customer’s accounts held with that bank, where one account has...
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Produced in partnership with Richard Hanke of 3 Verulam Buildings (3VB) 8th Jan
Practice notes
IP COMPLETION DAY: 11pm (GMT) on 31 December 2020 marks the end of the Brexit transition/implementation period entered into following the UK’s...
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23rd Dec
Practice notes
Contractual set-off is one of the five main types of set-off described in Practice Note: Types of set-off.Contractual set-off arises where a right of...
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3rd Dec
Practice notes
Although it commonly arises in the context of disputes, and therefore litigation, set-off is essentially a matter of substantive law.This Practice...
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3rd Dec
Q&As
Do the normal set-off rules apply to an LLP in administration?The Limited Liability Partnerships Act 2000 (LLPA 2000) introduced limited liability...
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29th Nov
Precedents
This Deed is made on [insert day and month] 20[insert year]Parties1[insert name of Company], a company incorporated in England and Wales with...
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28th Nov
Q&As
Equitable set-offEquitable set-off arises when two claims are so closely connected that it would be unjust to allow one party to enforce its claim...
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28th Nov
Practice notes
This Practice Note sets out certain key cases and associated relevant content in relation to set-off. The cases are divided by topic area and...
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25th Nov
Practice notes
For information on set-off in general, see Practice Note: What is set-off and when is it available?When is set-off relevant to finance...
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25th Nov
Practice notes
There are five main types of set-off:•independent set-off (sometimes known as legal set-off or statutory set-off)•transaction set-off (also known as...
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25th Nov
Practice notes
Set-off is a complex yet important concept in legal proceedings generally and for many different types of transaction.Independent set-off and...
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25th Nov
Precedents
1 Set-off permitted by either party Each party may set off any amount that the other party owes it under this agreement[ or...
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26th Sep

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