Where an exempt smallholdings authority1 proposes to enlarge a smallholding2 or to amalgamate the whole or part of one or more existing smallholdings3 with other land or to create new smallholdings4, and that transaction has not been included in previously approved proposals5, it must submit to the Secretary of State or the Welsh Ministers6 proposals for carrying out that transaction7. Such proposals must comply with any directions of the Secretary of State or the Welsh Ministers as to form and content8, and are then subject to approval or rejection by the Secretary of State or the Welsh Ministers
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Codicils may be used for making any alteration in a Will such as to alter the executors or make changes in legacies, whether by addition or deletion but that is by no means their only use. As a general rule, substantial changes are best achieved by means of a new Will and codicils are more
Commercial Property Standard Enquiries (CPSEs) are industry standard pre-contract enquiries used in commercial property transactions. CPSEs are endorsed by the British Property Federation and are free to use. The CPSEs include specific environmental enquiries at enquiry 15 and there are several
There may be times when, rather than assigning the benefit of an agreement to a third party, the original parties wish instead to end their obligations to each other under that agreement and, in effect, recreate it, with the third party stepping into the shoes of one of the original parties. This is
This Practice Note explains certain common financial covenants used in commercial finance transactions including:•minimum net worth test•gearing ratio•leverage ratio (or debt to equity ratio)•current ratio (or acid test ratio)•cashflow ratio•interest cover ratio, and•loan to value ratioIt explains:
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