The parties1 are jointly and severally liable to pay to the arbitrators2 such reasonable fees and expenses, if any, as are appropriate in the circumstances3. Any party may apply to the court4, upon notice5 to the other parties and to the arbitrators6; and the court may order that the amount of the arbitrators' fees and expenses is to be considered and adjusted by such means and upon such terms as it may direct7. If the application is made after any amount has been paid to the arbitrators by way of fees or expenses, the court may order the repayment
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Statutory declaration of solvencyA company enters voluntary liquidation when the members of the company vote to do so by a special resolution. For more information, see Practice Note: What is a members' voluntary liquidation (MVL) and where/when is it typically used?Before the members can vote on a
The principles of the notarial act are that it is:•an act of the notary and not of the parties named in the document•a record of a fact, event or transaction•in the form of a document, notwithstanding the form of the underlying document, fact, event or transactionThe purpose of the notarial act is
This Precedent letter covers disclosure obligations under CPR 31. It does not apply to proceedings subject to the disclosure pilot scheme under CPR PD 51U. For guidance on the disclosure pilot scheme, see Practice Note: Business and Property Courts—the disclosure pilot scheme. For a client letter on
This Practice Note examines:•why negative pledge clauses are used in commercial transactions •the consequences of breaching negative pledge provisions•how negative pledges are viewed in the context of security and quasi-security, and•key considerations when drafting a negative pledge clauseWhere
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