The parties1 are free to agree with an arbitrator2 as to the consequences of his resignation as regards his entitlement, if any, to fees or expenses and any liability thereby incurred by him3. If or to the extent that there is no such agreement4, then an arbitrator who resigns his appointment may (upon notice5 to the parties) apply to the court6 to grant him relief from any liability thereby incurred by him7, and to make such order as it thinks fit with respect to his entitlement, if any, to fees or expenses or the repayment of any fees or
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Dividends involve a distribution of cash or a distribution of non-cash assets (known as a distribution in kind or a distribution in specie).A scrip dividend (in a tax context, sometimes referred to as a stock dividend) allows a shareholder to receive new shares in a company as an alternative to a
Brexit: The UK's departure from the EU on exit day ie Friday 31 January 2020 has implications for practitioners dealing with provisions in the CPR relevant to cross border matters, including CPR 5.4C (discussed below). For guidance on the impact of Brexit on the CPR, see Cross border
Deceit—what is it?A deceit occurs when a misrepresentation is made with the express intention of defrauding a party, subsequently causing loss to that party.The elements of a claim in deceit are:•a clear false representation of fact or law•fraud by the maker, in the sense that they knew that the
On the disposition of a property (whether by way of conveyance, transfer or charge), the party making the disposition will normally provide a title guarantee which implies standard form covenants for title. A landlord may give a title guarantee when granting a lease, but this is rare in practice.
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