If any person within Her Majesty's dominions and without Her Majesty's licence1 prepares or fits out any naval or military expedition to proceed against the dominions of any friendly state2, any person engaged in the preparation or fitting out or assisting in it, or employed in any capacity in that expedition, is guilty of an offence3. If the illegal expedition is to any extent prepared within Her Majesty's dominions, the participation in it outside those dominions by a person having British nationality is also an offence
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This Practice Note discusses Term Loan B (TLB) facilities which frequently appear as a tranche of senior facilities in syndicated loans in leveraged financings. TLBs are an established feature in the US market and increasingly used in the European lending market for institutional investors.This
Source of the doctrine of the separation of powersThe origins of the doctrine are often traced to John Locke’s Second Treatise of Government (1689), in which he identified the 'executive' and 'legislative' powers as needing to be separate.‘… it may be too great a temptation to human frailty, apt to
On 29 August 2015, the Prudential Regulation Authority (PRA) published the PRA Rulebook (Rulebook). The transition from the Handbook to the Rulebook was intended to benefit PRA-authorised firms, to access clearer and more concise rules. Alongside the Rulebook, supervisory statements and statements
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