As from a day to be appointed, the following provisions have effect.
Where it appears to the regulator1 that a person is carrying out spaceflight activities2, operating a spaceport3 or providing range control services4 without an authorisation required by the Space Industry Act 2018, in contravention of the conditions of a licence5 or in contravention of any provisions contained in or made under the Act, the regulator may give any directions to that person that appear to be necessary in the interests of safety or for the purposes of securing compliance with the conditions of a licence, provisions contained in
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What is rescission of a contract?The remedy of rescission is available to a party whose consent, in entering into a contract, has been invalidated in some way:•the effect of rescinding a contract is to extinguish it and restore the parties to their pre-contractual positions•the main grounds of
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:
Produced with input from Rebecca Cousin of Slaughter and May on market practice.This Practice Note summarises the rules and guidance in relation to parties who are, or may be presumed to be, acting in concert for the purposes of The City Code on Takeovers and Mergers (the Code). In particular the
This Practice Note is an archive of news from the Loan Market Association (LMA) on LMA documentation and related topics. It covers LMA updates from early 2013 to January 2016. For the latest LMA developments since January 2016, see Practice Note: Loan Market Association (LMA)—latest news on
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