A proviso in a lease of land that the lease should be forfeited on the tenant's bankruptcy1 is valid; and, where there is such a proviso and the tenant becomes bankrupt, no interest in the demised premises is divisible among the creditors2. However, a proviso of this kind applies only to the bankruptcy of the person in possession of the term created by the lease; if a tenant assigns his term and after the assignment becomes bankrupt, his bankruptcy does not operate to determine the lease
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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
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This Practice Note considers the law governing the procedural law of arbitration proceedings (the curial law or lex arbitri) and how it is determined under the law of England and Wales (England and English are used as convenient shorthand).The procedural law of the arbitral proceedingsThe procedural
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