The primary function of the official receiver is to act as receiver and manager of the bankrupt's estate1 pending the vesting of the estate in the trustee2 and to carry out an investigation into the conduct and affairs of the bankrupt with a report of such investigation to the court if he thinks fit3. The official receiver has a number of functions conferred on him by the Insolvency Act 1986 in relation to bankruptcy and personal insolvency4; and a person holding the office of official receiver5 is required to carry out such other functions as may from time to
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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
This Practice Note considers the nature and scope of arbitration agreements with a particular focus on arbitration agreements pursuant to the law of England and Wales, although it also discusses the concept from an international perspective and includes some comparative examples from other
The roles of nominated officer and money laundering reporting officerA nominated officer is an individual who is nominated by a firm to receive disclosures under Part 7 of the Proceeds of Crime Act 2002 (POCA 2002) or Part III of the Terrorism Act 2000 (TA 2000)—see Requirement to appoint a
The Standard Conditions of Sale (SCS), currently in their 5th edition (2018 revision), are a set of standard conditions which are commonly incorporated into contracts for the sale of residential property. The Standard Commercial Property Conditions (Third Edition—2018 Revision) (SCPC) are used for
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