The Consolidated Net Borrowings1 of the BBC2 must not at any time exceed the sum specified in a direction given by the Secretary of State3; and the Consolidated Net Borrowings of the BBC's commercial arm must not at any time exceed either of the following: (1) the sum specified in a direction given by the Secretary of State; (2) three times the commercial arm's EBITDA multiple in the preceding financial year4. The BBC must put in place arrangements to ensure compliance with these requirements, which must include: (a) arrangements for formal testing of compliance at least annually or on
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This Practice Note considers claims for damages for breach of statutory duty. For guidance on claims for damages for a negligent breach of duty of care outside a statutory duty, see Practice Notes:•Negligence—when does a duty of care arise?•Negligence—when is the duty of care breached?Breach of
Codicils may be used for making any alteration in a Will such as to alter the executors or make changes in legacies, whether by addition or deletion but that is by no means their only use. As a general rule, substantial changes are best achieved by means of a new Will and codicils are more
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