Where a local authority1 might2 require each of two or more buildings3 to be drained separately into an existing sewer4, but it appears to the authority that those buildings may be drained more economically or advantageously in combination, the authority may, when the drains5 of the buildings are first laid, require that the buildings be drained in combination into the existing sewer by means of a private sewer6 to be constructed7 either by the owners8 of the buildings in such manner as the authority may direct or, if the authority so elects, by the authority on behalf of the
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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
When is quantum meruit and quantum valebat relevant?Claims in quantum meruit (value of services) and quantum valebat (value of goods) arise in diverse situations ranging from where contractual terms are silent on issues of payment to where there is no contract at all (Serck v Drake & Scull).General
What is quia timet relief?Injunctions are generally awarded where a party has already suffered a wrong. For guidance on injunctions generally, see Practice Note: Injunctions—guiding principles. However, an injunction may be sought before a party's rights have been infringed on the basis that they
For guidance on the basic features of the doctrine of estoppel and the different classifications it has been subject to, see Practice Note: Estoppel—what, when and how to plead and related content.Promissory estoppel—what is it?Where A has, by words or conduct, made to B a clear and unequivocal
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