Where at any time land constituting or included in an agricultural unit1 is affected by subsidence damage2, for each year3 or part of a year falling within the period beginning with that time and ending with the discharge by the responsible person4 of his remedial obligation5 with respect to the damage, the responsible person is under an obligation to make to the occupier6 of the unit a payment for the loss of return from crops of the amount given by the specified formula7. Similarly, for each year or part of a year falling within that period, the responsible person
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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
STOP PRESS: The Corporate Insolvency and Governance Act 2020 contains provisions which, on a temporary basis (presently until 31 December 2020) impose significant limitations on the ability for a creditor to seek a winding-up order against a company. For further reading, see Practice Note: Corporate
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This Practice Note examines:•why negative pledge clauses are used in commercial transactions •the consequences of breaching negative pledge provisions•how negative pledges are viewed in the context of security and quasi-security, and•key considerations when drafting a negative pledge clauseWhere
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