Subject to certain provisions1, the Coal Authority regulates its own procedure (including quorum)2. Anything authorised or required by or under any enactment to be done by the Authority may be done by any of its members, officers or employees who has been authorised for the purpose, whether generally or specially, by the Authority3.
A member of the Authority who is in any way directly or indirectly interested in any matter that is brought up for consideration at a meeting must disclose the nature of his interest to the meeting4. Where such a disclosure is made, it must be recorded in
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This Practice Note explains certain common financial covenants used in commercial finance transactions including:•minimum net worth test•gearing ratio•leverage ratio (or debt to equity ratio)•current ratio (or acid test ratio)•cashflow ratio•interest cover ratio, and•loan to value ratioIt explains:
Facilitating the performance of a duty by public officialsFacilitation payments, also known as facilitating or grease payments, are generally small amounts of money paid to public officials or others as a means of ensuring that they perform their duty, whether more promptly or at all. In some
Company directors are not, by virtue only of their office as director, automatically entitled under company law to remuneration for services as a director or to reimbursement of expenses incurred in rendering such services. Power to pay directors remuneration for their services will need to be
BREXIT: As of 31 January 2020, the UK is no longer an EU Member State, but has entered an implementation period during which it continues to be treated by the EU as a Member State for many purposes. As a third country, the UK can no longer participate in the EU’s political institutions, agencies,
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