Where a matter is referred1 to the High Court, the court, if satisfied2 that the requirements of the statute3 are complied with in the case of the applicant, and that the grant of a right is expedient in the national interest4, may by order5 grant the right on such terms6 and subject to such conditions, and for such period, as the court may think fit7. Upon such an order being made, the right specified in the order vests in the applicant, subject to the provisions set out below8. Where such a right is granted, the applicant must pay or
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This Practice Note provides an introduction to intercreditor agreements and their key provisions. This Practice Note:•explains the purpose of having an intercreditor agreement and when an intercreditor agreement would be used instead of a deed of priority or subordination deed•provides links to
Broadly, the doctrine of overreaching enables purchasers (which includes tenants and mortgagees) in good faith for money or money’s worth to rely solely on the legal title. In the case of registered land, this means the entries entered on the register of title, as it records ownership of the legal
What is rescission of a contract?The remedy of rescission is available to a party whose consent, in entering into a contract, has been invalidated in some way:•the effect of rescinding a contract is to extinguish it and restore the parties to their pre-contractual positions•the main grounds of
Coronavirus (COVID-19): The guidance detailing normal practice set out in this Practice Note may be affected by measures concerning process and procedure in the civil courts that have been introduced as a result of the coronavirus (COVID-19) pandemic. For guidance, see Practice Note: Coronavirus
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