The Secretary of State1 may by regulations2 make such provision as he considers necessary or expedient (1) for the appointment of an independent person known as 'the subsidence adviser' to carry out, in prescribed3 cases, specified functions4; and (2) for regulating and facilitating the carrying out of those functions by the subsidence adviser5. These functions are:
(a) the provision of advice and assistance to persons6 in connection with the making of complaints, or the taking of any other steps, in relation to any matter arising under the Coal Mining Subsidence Act 1991 or certain questions7 which may be referred
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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:
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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
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