Where the security is an equitable charge1, the order for sale declares the charge, directs an account2 and gives the mortgagor the opportunity to redeem. If he does so, the deeds are to be handed back to him; in default, the direction for sale follows3. Where an order for sale is made by the court in reference to an equitable mortgage4 on land5 not secured by a legal term of years absolute or by a charge by way of legal mortgage, the court may, in favour of a purchaser, make a vesting order conveying the land or may appoint
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This Practice Note covers the legal framework and regulatory guidance to be considered in determining whether an arrangement constitutes a contract of insurance and the possible consequences of carrying on activities relating to a contract of insurance without the requisite regulatory permissionsThe
There may be times when, rather than assigning the benefit of an agreement to a third party, the original parties wish instead to end their obligations to each other under that agreement and, in effect, recreate it, with the third party stepping into the shoes of one of the original parties. This is
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