A mortgagee of personal chattels, when possession has been delivered to him1, and a mortgagee of stocks and shares, including a mortgagee by deposit of the share certificates with a blank transfer2, has, in the absence of an express power of sale, an implied power to sell the mortgaged property, where a day for payment is fixed by the mortgage, at any time after default, and, where no day for payment is fixed, after reasonable notice has been given to the mortgagor and default made in payment in pursuance of that notice3. The notice must be in all respects
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What are OFTOs?Offshore Transmission Owners (OFTOs) are the owners of offshore transmission assets which connect offshore wind farms to the onshore electricity network. The transmission assets comprise everything between the offshore point of connection with the generating wind farm assets and the
When defendants are guilty, they have a choice to plead guilty or to put the prosecution to proof. When they plead guilty they may benefit from a reduction in their sentence as a result, see Practice Note: Credit for guilty plea. However, the Sentencing Council's overarching guidelines on reduction
Issue estoppel is a sub-species of the res judicata doctrine (see Practice Note: The doctrine of res judicata). In addition to the general key requirements for establishing a res judicata (see Practice Note: Key requirements to establish a res judicata), this Practice Note considers the specific
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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