The disclaimer of a peerage by any person under the Peerage Act 1963 is irrevocable1. From the date on which the instrument of disclaimer is delivered the disclaimer operates to divest that person (and, if he is married, his wife) of all right or interest to or in the peerage, and all attached titles, rights, offices, privileges and precedence2. The disclaimer also operates to relieve the person of all obligations and disabilities of the peerage3. The disclaimer does not, however, accelerate the succession to that peerage nor does it affect its devolution on his death
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Produced with input from Rebecca Cousin of Slaughter and May on market practice.This Practice Note summarises the rules and guidance in relation to parties who are, or may be presumed to be, acting in concert for the purposes of The City Code on Takeovers and Mergers (the Code). In particular the
Express and implied contractual terms distinguishedContractual terms may be either express or implied:•express terms—are terms which are actually recorded in a written contract or openly expressed in an oral contract at the time the contract is made (or there may be a combination of written and oral
What is a company's constitution?A company’s 'constitution' is defined under the Companies Act 2006 (CA 2006) as including:•the company’s articles of association, and•any resolutions and agreements affecting a company’s constitutionThe CA 2006 definition of 'constitution' is not exhaustive and also
What is recklessness?In respect of some statutory offences and common law crimes the prosecution are required to prove a mental element of recklessness on the part of the defendant.Recklessness means unjustified risk taking on the part of the accused.Prior to the House of Lords decision in Re G
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