In general, accumulation required by law does not cause any suspension of the enjoyment of the property and is not affected by the statutory restrictions on accumulations1. Where property is immediately given on trusts for any purpose to which no immediate application of the property is possible, there is a duty on the trustees, implied by law, to accumulate the income in the interval; and accordingly an express direction for such accumulation is valid, but is mere surplusage2. Prior to 1 January 1926, it was clear that the vesting of property in a minor at the end of a
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Codicils may be used for making any alteration in a Will such as to alter the executors or make changes in legacies, whether by addition or deletion but that is by no means their only use. As a general rule, substantial changes are best achieved by means of a new Will and codicils are more
This Practice Note identifies the main torts (bar negligence and nuisance, which are covered elsewhere in our related content) and their key characteristics. Specifically:•trespass to land•trespass to the person•privacy/defamation•liability for animals•employers' liability•product
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
Unlike many other countries, the UK has no unfair competition law. Brand owners seeking to prevent competitors from marketing ‘copycat’ products or using misleading advertising have to rely on a combination of different intellectual property rights. These rights include the common law right to
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