On the application of these provisions1 regarding the creation of pension credits and debits2: (1) the transferor's3 shareable rights4 under the relevant arrangement5 become subject to a debit of the appropriate amount6; and (2) the transferee7 becomes entitled to a credit of that amount as against the person responsible for that arrangement8.
Where the relevant order or provision9 specifies a percentage value to be transferred, the appropriate amount is the specified percentage of the cash equivalent of the relevant benefits on the valuation day10. Where the relevant order or provision specifies an amount to be transferred, the appropriate amount is
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IntroductionShari'ah (also Sharia, Shariah or Shari’a) (literally, in Arabic, 'the path towards the watering place') or Islamic law is the legal system of the religion of Islam that sets out a system of duties or code of conduct for individuals to follow so that they may live their life in a
Coronavirus (COVID-19): The guidance detailing normal practice set out in this Practice Note may be affected by measures concerning process and procedure in the civil courts that have been introduced as a result of the coronavirus (COVID-19) pandemic. For guidance, see Practice Note: Coronavirus
Who is a fiduciary?There is no comprehensive list of the relationships which give rise to the existence of fiduciary duties under common law. Some relationships are automatically fiduciary, eg those between trustee and beneficiary, solicitor and client, principal and agent, business partner and
Deceit—what is it?A deceit occurs when a misrepresentation is made with the express intention of defrauding a party, subsequently causing loss to that party.The elements of a claim in deceit are:•a clear false representation of fact or law•fraud by the maker, in the sense that they knew that the
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