The following provisions1 apply where there is an assessment period2 in relation to an eligible scheme3. With a view to ensuring that the scheme's protected liabilities4 do not exceed its assets or, if they do exceed its assets, that the excess is kept to a minimum, the Board of the Pension Protection Fund5 may give a relevant person in relation to the scheme directions regarding the exercise during that period of his powers in respect of: (1) the investment of the scheme's assets; (2) the incurring of expenditure; (3) the instigation or conduct of legal proceedings; and (4) such
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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
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
What is quia timet relief?Injunctions are generally awarded where a party has already suffered a wrong. For guidance on injunctions generally, see Practice Note: Injunctions—guiding principles. However, an injunction may be sought before a party's rights have been infringed on the basis that they
The principles of the notarial act are that it is:•an act of the notary and not of the parties named in the document•a record of a fact, event or transaction•in the form of a document, notwithstanding the form of the underlying document, fact, event or transactionThe purpose of the notarial act is
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