The following provision1 applies where the Pensions Regulator2 has reasonable grounds to believe that a power to which the subsisting rights provisions3 apply: (1) will be exercised; or (2) has been exercised, to make a regulated modification4 in circumstances where the modification will be voidable5. The Regulator may by order: (a) in a case within head (1), direct the person on whom the power is conferred not to exercise the power to make the regulated modification; (b) require the trustees to take, within the time specified in the order, such steps as are so specified for the purpose of
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Millett LJ subdivided types of constructive trust into two categories, distinguishing between:•the constructive trust proper, where equity intervenes to prevent the legal owner from unconscionably denying the beneficial interest of another (known as the institutional constructive trust)•the
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
ContractWhere a contract is made by two or more parties it may contain a promise or obligation made by two or more of those parties. Any such promise may be:•joint•several, or•joint and severalWhether an undertaking is joint, several, or joint and several in contract is a question of construction
This Practice Note is an archive of news from the Loan Market Association (LMA) on LMA documentation and related topics. It covers LMA updates from early 2013 to January 2016. For the latest LMA developments since January 2016, see Practice Note: Loan Market Association (LMA)—latest news on
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