If any corporeal substance receives an accession by natural or artificial means, as by the growth of vegetables, the pregnancy of animals1 or the embroidery of cloth, the original owner is entitled by his right of possession to the property in its improved state2. Similarly, when the goods of one person are affixed to the land or chattel of another, they may become part of it and so accrue to the owner of the principal thing
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This Practice Note discusses Term Loan B (TLB) facilities which frequently appear as a tranche of senior facilities in syndicated loans in leveraged financings. TLBs are an established feature in the US market and increasingly used in the European lending market for institutional investors.This
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This Practice Note examines why parties involved in a construction project may enter into an escrow agreement (or escrow deed) to set up an escrow account. It looks at the benefits of paying funds into escrow, how an escrow account operates and the provisions typically found in an escrow
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