Chain reaction definition

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Cryptoassets in insolvency

Cryptoassets in insolvency Cryptoassets—the basics In its simplest form, cryptoassets are a virtual currency which uses encryption to verify transactions denominated in that currency. It is a decentralised, near-instantaneous, and anonymous form of currency, independent of the traditional banking system. For further reading on the formation of cryptoassets, see: • Fintech—overview • Cryptoassets—overview • Practice Note: Web 3.0, digital assets and cryptoassets—essentials Insolvency and restructuring in the context of cryptoassets This Practice Note considers some of the issues that an insolvency professional (including an insolvency practitioner (IP)) might face if appointed to deal with a cryptoasset-related insolvency. This Practice Note does not consider the implications of cryptoassets in a personal bankruptcy scenario. It is widely acknowledged that legal and regulatory oversight of cryptoassets is somewhat behind the curve. Having said that, legislators and regulators have taken heed of the exponential growth and market capitalisation of cryptoassets and are swiftly bolstering existing, or developing new, legal and regulatory regimes. For further information, see Practice Notes: UK regulation of...

Joint Convention on the Safety of Spent Fuel Management and on the Safety of Radioactive Waste Management 1997—snapshot

Joint Convention on the Safety of Spent Fuel Management and on the Safety of Radioactive Waste Management 1997—snapshot Snapshot of the Joint Convention on the Safety of Spent Fuel Management and on the Safety of Radioactive Waste Management Title Joint Convention on the Safety of Spent Fuel Management and on the Safety of Radioactive Waste Management Parties 84 Parties and 42 Signatories Location Vienna Adopted 5 September 1997 Came into force 18 June 2001 Subject Safety of spent fuel and radioactive material Why is this a Joint Convention? The Preamble sets out the reasons as being: • nuclear reactors produce both spent fuel and radioactive waste • the same safety objectives apply to both • the worldwide importance of ensuring sound practices apply to both • that reprocessing and disposal are different options open to States dealing with spent fuel The objectives of the Convention The objectives, set out in Article 1, are: • to achieve and maintain a high level of safety worldwide in spent fuel and...

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Policy—Coronavirus (COVID-19) testing [Archived]

Policy—Coronavirus (COVID-19) testing [Archived] 1 Introduction 1.1 This policy sets out the Company’s approach to testing staff for coronavirus (COVID-19). It supplements, but does not replace, the Company’s health and safety[, coronavirus workplace safety] and sickness absence policies. 1.2 This policy does not form part of any contract of employment and the Company may amend it at any time. 1.3 This policy applies to all employees, workers and contractors. 1.4 This policy has been written [following discussions OR in consultation] with [the recognised trade union OR employee representatives OR a representative group of employees]. 1.5 The information set out in this policy is taken from guidance on the Department of Health and Social Care (DHSC) and other government websites that are updated frequently. While we will try to keep this policy up-to-date, we strongly recommend that all staff familiarise themselves with the relevant DHSC and other guidance and check regularly for updates. We will also issue updates to staff, typically by email, if changes to...

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Brexit highlights—26 July 2019

These Brexit highlights bring you a summary of the latest Brexit news and legislation updates from across a range of LexisNexis® practice areas.

Environment consultations—March 2016

Update on key consultations on environmental law that were opened in the last month. This month’s update covers new consultations from the European Commission, Defra, DECC, Ofgem, the Welsh Government and Ofwat.