GLOSSARY

Registered office definition

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What does Registered office mean?

As required by CA 2006, s 86 a company must at all times have a registered office to which all communications and notices may be addressed.

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Digital business—Hungary—Q&A guide

Digital business—Hungary—Q&A guide This Practice Note contains a jurisdiction-specific Q&A guide to digital business in Hungary published as part of the Lexology Getting the Deal Through series by Law Business Research (published: March 2022). Authors: VJT & Partners Law Firm—Endre Várady 1. How can the government’s attitude and approach to internet issues best be described? The government is proactive in with regard to internet issues. It makes efforts to keep apace with technological developments and prepare Hungary for digital transformation. The government has adopted numerous strategic digitalisation plans. Recently, the government has been focusing especially on the responsibility of big platforms. Its digital white paper tackles issues affecting big platforms such as the taxation of digital services, data protection, copyright and the jurisdictional matters of tech giants. This could be a basis for future omnibus digital regulation in relation to platforms. 2. What legislation governs business on the internet? The Hungarian E-Commerce Act and the Hungarian Civil Code set the main legal framework for the Hungarian digital business. In business-to-consumer (B2C) relations special consumer protection regulation applies including the regulation of unfair consumer practices and B2C contracts. In relation to platforms, special additional rules apply including the implementation of the Copyright Directive and Audiovisual Media Services Directive. A wide variety of sector-specific regulation also applies depending on the nature of the digital product (eg, fintech regulation or the on-demand media regulation). 3. Which

Brussels I (recast)—contract claims (Art 7(1))

Brussels I (recast)—contract claims (Art 7(1)) This Practice Note explains how contract claims are dealt with under Article 7(1) of Regulation (EU) 1215/2012, Brussels I (recast). It considers the connecting factors required, the characteristics of the contract in terms of obligations, the place of performance and place of delivery. It also distinguishes between goods'>sale of goods and provision of services contracts. The provisions dealing with contract claims are set out in Article 7 of Regulation (EU) 1215/2012, Brussels I (recast), previously Article 5 of Regulation (EC) 44/2001, Brussels I. The recast of the regulation resulted in some changes to the provisions, but the Court of Justice’s interpretation of Article 5 of Regulation (EC) 44/2001, Brussels I should be observed when considering the interpretation of Article 7 of Regulation (EU) 1215/2012, Brussels I (recast) and its application. This can be seen from recital 34, of Regulation (EU) 1215/2012, Brussels I (recast) which emphasises a need for continuity. It provides that: ‘Continuity between the 1968 Brussels Convention, Regulation (EC) No 44/2001 and this Regulation should be ensured, and transitional provisions should be laid down to that end. The same need for continuity applies as regards the interpretation by the Court of Justice of the European Union of the 1968 Brussels Convention and of the Regulations replacing it.’ This was also set out by the Court of Justice in Hellenische Republik v

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Lease of whole building—hotel

Lease of whole building—hotel LR1. Date of the lease [date] LR2. Title Number(s) LR2.1 Landlord's title number(s) [title numbers out of which this lease is granted. Leave blank if not registered] LR2.2 Other title numbers [existing title number(s) against which entries of matters referred to in LR9, LR10, LR11 and LR13 are to be made] LR3. Parties to this lease Landlord [name of Landlord] [of OR incorporated in England and Wales with company registration number [number] whose registered office is at] [address] Tenant [name of Tenant] [of OR incorporated in England and Wales with company registration number [number] whose registered office is at] [address] Other parties [ Guarantor [[name of Guarantor] [of OR incorporated in England and Wales with company registration number [number] whose registered office is at] [address]] [details and specify capacity of other parties (eg management company etc)]] LR4. Property In the case of a conflict between this clause and the remainder of this lease then, for the purposes of registration, this clause shall prevail. The Property as defined in clause 1. LR5. Prescribed statements etc LR5.1 Statements prescribed under rules 179 (dispositions in favour of a charity), 180 (dispositions by a charity) or 196 (leases under the Leasehold Reform, Housing and Urban Development Act 1993) of the Land Registration Rules 2003. [None. OR [applicable prescribed statement]. OR See clause [relevant clause reference].] LR5.2 This lease is made under, or by reference to, provisions of: Not applicable. LR6. Term for which the

Lease of bare land for car parking

Lease of bare land for car parking style="caps">DATE [date] Parties 1 [name of Landlord] [of OR incorporated in England and Wales with company registration number [number] whose registered office is at] [address] (Landlord) 2 [name of Tenant] [of OR incorporated in England and Wales with company registration number [number] whose registered office is at] [address] (Tenant) 1 Definitions In this Lease, the following definitions apply: 1987 Order • the Town and Country Planning (Use Classes) Order 1987, SI 1987/764 in its form as at 31 August 2020; 2003 Order • the Regulatory Reform (Business Tenancies) (England and Wales) Order 2003, SI 2003/3096; Adjoining Property • any property adjoining or near to the Property; Annual Rent • £[amount] a year; Competent Authority • any authority which has jurisdiction in relation to the Property, its occupation or use; Conduits • any media and associated equipment for conducting energy, data or substances; Consent • a written consent obtained from the Landlord; Costs • are any costs, losses, damages and liabilities, whether or not resulting from claims, demands, actions or proceedings; Deposit • £[amount]; Forfeiture Event • (a) the instigation of any process or proceedings: i for the appointment of an administrative receiver, administrator, liquidator, monitor, provisional liquidator, receiver (or manager), supervisor, or trustee in bankruptcy, in relation to the Tenant or its property; or ii by way of execution or enforcement of any debt against any assets of the Tenant; (b) the Tenant: i is unable to pay its debts within the meaning of section

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A debenture has been filed and accepted on the charges register at Companies House. In the party particulars of the debenture, it refers to the old registered office for the company against whom the charge is registered. At the time the document was signed and dated, the registered office had changed. Does this pose a problem for enforcement of the charge should that need to occur?

A debenture has been filed and accepted on the charges register at Companies House. In the party particulars of the debenture, it refers to the old registered office for the company against whom the charge is registered. At the time the document was signed and dated, the registered office had changed. Does this pose a problem for enforcement of the charge should that need to occur? A debenture is a written agreement between a lender and a borrower giving security (whether by fixed or floating charge) over the assets of a company, and is registered at Companies House. Section 859A of the Companies Act 2006 (CA 2006) provides that a charge created by a company must be registered by the registrar provided that a CA 2006, s 859D statement of particulars is delivered to the registrar within a period of 21 days after the creation of the charge unless an order extending time has been made. The particulars required do not include the registered address of the company and therefore an error in a debenture referring to the old registered office would not have prevented the registration of the

Can a landlord forfeit a lease for non-payment of rent after the tenant company has been dissolved and the lease has passed to the Crown?

Can a landlord forfeit a lease for non-payment of rent after the tenant company has been dissolved and the lease has passed to the Crown? A company is dissolved (or deemed dissolved) following liquidation, administration, or striking off of its name from the register by the Registrar of Companies. When a company is dissolved, it ceases to have any existence. On dissolution, all property and rights vested in, or held on trust for the company, immediately before dissolution are deemed to be bona vacantia and vest in the Crown (or in the Duchy of Lancaster or Duke of Cornwall if the company’s registered office was in Lancaster or Cornwall respectively). This includes leasehold property, but not property held by the company on trust for any other person: section 1012(1) of the Companies Act 2006 (CA 2006). The Crown is not obliged to deal with property vested in it as bona vacantia in any particular way. It has power to disclaim it

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Banking and Finance weekly highlights—21 July 2022

This week's edition of Banking and Finance weekly highlights includes: (1) Companies House confirms that it intends to launch the Register of Overseas Entities on 1 August 2022, (2) the Recovery Loan Scheme is extended by two years, and (3) The Department for Business, Energy & Industrial Strategy publishes market guidance notes on the National Security and Investment Act 2021.

Property weekly highlights—21 July 2022

This week's edition of Property weekly highlights includes: the latest on launch of the Register of Overseas Entities, more subordinate legislation paving the way for implementation of the Renting Homes (Wales) Act 2016, a new Law Society practice note on professional undertakings, new leaseholder guidance on the Building Safety Act 2002, the first award under the statutory arbitration process for landlords and tenants to resolve disputes over commercial rent arrears accrued during the coronavirus (COVID-19) pandemic and cases on the Electronic Communications Code.

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