GLOSSARY

year definition

Published by a LexisNexis IP expert

What does year mean?

means any period of 12 consecutive Months from [[insert date] OR from 1 January to the following 31 December]; and

View the related practice notes about year

GDPR—FAQs for Insolvency Practitioners

IP COMPLETION DAY: 11pm (GMT) on 31 December 2020 marks the end of the Brexit transition/implementation period entered into following the UK’s withdrawal from the EU. At this point in time (referred to in UK law as ‘IP completion day’), key transitional arrangements come to an end and significant changes begin to take effect across the UK’s legal regime. This document contains guidance on subjects impacted by these changes. Before continuing your research, see Practice Note: Brexit—implications for data protection FAQs for Insolvency Practitioners These FAQs were drafted by Allison Broad at the Institute of Chartered Accountants in England and Wales (ICAEW) with contributions from Caroline Sumner at R3 and staff at the ICAEW, Institute of Chartered Accounts Scotland (ICAS) and the Association of Chartered Certified Accountants (ACCA) to provide guidance jointly for members of the ICAEW, the Insolvency Practitioners Association (IPA), ICAS, the ACCA, Chartered Accountants Ireland and R3. Originally posted on 29 May 2018, these FAQs set out some key issues for insolvency practitioners (IPs) to consider when looking at their obligations under the General Data Protection Regulation (GDPR). Since the FAQs were originally drafted, the ACCA has ceased to be a recognised professional body for IPs. What changes do I need to make to my appointment notices for the GDPR? Post 25 May 2018 your appointment notices need to include a privacy notice. A privacy notice

Tax on inbound investment—Canada—Q&A guide

Tax on inbound investment—Canada—Q&A guide This Practice Note contains a jurisdiction-specific Q&A guide to tax on inbound investment in Canada published as part of the Lexology Getting the Deal Through series by Law Business Research (published: May 2022). Authors: Gowling WLG—Paul Carenza; David P. Stevens; Ash Gupta 1. What are the differences in tax treatment between an acquisition of stock in a company and the acquisition of business assets and liabilities? Purchasers generally prefer to purchase assets and sellers generally prefer to sell shares. The main features of a stock purchase for a foreign purchaser using a Canadian acquisition vehicle (Canadian Holdco) are: • The cost of the shares will not be deductible in the calculation of income since it will be an expenditure on account of capital, not income. Instead, the purchased shares will have a tax cost equal to the price paid for the shares. On a subsequent sale of the shares the purchaser can deduct the tax cost of the shares from the proceeds in the calculation of the purchaser's gain, 50 per cent of which is included in income. • It is possible for the Canadian Holdco to wind up the target and to 'bump' the tax cost of the target's non-depreciable capital property by an amount equal to the lesser of the fair market value of the property and the tax cost of the shares. Bump

Discover our 5962 Practice Notes on year

TAKE A FREE TRIAL

View the related precedents about year

Clauses—medical examination, medical report and health screening

1 Medical examinations and reports 1.1 The Employer will have the right at any time[ after you have been absent from work for more than [insert number] working days (whether consecutive or in total) in any [consecutive [enter duration, eg 52-week] period OR sick pay year (which runs from [insert date] to [insert date]] ] to require you to undergo a medical examination by your medical practitioner or an independent medical practitioner selected by the Employer. 1.2 The Employer will usually also ask you to authorise the medical practitioner, as required by law and/or professional guidance:

Clauses—working time and hours of work

1 [ Working time—example 1 1.1 You agree that your average weekly working time may exceed 48 hours and accordingly you 'opt out' of the limit on working time set down by the Working Time Regulations 1998. You may elect to end this 'opt-out' at any time by giving us not less than [seven days' OR three months'] written notice. OR 2 Working time—example 2 2.1 [Your average weekly working time will be determined over [successive 17-week reference periods starting from [[insert date] OR the Commencement Date] OR standard successive 17-week reference periods (each a 'Standard Reference Period') from 1 January to 29 April, 30 April to 26 August and 27 August to 23 December in each year[ (or as notified to you in writing from time to time)] ].] 2.2 [During the period from 24 December to 31 December, the reference period on any day will be the previous period of 17 weeks.] 2.3 [Until you have been employed for 17 weeks, we will average your working time over the period since your employment commenced OR Until you have been employed for a full Standard Reference Period, we will average your working time over the previous 17 weeks' employment].

Dive into our 1101 Precedents related to year

TAKE A FREE TRIAL

View the related q&as about year

What will be the applicable limitation period where a settlement agreement is secured by way of a charging order and the debtor under the agreement subsequently defaults on repayment of the debt, which entitles the creditor to immediate repayment of the whole sum, and the creditor now wishes to enforce their charging order?

What will be the applicable limitation period where a settlement agreement is secured by way of a charging order and the debtor under the agreement subsequently defaults on repayment of the debt, which entitles the creditor to immediate repayment of the whole sum, and the creditor now wishes to enforce their charging order? We have assumed that reference is being made to a charging order. When seeking to enforce the charging order it would have been subject to the previous rules in this area (CPR 73 and CPR PD 73 were amended with the changes coming into force on 6 April 2016). Where such orders charge a beneficial interest under a trust in land, the charge is protected by means of a restriction under the Land Registration Act 2002. We also assume that the charging order was validly obtained. If seeking to apply for an order

Is there a deadline for paying legacies under a Will?

Is there a deadline for paying legacies under a Will? Whilst there is no fixed deadline by which legacies must be paid, the personal representatives have a duty to pay the deceased's debts with due diligence, having regard to the assets in their hands that are properly applicable for that purpose and all the circumstances of the case. Due diligence will normally require payment to be made before the end of the ‘executor's year’, which is one year from the date of death, and executors should avoid delaying payment beyond this date unless they can justify the delay. A beneficiary who receives a pecuniary legacy after the end of the executor’s year is entitled to demand interest on the legacy at the rate

See the 1216 Q&As about year

TAKE A FREE TRIAL

View the related News about year

IP weekly highlights—18 August 2022

Welcome to this week’s edition of the IP weekly highlights: a hand-picked summary of news analysis, updates and new content from the world of IP. These highlights focus on the key rights of copyright and associated rights, database rights, trade marks and passing off, designs, and patents as well as covering issues relating to confidential information, know-how R&D and IP disputes all mainly from a UK and European perspective.

Property Disputes weekly highlights—18 August 2022

This week's edition of Property Disputes weekly highlights includes: Upper Tribunal decisions regarding whether a site provider is entitled to require that safety and oversight measures be included in a Code agreement, on an application to modify or discharge a restrictive covenant and on whether the FTT had jurisdiction to determine that a service charge was less than an amount already conceded by the tenant, High Court cases where damages were awarded to a developer as a result of delays by an infrastructure company in carrying out remedial works and analysis of key arbitration decisions under the Commercial Rent (Coronavirus) Act 2022.

Read the latest 11340 News articles on year

TAKE A FREE TRIAL

Speed up all aspects of your legal work with tools that help you to work faster and smarter. Win cases, close deals and grow your business–all whilst saving time and reducing risk.

Case studies

"We have to become more agile as our clients' expectations and requirements change. The only thing we know is that tomorrow is going to be different and we must be prepared. With LexisNexis, I feel more confident of that we're ready every time."

Wolverhampton County Council

Access all documents on year

GET ACCESS NOW

Top