The following Planning Q&A provides comprehensive and up to date legal information covering:
Section 38 agreements are governed by section 38 of the Highways Act 1980, see Practice Note: Highways—adoption agreements. There is no statutory process pursuant to which such an agreement can be terminated or ‘cancelled’. In principle, existing section 38 agreement can be varied by deed of variation, but would require the consent of all parties to the original agreement.
It is to be noted that the substantive obligations in section 38 agreements are usually drafted to be triggered only upon the redevelopment of the site commencing—in other words, while
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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
The primary function of office-holders in personal and corporate insolvency is to collect in the assets belonging to a company or individual and to distribute these to the company's or individual's creditors. Office-holders have various duties and powers in order to ensure that they do this. For
You may apply simplified customer due diligence (SDD) measures in relation to particular business relationships or transactions which you determine present a low risk of money laundering or terrorist financing, having taken into account:•your organisation-wide risk assessment—see Practice Note:
Produced with input from Rebecca Cousin of Slaughter and May on market practice.This Practice Note summarises the rules and guidance in relation to parties who are, or may be presumed to be, acting in concert for the purposes of The City Code on Takeovers and Mergers (the Code). In particular the
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