The following Property Q&A provides comprehensive and up to date legal information covering:
The Landlord and Tenant Act 1987 (LTA 1987) makes provision for the right of first refusal to certain qualifying tenants to acquire the interest of their landlord where the latter intends to make a disposal of that interest. LTA 1987, s 1 provides that the right applies where premises consist of the whole or part of a building, they contain two or more flats held by qualifying tenants, and the number of flats held by such tenant exceeds 50% of the total number of flats. However, the right does not apply to any such premises at a time when the interest of the landlord in the premises is held by an exemp
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This Practice Note examines the doctrine of consideration and the key role it plays in English law in determining whether a contract is enforceable.A promise will only be capable of being contractually enforced if it is either made in a deed or made in exchange for something of value, known as
When restructuring is considered rather than formal insolvency proceedings (see Practice Note: Benefits of restructuring over formal proceedings) the company may want to ensure that relevant creditors quickly enter a standstill agreement to gain some breathing space to consider a restructuring
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:
BREXIT: UK is leaving EU on Exit Day (as defined in the European Union (Withdrawal) Act 2018). This has an impact on this Practice Note. For further guidance on the impact of Brexit on e-money requirements, see Practice Note: Impact of Brexit: Payment services and electronic money directives—quick
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