The following Property Q&A Produced in partnership with Chris Bryden of 4 King’s Bench Walk provides comprehensive and up to date legal information covering:
In order for a lease to be valid at law, it must be in writing and executed as a deed (section 52(1) of the Law of Property Act 1925 (LPA 1925)). LPA 1925, s 54(2) provides for certain exceptions, such as a lease for a term not exceeding three years, including periodic tenancies. In this scenario, given that the lease has been executed, it can be assumed that the lease falls within LPA 1925, s 52(1).
By section 43 of the Companies Act 2006 (CA 2006), a company may make a contract by writing under its common seal or a contract can be made on its behalf by a person acting under its authority, express or implied. The formal
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Dividends involve a distribution of cash or a distribution of non-cash assets (known as a distribution in kind or a distribution in specie).A scrip dividend (in a tax context, sometimes referred to as a stock dividend) allows a shareholder to receive new shares in a company as an alternative to a
The principles of the notarial act are that it is:•an act of the notary and not of the parties named in the document•a record of a fact, event or transaction•in the form of a document, notwithstanding the form of the underlying document, fact, event or transactionThe purpose of the notarial act is
The roles of nominated officer and money laundering reporting officerA nominated officer is an individual who is nominated by a firm to receive disclosures under Part 7 of the Proceeds of Crime Act 2002 (POCA 2002) or Part III of the Terrorism Act 2000 (TA 2000)—see Requirement to appoint a
There are two kinds of burden:•the legal burden, and•the evidential burdenThe legal burdenA party has the legal (sometimes called ‘the persuasive’) burden where the onus is on that party to prove a fact or issue in a case to the required standard of proof.The legal burden is generally on the
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