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The 2002 ISDA Master Agreement was published to take into account market developments and changes in market practice since the 1992 ISDA Master Agreement was published. The key difference concerns how changes are calculated with the close-out amount replacing the market quotation and loss methods found in the 1992 ISDA Master Agreement. The differences between the two forms of agreement are set out in Practice Note: ISDA documentation—comparison of the 1992 and 2002 master agreements.
ISDA published a form of amendment (the Amendment) in March 2003 to allow parties to amend various sections of the 1992 ISDA Master
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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
Community order requirementsCommunity order requirements are set out in the Criminal Justice Act 2003 (CJA 2003), as amended by the Legal Aid, Sentencing and Punishment of Offenders Act 2012 (LASPO 2012) and the Offender Rehabilitation Act 2014 (ORA 2014). Criminal Justice Act 2003, s 152(2)
Part 8 of the Corporation Tax Act 2009 (CTA 2009) is a specific corporation tax regime that applies exclusively to the gains and losses of intangible fixed assets. Note, however, that certain intangible fixed assets are excluded from the regime, see Practice Note: Excluded intangible fixed
A limited company that proposes to issue redeemable shares must comply with the provisions of the Companies Act 2006 (CA 2006).Why do companies issue redeemable shares?A company may wish to issue redeemable shares so that it has an alternative way to return surplus capital to shareholders without
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