The following Practice Compliance Q&A provides comprehensive and up to date legal information covering:
There is no specific reference in the Chartered Institute of Legal Executives (CILEx) Code of Conduct to undertakings. However, the institute’s practice advice states that legal executives can give undertakings on behalf of the firm, as can any other member of staff who is authorised to do so by the firm.
The validity of a legal executive can be verified by using the CILEx directory. The Institute can also be contacted directly by telephone (01234 845777) to confirm the up-to-date current status and disciplinary record of a legal executive.
For further information, see Q&A: Can legal executives give undertakings and what should
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On 29 August 2015, the Prudential Regulation Authority (PRA) published the PRA Rulebook (Rulebook). The transition from the Handbook to the Rulebook was intended to benefit PRA-authorised firms, to access clearer and more concise rules. Alongside the Rulebook, supervisory statements and statements
This Practice Note considers the meaning and use of conditions precedent in commercial arrangements. It also considers typical conditions precedent and drafting issues.What are conditions precedent?A condition precedent in a commercial contract details an event which must take place before:•a
ContractWhere a contract is made by two or more parties it may contain a promise or obligation made by two or more of those parties. Any such promise may be:•joint•several, or•joint and severalWhether an undertaking is joint, several, or joint and several in contract is a question of construction
Involuntary manslaughter—introductionManslaughter can be classified as either voluntary or involuntary. Voluntary manslaughter consists of those killings which would be murder (because the accused has the relevant mental element—hence the label voluntary manslaughter) but which are reduced to
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