The following Corporate practice note provides comprehensive and up to date legal information covering:
Coronavirus (COVID-19): Following the coronavirus (COVID-19) outbreak, an increasing number of UK companies are expected to seek to preserve their cash by suspending and/or cancelling dividends over the coming weeks and months. For an examination of the relevant law, guidance and practice, see Q&A: Can a company suspend or cancel a dividend in the light of the coronavirus (COVID-19) pandemic? For further details of the impact of COVID-19 more generally, see Practice Note: Coronavirus (COVID-19)—key issues for Corporate lawyers.
The law and practice relating to dividends is set out in this Practice Note. For details of the additional rules and guidance that specifically apply to dividends paid by listed companies and AIM companies, see Practice Note: Dividends—listed and AIM companies.
The ordinary meaning of 'dividend' is a share of profits, whether at a fixed rate or otherwise, allocated to the holders of shares in a company. It is used in relation to payments made to members as members and not, eg by way of remuneration for services.
A dividend is typically satisfied by a direct payment of cash or by a distribution of non-cash assets (being any property or interest in property other than cash; in CA 2006, 'cash' is expressed to include foreign currency). A dividend satisfied by a distribution of non-cash assets is also known as a dividend in kind or a dividend in specie.
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Voluntary manslaughterVoluntary manslaughter consists of those killings which would be murder (because the accused has the relevant mental element for murder) but which are reduced to manslaughter because of one of the three special defences (loss of control, diminished responsibility or suicide
This Practice Note provides guidance on claims for ‘use and occupation’ or mesne profits, and how and when double rent or double value can be claimed.Claims for use and occupationA claim for use and occupation is possible where there is occupation of land without an express agreement fixing the
Source of the doctrine of the separation of powersThe origins of the doctrine are often traced to John Locke’s Second Treatise of Government (1689), in which he identified the 'executive' and 'legislative' powers as needing to be separate.‘… it may be too great a temptation to human frailty, apt to
Brexit: The UK's departure from the EU on exit day ie Friday 31 January 2020 has implications for practitioners dealing with provisions in the CPR relevant to cross border matters, including CPR 5.4C (discussed below). For guidance on the impact of Brexit on the CPR, see Cross border
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