The following Corporate Crime practice note provides comprehensive and up to date legal information covering:
The Bail Act 1976 (BA 1976) provides that if a defendant fails to appear at court to answer bail, the court may issue a warrant for their arrest. This is sometimes called a bench warrant.
A defendant who is granted bail by the court must comply with whatever procedure is prescribed by the court for answering their bail. For example, a court may operate a system that requires a defendant to report to the court usher on arrival.
If the defendant fails to comply with that procedure, a warrant may be issued with or without bail:
if issued without bail, the defendant will be kept in police custody having been arrested until the next available court date, or
if issued with bail, the defendant will be released on bail having been arrested with a duty to appear at court on the date and time specified in warrant—the court will only issue this type of warrant where there appears to be a good reason for the defendant’s absence, eg due to error
Instead of issuing a warrant, the court may decide to adjourn proceedings. The court will do this if it is satisfied that there is a good explanation for the defendant’s absence. The defendant will not be arrested but will receive in the post a bail notice requiring his attendance at court on a specified
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This Practice Note discusses Term Loan B (TLB) facilities which frequently appear as a tranche of senior facilities in syndicated loans in leveraged financings. TLBs are an established feature in the US market and increasingly used in the European lending market for institutional investors.This
When is quantum meruit and quantum valebat relevant?Claims in quantum meruit (value of services) and quantum valebat (value of goods) arise in diverse situations ranging from where contractual terms are silent on issues of payment to where there is no contract at all (Serck v Drake & Scull).General
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
Produced with input from Rebecca Cousin of Slaughter and May on market practice.This Practice Note summarises the rules and guidance in relation to parties who are, or may be presumed to be, acting in concert for the purposes of The City Code on Takeovers and Mergers (the Code). In particular the
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