The following Banking & Finance practice note provides comprehensive and up to date legal information covering:
STOP PRESS—Coronavirus (COVID-19) and registration of charges at Companies House: The content of this Practice Note is affected by the Companies etc (Filing Requirements) (Temporary Modifications) Regulations 2020, SI 2020/645 (the Regulations), which temporarily extend some deadlines for filing documents or notices with Companies House. In so far as it may affect the content below, the Regulations:
extend the period for filing charges under section 859A of Companies Act 2006 (CA 2006) from 21 days to 31 days beginning with the day after the date of creation of the charge—Companies House guidance issued on 1 July 2020 states that this applies to charges created on or after 6 June 2020
extend the period for registration of instruments of alteration of floating charges granted by Scottish companies under section 466 of the Companies Act 1985 (CA 1985), and
increase to 42 days the period for notification of the place where copies of instruments creating charges are kept under CA 2006, s 859Q
The temporary extension does not apply to periods for registration extended by an order of the court under CA 2006, s 859F.
The Regulations came into force on 27 June 2020 and expire on 5 April 2021.
Described once as a 'manifestation of the English genius for harnessing the most abstract conceptions to the service of commerce', floating charges are now not only commonly used but
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This Practice Note examines the doctrine of consideration and the key role it plays in English law in determining whether a contract is enforceable.A promise will only be capable of being contractually enforced if it is either made in a deed or made in exchange for something of value, known as
Express and implied contractual terms distinguishedContractual terms may be either express or implied:•express terms—are terms which are actually recorded in a written contract or openly expressed in an oral contract at the time the contract is made (or there may be a combination of written and oral
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