The following Financial Services practice note produced in partnership with Chris Lawrenson of Building Society Association provides comprehensive and up to date legal information covering:
BREXIT: 11pm (GMT) on 31 December 2020 (‘IP completion day’) marked the end of the Brexit transition/implementation period entered into following the UK’s withdrawal from the EU. Following IP completion day, key transitional arrangements come to an end and significant changes begin to take effect across the UK’s legal regime. This document contains guidance on subjects impacted by these changes. Before continuing your research, see: Brexit and financial services: materials on the post-Brexit UK/EU regulatory regime.
The Building Societies Act 1986 (BSA 1986) gave building societies what, at the time, was a completely new legal framework for the first time since the initial comprehensive building society legislation in 1874. BSA 1986 has subsequently been amended on a number of occasions, and was substantively revised by the Building Societies Act 1997 (BSA 1997), by the Financial Services and Markets Act 2000 (FSMA 2000) and by the Financial Services Act 2012 (FSA 2012) (which also amended FSMA 2000). The Financial Services (Banking Reform) Act 2013 made some amendments to the BSA 1986 and various minor pieces of legislation have also made some further amendments to the BSA 1986.
Following amendments over the years, BSA 1986 has nine remaining Parts. There are also a number of Schedules that provide supplementary detail for various sections and a series of statutory instruments under, or affecting, BSA 1986. BSA
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This Practice Note examines why parties involved in a construction project may enter into an escrow agreement (or escrow deed) to set up an escrow account. It looks at the benefits of paying funds into escrow, how an escrow account operates and the provisions typically found in an escrow
The primary function of office-holders in personal and corporate insolvency is to collect in the assets belonging to a company or individual and to distribute these to the company's or individual's creditors. Office-holders have various duties and powers in order to ensure that they do this. For
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
This Practice Note considers the doctrine of forum non conveniens, also referred to as the appropriate forum or the proper place for a dispute to be determined. This doctrine is of relevance when determining whether the courts of England and Wales have jurisdiction to hear a dispute and is applied
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