The following Immigration practice note Produced in partnership with Gillian McCall of Richmond Chambers provides comprehensive and up to date legal information covering:
The Tier 1 (Entrepreneur) category closed to new entrants on 29 March 2019. The only individuals who can now enter this category are those who have or have had leave in the last 12 months in the Tier 1 (Graduate Entrepreneur) category, or in the Start-up category having previously held leave in the Tier 1 (Graduate Entrepreneur) category. Individuals in this position can make applications for entry clearance or leave to remain until 5 July 2021. For more information on the closure of the route, see News Analysis: Exploring the implications of the sudden closure of the Tier 1 (Entrepreneur) route.
Individuals who have already entered the Tier 1 (Entrepreneur) category can continue to hold leave in the category and will be able to make extension applications until 5 April 2023 and settlement applications until 5 April 2025. For those who have switched from the Tier 1 (Graduate Entrepreneur) or Start-up categories (where relevant), the deadline to make their extension application will be 5 July 2025 and indefinite leave to remain (ILR) applications can be made until 5 July 2027.
The Tier 1 (Entrepreneur) route is for people who wish to set up, join or take over a business or businesses in the UK. This can be done as a sole trader, or within a partnership or UK-registered company structure. This Practice Note includes a summary
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This Practice Note explains certain common financial covenants used in commercial finance transactions including:•minimum net worth test•gearing ratio•leverage ratio (or debt to equity ratio)•current ratio (or acid test ratio)•cashflow ratio•interest cover ratio, and•loan to value ratioIt explains:
Fraud by false representationFraud by false representation applies to a broader range of conduct than the offences under the preceding legislation (the Theft Act 1968 (TA 1968)). No gain or loss need actually be made, and no deception need operate on the mind of the deceived for the Fraud Act 2006
This Practice Note considers proprietary estoppel from a generic standpoint.For industry specific guidance on proprietary estoppel, see Practice Notes:•Estoppel and property law•Mortgages by estoppelProprietary estoppel—what is it?Unlike the other forms of estoppel (see Practice Note: Estoppel—what,
This Practice Note is an archive of news from the Loan Market Association (LMA) on LMA documentation and related topics. It covers LMA updates from early 2013 to January 2016. For the latest LMA developments since January 2016, see Practice Note: Loan Market Association (LMA)—latest news on
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