The following Commercial practice note provides comprehensive and up to date legal information covering:
The implementation period put in place to enable the UK to transition away from the EU’s laws and institutions ended at 11 pm (GMT) on 31 December 2020. At this point in time (referred to in this Practice Note as ‘IP completion day’) there was an immediate and significant change in the UK’s legal regime. This Practice Note explains the implications of this change in relation to agency.
Agency law in the UK is based on common law and this is largely unaffected by IP completion day, see Practice Notes: Nature and types of agency and What does IP completion day mean for contract clauses?
Commercial agency arrangements in the UK are subject to the Commercial Agents (Council Directive) Regulations 1993, SI 1993/3053 (Commercial Agents Regulations) which form part of the body of retained EU legislation under European Union (Withdrawal) Act 2018 (EU(W)A 2018) effective from 11 pm (UK time) on 31 December 2020.
From IP completion day, the UK is a third country in relation to the EU and commercial agents of UK principals operating in EEA countries are subject to the local laws of that country implementing Council Directive 86/653/EEC (OJ L 382/170), the Commercial Agents Directive (EU Commercial Agents Directive), as it continues to have effect in the EU. Agents operating in the UK are subject to the provisions
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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
Coronavirus (COVID-19): During the current pandemic, legislation and changes to practice and procedure in the courts and tribunals have been introduced, which affect the following:•proceedings for possession•forfeiture of business leases on the grounds of non-payment of rent•a landlord's right to
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
A certificate of title (also known as a certificate on title) is a particular species of report on title.When solicitors are instructed to investigate title to land (for instance, when land is being acquired or offered up as security), they will write a report on title for their client, which sets
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