The following Commercial practice note provides comprehensive and up to date legal information covering:
Brexit affects the supply of goods to the extent that any such supply is cross-border between the UK and the EU, as there are new arrangements for trade between the UK and the EU from 1 January 2021. Consideration should be given to contracts for the supply of goods particularly to the extent that such contracts concern intellectual property, data protection and competition law implications.
There will also be considerations dependent upon sector and routes to market.
Changes to product safety and conformity will be essential for manufacturers. Divergence in the field of product liability is also anticipated over time.
The law governing contracts for the supply of goods in business to business transactions is UK derived, as such a contract for the domestic supply of goods(ie goods traded between two UK based entities) is largely unaffected by Brexit.
From IP completion day, the UK becomes a third party country and is no longer part of the European single market. Any supply of goods between the UK and the EU, from that date is subject to the terms of the trade and co-operation agreement (TCA) agreed between the EU and the UK and the local laws applicable in the relevant party’s EU Member State. To the extent that any contracts for the supply or procurement of goods
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Statutory declaration of solvencyA company enters voluntary liquidation when the members of the company vote to do so by a special resolution. For more information, see Practice Note: What is a members' voluntary liquidation (MVL) and where/when is it typically used?Before the members can vote on a
Millett LJ subdivided types of constructive trust into two categories, distinguishing between:•the constructive trust proper, where equity intervenes to prevent the legal owner from unconscionably denying the beneficial interest of another (known as the institutional constructive trust)•the
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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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