(1) A power to make an order or regulations under this Act is exercisable by a Minister of the Crown, unless there is express provision to the contrary.
(2) Orders, regulations or rules under this Act must be made by statutory instrument.
(3) Subsection (2) does not apply to—
(a) a transitional exemption order under Part 1 of Schedule 11,
(b) a transitional exemption order under Part 1 of Schedule 12, or
(c) an order under paragraph 1(3) of Schedule 14 that does not modify an enactment.
(4) Orders or regulations under this Act—
(a) may make different provision for different purposes;
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Codicils may be used for making any alteration in a Will such as to alter the executors or make changes in legacies, whether by addition or deletion but that is by no means their only use. As a general rule, substantial changes are best achieved by means of a new Will and codicils are more
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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:
What is a res judicata?A res judicata is a decision given by a judge or tribunal with jurisdiction over the cause of action and the parties, which disposes, with finality, of a matter decided so that it cannot be re-litigated by those bound by the judgment, except on appeal.Final judgments by
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