[(1) The monitor must bring a moratorium to an end by filing a notice with the court if—
(a) the monitor thinks that the moratorium is no longer likely to result in the rescue of the company as a going concern,
(b) the monitor thinks that the objective of rescuing the company as a going concern has been achieved,
(c) the monitor thinks that, by reason of a failure by the directors to comply with a requirement under section A36, the monitor is unable properly to carry out the monitor's functions, or
(d) the monitor thinks that the company is unable
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IntroductionShari'ah (also Sharia, Shariah or Shari’a) (literally, in Arabic, 'the path towards the watering place') or Islamic law is the legal system of the religion of Islam that sets out a system of duties or code of conduct for individuals to follow so that they may live their life in a
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This Practice Note examines:•why negative pledge clauses are used in commercial transactions •the consequences of breaching negative pledge provisions•how negative pledges are viewed in the context of security and quasi-security, and•key considerations when drafting a negative pledge clauseWhere
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