[A40 Application of Part where two or more persons act as monitor]
Insolvency Act 1986 (1986 c 45) | Legislation

[A40  Application of Part where two or more persons act as monitor]

[(1)     Where two or more persons act jointly as the monitor—

(a)     a reference in this Act to the monitor is a reference to those persons acting jointly;

(b)     where an offence of omission is committed by the monitor, each of the persons appointed to act jointly—

(i)     commits the offence, and

(ii)     may be proceeded against and punished individually.

(2)     Where persons act jointly in respect of only some of the functions of the monitor, subsection (1) applies only in relation to those functions.

(3)     Where two or more persons

 

Popular documents

LEXISNEXIS

Title guarantee and covenants for title

On the disposition of a property (whether by way of conveyance, transfer or charge), the party making the disposition will normally provide a title guarantee which implies standard form covenants for title. A landlord may give a title guarantee when granting a lease, but this is rare in practice.

LEXISNEXIS

Liquidated damages in construction contracts

Liquidated damages in construction contractsThis Practice Note explains what liquidated and ascertained damages (LADs/LDs) are and their purpose in a building contract. It considers the difference between liquidated damages and general (or unliquidated) damages and looks at the enforceability of

LEXISNEXIS

Criminal damage

Criminal damageGeneralSimple criminal damage is triable either way unless the value of the alleged damage is £5,000 or less, in which case the offence will be treated as if it were triable only summarily.Where the damage is caused by fire or the racially aggravated form of the offence is charged,

LEXISNEXIS

Negligence—key elements to establish a negligence claim

Negligence—key elements to establish a negligence claimNegligence—what are the key ingredients to establish a claim in negligence?For liability in negligence to be founded, four key ingredients must be present:•duty of care•breach of that duty•damage (which is caused by the breach)•foreseeability of