[(1) The Secretary of State may appoint persons to the office of adjudicator.
(2) A person appointed under subsection (1)—
(a) is to be paid out of money provided by Parliament such salary as the Secretary of State may direct,
(b) holds office on such other terms and conditions as the Secretary of State may direct, and
(c) may be removed from office by a direction of the Secretary of State.
(3) A person who is authorised to act as an official receiver may not be appointed under subsection (1).
(4) The Secretary of State may appoint officers of the Secretary of State's
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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
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:
This Practice Note considers the law governing the procedural law of arbitration proceedings (the curial law or lex arbitri) and how it is determined under the law of England and Wales (England and English are used as convenient shorthand).The procedural law of the arbitral proceedingsThe procedural
When restructuring is considered rather than formal insolvency proceedings (see Practice Note: Benefits of restructuring over formal proceedings) the company may want to ensure that relevant creditors quickly enter a standstill agreement to gain some breathing space to consider a restructuring
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