Power to take possession of, collect and get in the property of the company and, for that purpose, to take such proceedings as may seem to him expedient.
Power to sell or otherwise dispose of the property of the company by public auction or private contract or, in Scotland, to sell, . . . hire out or otherwise dispose of the property of the company by public roup or private bargain.
Power to raise or borrow money and grant security therefor over the property of the company.
Power to appoint a solicitor or accountant or other professionally qualified person to assist him in the performance of his functions.
Power to bring or defend any action or other legal pro
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BREXIT: UK is leaving EU on Exit Day (as defined in the European Union (Withdrawal) Act 2018). This has an impact on this Practice Note. For further guidance on the impact of Brexit on e-money requirements, see Practice Note: Impact of Brexit: Payment services and electronic money directives—quick
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:
Issue estoppel is a sub-species of the res judicata doctrine (see Practice Note: The doctrine of res judicata). In addition to the general key requirements for establishing a res judicata (see Practice Note: Key requirements to establish a res judicata), this Practice Note considers the specific
This Practice Note examines the doctrine of consideration and the key role it plays in English law in determining whether a contract is enforceable.A promise will only be capable of being contractually enforced if it is either made in a deed or made in exchange for something of value, known as
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