The following Practice Compliance precedent provides comprehensive and up to date legal information covering:
We run our business[es] with integrity. All of us must work together to ensure our business[es] remain[s] untainted by bribery and corruption.
This FAQ document, which is integral to that effort, guides us on how we can best achieve our business goals in a way that is consistent with our commitment to counter bribery and corruption.
A charitable donation is a gift made by an individual or company to a non-profit organisation or charity.
A charity means any body of persons or trust established for charitable purposes only.
A charitable donation can include giving or providing cash, venues, equipment, personnel time or other benefit to a charity or to an individual or organisation nominated by or connected with a charity.
Most charities have no connection with politics and no decision making role or influence over procurement decisions, and so there is minimal risk that a charitable donation to them could be corrupt or perceived to be corrupt. Indeed, many organisations see charitable giving as an important part of their corporate social responsibility efforts.
Charitable donations do still carry risk, however; they can be a conduit for corrupt payments, eg a government official in negotiations with a business may disclose that they are on the board of a charitable organisation and request a donation be made to the charity, or a charity could be connected to a political
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Unlike many other countries, the UK has no unfair competition law. Brand owners seeking to prevent competitors from marketing ‘copycat’ products or using misleading advertising have to rely on a combination of different intellectual property rights. These rights include the common law right to
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:
Practical completion marks the end of the construction period of a project, when the works are 'finished' and the employer can occupy and/or use them. Practical completion also typically marks the start of the defects liability period/maintenance period.As explained below, practical completion is an
Broadly, the doctrine of overreaching enables purchasers (which includes tenants and mortgagees) in good faith for money or money’s worth to rely solely on the legal title. In the case of registered land, this means the entries entered on the register of title, as it records ownership of the legal
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