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GLOSSARY
Initial commission on a regular premium contract paid on an indemnity basis is subject to an earnings period. If the premiums are not maintained for the whole of the earnings period, the adviser is required to repay that portion of the initial commission that remained unearned when premiums ceased to be paid.
GLOSSARY
A post-development appraisal of a development to obtain a deferred contribution/payment.
PRECEDENTS
1 If, at any time in the [three] years following the payment of a bonus to you, the [Board OR Remuneration Committee] determines in its absolute discretion that any of the events specified in sub-clauses 1.1 to 1.4 of this clause have occurred, it may require reimbursement by you of all or part of the relevant bonus payment made to you (whether or not you are still in employment with the Company or any other Group Company), such reimbursement to be implemented in accordance with clause 2: 1.1 [the Company or any other Group Company having to restate all or a portion of its financial statements to a material degree OR your gross negligence, fraud, dishonesty or other misconduct has caused or contributed to the Company or any other Group Company having to restate all or a portion of its financial statements to a material degree]; 1.2 your gross negligence, fraud, dishonesty or other misconduct or you having committed any other act or omission which would entitle (or, where your employment has terminated prior to the date on which
PRACTICE NOTES
Exemption from SDLT can be claimed for land transactions between bodies corporate which are members of the same group for SDLT purposes at the effective date (generally, completion) of their intra-group land transaction. For more information, see Practice Notes: • SDLT group relief, and • SDLT—meaning of group SDLT ceased to apply to any land transaction involving any interests in or over land in Scotland from 1 April 2015. From that date, land and buildings transaction tax (LBTT) applies to such transactions, subject to transitional provisions. Consequently, references in this Practice Note to 'UK land' or similar expressions in the context of the application of SDLT should be read to exclude any interests in or over land in Scotland from 1 April 2015. For further details, see the LBTT subtopic. SDLT ceased to apply to any land transaction involving any interest in or over land in Wales from 1 April 2018. From that date, land transaction tax (LTT) applies to such transactions, subject to transitional provisions. Consequently, references in this Practice Note to 'UK land'
GLOSSARY
The Clean Energy Package was presented as a set of legislative proposals and policy measures by the European Commission in late November 2016. The package comprises measures in various energy-related areas including efficiency'>energy efficiency, renewables, the Energy Union and aims to empower consumers while delivering economic growth and jobs creation.
PRACTICE NOTES
ARCHIVED: This Practice Note has been archived and is not maintained. Purpose In late November 2016, the European Commission published a Communication entitled ‘Clean Energy for All Europeans’ (Communication) as part of the Energy Union, to assist in the transition to a low carbon economy (see Practice Note: EU 2050 low-carbon economy—snapshot). The Clean Energy Package (also known as the EU ‘Winter Package’ or ‘Winter Energy Package’) introduced eight new pieces of legislation, with the collective aim of reconfiguring the electricity market, increasing security of energy supply, establishing governance rules for the Energy Union, prioritising energy efficiency, achieving global leadership in renewable energies, and providing a fair deal for consumers. The Energy Union, one of the ten priorities of the Juncker Commission was for a long time the EU’s major vector for and contribution to a global and comprehensive transition towards a low carbon economy. The Commission wanted then, and still does, the EU to lead the clean energy transition and the package was an opportunity to modernise the EU's economy and create jobs and
NEWS
Ireland—Corporate analysis: This article, was written by Aaron Boyle, Joanelle O’Cleirigh and Peter Woods of Arthur Cox LLP and discusses the European Commission's proposal to reform public procurement laws as part of its Clean Industrial Deal. The reforms aim to integrate sustainability, resilience, and European preference criteria in procurement processes, particularly for strategic sectors like energy-intensive industries. This is in line with the EU's broader goals of decarbonisation, competitiveness, and ensuring resilient supply chains. The article highlights the Commission's efforts to streamline public procurement provisions and introduce new criteria such as ‘clean,’ ‘resilient,’ and ‘cybersecure’ to support sustainable practices in European industries.
NEWS
Ireland-Corporate analysis: This article, was written by Niamh McGovern, James Downey and Danielle Conaghan of Arthur Cox LLP. It discusses the European Commission’s plans to advance decarbonization, electrification, and competitiveness in Europe through the ‘Clean Industrial Deal’. Key points include the focus on sustainable and resilient production, increased funding for renewable energy projects, and the simplification of State aid rules to promote the rollout of renewable energy. The article highlights the importance of power purchase agreements (PPAs), contracts for difference (CfDs), and hydrogen initiatives in supporting industrial decarbonization.
GLOSSARY
The dismissal of all financial claims that each spouse or civil partner has against the other.
GLOSSARY
Clean energy is a broad, non-technical term used in legal practice to describe energy generated with low or zero greenhouse gas emissions, typically from renewable or other low‑carbon sources (for example, wind, solar, hydro, tidal, geothermal, nuclear and, in some contexts, carbon capture and storage–enabled generation). It is widely used in contracts, project finance, regulatory advice and M&A relating to energy and infrastructure.The expression “clean energy” itself is not a consistently defined legal term in UK or Irish legislation or case law. Statutes and regulations instead use more precise concepts such as “renewable energy”, “low-carbon electricity”, “zero-emission vehicle”, “energy efficiency” or “sustainable investment”. Accordingly, practitioners should rely on the specific statutory or contractual definitions rather than assuming that “clean energy” has a fixed legal meaning.Usage is broadly consistent across England and Wales, Scotland, Northern Ireland and Ireland, where the term is commonly associated with climate change targets, net zero strategies, support schemes (such as Contracts for Difference or renewable support auctions), planning and environmental permitting, grid connection, and green or sustainability-linked finance.
GLOSSARY
Fund management fees that are all inclusive, to which there will be no extra charges added (eg custody, overseas transactions, administration, etc).
NEWS
The Department for Energy Security and Net Zero (DESNZ), the National Energy System Operator (NESO) and Ofgem have published a Clean Flexibility Roadmap: 2026 update, reporting progress against the previous year’s Roadmap and outlining several new commitments relating to consumer-led flexibility, grid-scale electricity storage, interconnection and low-carbon dispatchable power. The 2026 Roadmap Update also adopts a more outcomes-focused approach, setting out clearer responsibilities for DESZNZ, NESO and Ofgem, together with further actions intended to support the transition to a more flexible, secure and decarbonised electricity system.