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NEWS
Restructuring & Insolvency analysis: In an application by sports law firm, IPS Law LLP, to restrain the advertisement of a winding up petition against it, in respect of a petition debt of £500,000, Deputy ICC Judge Curl KC dismissed the application, holding that it was an example of a case where a ‘cloud of objections’ had been raised to ‘obfuscate the real issues’ and, despite ‘extensiveness and complexity’ in the evidence, IPS had no arguable defence to the respondent’s claim. The case provides a clear example of the court strictly adhering to the test to be applied in applications to restrain the advertisement of winding up petitions, highlighting the need for clear and focused evidence which properly addresses the points in issue. Written by Dale Timson, barrister at Enterprise Chambers.
GLOSSARY
A transaction in which facilities are made available by a small group of lenders who do not intend to syndicate the facilities.
GLOSSARY
A transaction in which facilities are made available by a small group of lenders who do not intend to syndicate the facilities.
PRACTICE NOTES
This Practice Note sets out the circumstances in which the different categories of club (members’, commercial and miners’ welfare clubs) are entitled to provide gaming and gaming machines without a permit. It explains the limitation of the exemptions, the circumstances and type of permit required for a club, how it is applied for and how decisions are made. It also explains the circumstances when an alcohol licensed premises is entitled to provide gaming and gaming machines, relying on the alcohol licence where certain conditions are met and appropriate notice is given together, when exemptions can be removed and how decisions can be challenged. It considers rules on bingo in pubs and clubs and the circumstances in which a travelling fair can provide gaming without a specific authorisation. Clubs There are specific provisions which control gaming and gaming machines provided by clubs, alcohol licensed premises and travelling fairs. These are in addition to the provisions which allow gambling facilities to be provided under operating and premises
GLOSSARY
A cluster policy is a term used to describe a policy which is in fact a series or ‘cluster’ of individual contracts.
GLOSSARY
This type of search automatically identifies 'like' documents and places them into groups.
NEWS
Clyde & Co and BLM have announced a merger. The combined entity, to be known as Clyde & Co, will go live in July 2022. As a UK and Ireland law firm focussed on insurance risk and commercial law with strengths across casualty, personal injury, healthcare and professional liability, BLM will become part of Clyde & Co’s global insurance practice. BLM states that the majority of its lawyers will join Clyde & Co’s Casualty insurance practice with other groups joining professional liability, healthcare and business advisory teams. Following the merger, Clyde & Co aim to offer a broad casualty insurance offering across its UK offices.
NEWS
Law360, London: Clyde & Co LLP (Clyde & Co) is to face a negligence claim brought against it by an ‘ultra-high net worth individual’, but only in part. The key claim against the fourth defendant, as well as Leading and Junior Counsel, was held to be time-barred and in any event reverse summary judgment was granted in favour of all of the defendants, apart from the relatively small claim against Clyde & Co relating to advice on the risk of an anti-suit injunction.
Cm
GLOSSARY
Curium: A transuranic radioactive element, atomic number 96. CM is dense and silvery with a high boiling point.
GLOSSARY
Part of the legacy 'telephone network'—a dedicated building in which the access lines (from home or office) terminate in a MDF and, normally, access or switching (PSTN) equipment. In large metropolitan areas, COs are more appropriately known as Local (switching) exchanges, because they serve a local area. The term 'CO' is from the early days of the telephone system when the telephone company did have only one central office in each area. Currently, with FTTH, the CO can also hold ODFs, where fibre local loops are connected, and/or OLTs and could serve as a MPoP.
PRACTICE NOTES
This Practice Note covers joint and several liability of co-debtors, who can be sued under the different types of liability, how the courts interpret a covenant not to sue, what happens when the debtors are released, and the Landlord and Tenant (Covenants) Act 1995 (LT(C)A 1995). Joint and several liability Where a covenant is given by two or more persons, they may be liable: • jointly • severally, or • jointly and severally The applicable liability is a question of construction and depends on the intention of the parties as evidenced by the terms of the relevant document. The presumption, in the absence of express provision is that liability is joint. An example of joint liability is two persons who are jointly the tenant under a lease. An example of several liability is the liability of the original tenant and an assignee of a lease to pay the rent. For liability to be several, special words of severance, while not absolutely necessary, are advisable. Who can be sued? Where persons
GLOSSARY
The co-decision procedure refers to the law making procedure of the EU according to which the Parliament and the Council act as co-legislators on a proposal submitted by the Commission.