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Background—bankruptcy and its effect on an individual voluntary arrangement (IVA) A bankruptcy order may be made against a debtor notwithstanding the existence of an individual voluntary arrangement (IVA): • on presentation of a petition by a creditor whose debt arose after the approval of the IVA • where the debtor has breached the terms of the IVA, or is otherwise in default There is a gap in the current insolvency legislation, in that the effects of the making of a bankruptcy order on an
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Law360: The emergence of ChatGPT in late 2022 has changed the legal industry for good, and it's gotten many wondering: How soon until artificial intelligence begins taking over certain tasks performed by lawyers? Within arbitration, the question has naturally become how the chatbot would do in an actual arbitration.
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The continuing enforceability of the right of access, after first registration of the A Land, depends on when first registration of the title to the A Land took place. If first registration of the A Land occurred before 13 October 2003, under Land Registration Act 1925, ss 5 and 9 (LRA 1925), the first proprietor of the A Land took the title subject to any overriding interests which affected the A Land. The right of access would be an overriding interest either because it was: • a legal easement (under LRA 1925, s 70(1)(a)); or • an unprotected equitable easement if it was openly exercised and enjoyed with W (see
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How a commercial lease transaction should be structured depends on many factors, including: • the type of client involved (eg corporate, individual, partnership) • the aims of the parties involved and their respective bargaining power • the existing contractual position between the parties (if any) • the type of property (or interest in the property) • any relevant statutory provisions • the required timetable (and if applicable the sequence of linked transactions) • any conditionality • tax implications Transactions that are linked to each other can be complex. Practitioners should ensure that they understand the transaction(s) as a whole, noting in particular their client’s aims, any conditionality, transaction triggers and deadlines. Note also that the tax
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If a sole assured tenant admits that they no longer reside at the demised premises as their only or principal home (the residence condition), the assured shorthold tenancy (AST) loses its status as an assured tenancy; the tenancy continues in existence as a common law tenancy and, being periodic, can be terminated by notice to quit (NTQ) which complies with both the rules of common law and section 5 of the Protection from
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In the absence of any express provisions in a lease, a landlord will become an involuntary bailee of any of the tenant’s goods left behind following forfeiture or expiry of a tenancy. A landlord will be under a duty not to deliberately destroy or damage the goods and to take reasonable care of them until they are returned to their owner or disposed of. To prevent a landlord being required to retain any goods left behind for a lengthy period and at great cost, the Torts (Interference
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The answer to this question is given in section 5 of the Housing Act 1988, which provides: ‘“(2) If an assured tenancy which is a fixed term tenancy comes to an end otherwise than by virtue of— (a) an order of the court [of the kind mentioned in subsection (1)(a) or (b) or any other order of the court], (b) a surrender or other action on the part of the tenant[, or (c) the giving of a notice under section 33D of the Immigration Act 2014], then, subject to section 7 and Chapter II below, the tenant shall be entitled to remain in possession of the dwelling-house
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The Housing Act 2004 (HA 2004) introduced requirements relating to the protection of tenancy deposits, which have been reformed on a number of occasions. The area is complex and technical, but can give rise to a defence to a claim for possession under section 21 of the Housing Act 1988 (HA 1988) procedure, and can give rise to the obligation for the landlord to return the deposit and to pay a financial penalty of between one and three times the amount of the deposit. HA 2004, s 213 provides that any deposit must, as from the time when
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An assured shorthold tenancy (AST) does not determine automatically, either on the basis of the death of a tenant or by it remaining vacant for a period of time. The main methods of terminating an AST are by service of a section 21 notice or by relying upon one of the grounds that enable reliance by a section 8 notice. In both circumstances, a court order is required to obtain possession if the tenant does not vacate voluntarily. Possession can be obtained by abandonment, where the tenant vacates the property with no intention to return, but