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GLOSSARY
A security issued by a borrower with a maturity of usually three to ten years
GLOSSARY
Notes issued under a program which may be fixed or floating, with a maturity usually over one year.
GLOSSARY
A company that qualifies for the medium-sized companies regime will be subject to less onerous accounting, reporting and audit obligations than a larger company or a quoted company. In accordance with CA 2006, Pt 15, the medium-sized companies regime applies to a company for a financial year in which the company: —qualifies as medium-sized, and —is not excluded from the medium-sized companies regime
GLOSSARY
Further to the Companies, Partnerships and Groups (Accounts and Reports) Regulations 2015 (SI 2015/980) the qualifying conditions are met by a company in a financial year in which it satisfies two or more of these requirements: —it has a turnover of not more than £36 million —it has a balance sheet total (ie the aggregate of the assets as shown in the balance sheet) of not more than £18 million —it has no more than 250 employees
NEWS
Law360: Regional air carrier Silver Airways has filed for Chapter 11 protection with US$457m in debt, seeking a going-concern buyer with the guidance of law firms Smith Gambrell & Russell LLP and Damian Valori Culmo.
PRECEDENTS
General Date of meeting [Insert date] Chair/lead [Insert name] Persons in attendance [Insert names of persons attending] Objectives Objectives of the meeting: • identify all the documents and information needed for the project • draft
NEWS
Restructuring & Insolvency analysis: Applying established principles, the court convened a single meeting of creditors to consider a scheme of arrangement proposed by the administrators of VTB Capital plc, an English subsidiary of the Russian bank VTB Bank. In doing so, the court considered whether it had jurisdiction to approve a scheme that contractually alters the effect of the Insolvency Rules while seeking to apply them. Additionally, the court considered whether the impact of the administrators' proposal to fully pay the first £50,000 of each creditor's claim would fracture the proposed single class. Written by Aziz Abdul, legal director at Addleshaw Goddard LLP.
PRECEDENTS
1 Documents The Chair tabled the following documents: 1.1 [a memorandum to the board from [insert name] making recommendations in relation to appointing a data protection officer (DPO) for [insert name of organisation]] 1.2 [a draft job description and role profile for the role of DPO] 1.3 [a draft consultancy agreement for the role of DPO] 1.4 [a draft message from the [CEO OR Senior
PRECEDENTS
1 Documents The Chair tabled the following documents: 1.1 Draft Anti-slavery and human trafficking statement (the Statement) 1.2 [Memorandum to the [board of directors OR members OR partners] accompanying the organisation’s draft Statement for approval] 1.3 [Annual modern slavery and human trafficking risk report to the [board of directors OR members OR partners] ] 1.4 [Modern
PRECEDENTS
Date of meeting Persons in attendance [Insert date] [Insert details including name(s) and role(s)] 1 Documents considered The following documents and data were considered: 1.1 [insert, eg the Complaints register] 1.2 [insert, eg the Complaints—periodic review record]
GLOSSARY
Meeting of the minds describes the point at which parties reach genuine agreement on the essential terms of a contract, so that their consent can be said to coincide. In legal practice across England and Wales, Scotland, Northern Ireland and Ireland, it is a descriptive expression rather than a statutory term, and is closely linked to the requirement for offer and acceptance, certainty of terms and intention to create legal relations. Courts typically analyse “meeting of the minds” objectively, by asking what a reasonable person would understand from the parties’ words and conduct, rather than focussing on undisclosed subjective intentions. A lack of true agreement can lead to a finding that no contract was formed, or support arguments based on mistake, misrepresentation, uncertainty or sham transactions. In Scots law, the concept aligns with consensus in idem, but the underlying idea is essentially consistent across all four jurisdictions. The phrase is often used in contract drafting, negotiation and litigation to describe whether a binding agreement has been reached, particularly in disputes over oral contracts, pre-contractual negotiations, “subject to contract” communications and ambiguous or incomplete terms.
CHECKLISTS
Coronavirus (COVID-19): This Practice Note contains guidance on matters that have temporarily been altered to assist in the management of the coronavirus (COVID-19) pandemic. For further information, see Practice Notes: Local authority meetings during the coronavirus (COVID-19) pandemic [Archived] and Coronavirus (COVID-19)—governance tracker [Archived]. Elements of accessibility The following table sets out the position in a typical authority. Some authorities grant additional rights to councillors and members of the public. Council Committees and sub-committees Officers’ non-executive decisions Cabinet (key and non-key decisions) Individual executive members (key and non-key decisions) Officers’ key executive decisions Officers’ non-key executive decisions 1 Public identification of the body or person responsible for taking the decision Yes — statute and constitution Yes — statute and constitution (terms of reference), and council minutes for ad-hoc delegations to committees and sub-committees Yes — scheme of delegations and minutes for ad-hoc delegations Yes — statute and constitution Yes — statute and constitution (scheme of delegation to cabinet members) Yes — scheme of delegations and cabinet minutes for ad-hoc delegations Yes