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GLOSSARY
The official custodian is a corporation sole having perpetual succession and acts as trustee for charities in certain circumstances.
GLOSSARY
A civil servant acting as part of the insolvency service and officer of the court to which he is attached who performs a large range of functions in both corporate and personal insolvency.
PRACTICE NOTES
This Practice Note discusses the role of the official receiver (OR) in corporate insolvency. Appointment of ORs An OR is a statutory office-holder. The OR, in relation to any winding up, is any person who, by virtue of sections 399 or 401 of the Insolvency Act 1986 (IA 1986), is authorised to act as the OR in relation to that winding up. The Secretary of State may, subject to the approval of the Treasury as to numbers, appoint persons to the office of OR. Any person who holds this office will be attached either to the High Court or the County Court. Subject to any directions that may be given by the Secretary of State, an OR attached to a particular court is the person authorised to act as OR in relation to every winding up falling within the jurisdiction of that court. The Secretary of State ensures that there is, at all times, at least one OR attached to the High Court and at least one attached to the County Court; but may attach the
PRACTICE NOTES
This Practice Note discusses the role of the official receiver (OR) in personal insolvency. Appointment of ORs An OR is a statutory office-holder. The OR, in relation to any bankruptcy, individual voluntary arrangement (IVA), debt relief order or application for such an order, is any person who, by virtue of sections 399 or 401 of the Insolvency Act 1986 (IA 1986), is authorised to act as the OR in relation to that bankruptcy, IVA, debt relief order or application for such an order. The Secretary of State may, subject to the approval of the Treasury as to numbers, appoint persons to the office of OR. Any person who holds this office will be attached either to the High Court or the County Court. Subject to any directions that may be given by the Secretary of State, an OR attached to a particular court is the person authorised to act as OR in relation to every bankruptcy, IVA, debt relief order or application for such an order falling within the jurisdiction of that court. The Secretary
PRACTICE NOTES
Government security classifications The Government Security Classifications policy came into force in April 2014, and has been updated several times since 2018. The policy is designed to ensure that information is classified, shared and protected as appropriate. It applies to all information (in any form) generated, processed, collected, stored or shared by the government in order to deliver services and conduct business. The security classifications indicate the sensitivity of the information in terms of the likely impact resulting from the compromise, loss or misuse of the information. There are three levels of security classification: • OFFICIAL • SECRET • TOP SECRET Prior to this, there had been six levels of security classification. The aim of the regime is to simplify the process of handling official documents and to update a system which was developed for the handling of paper-based materials in the hope of cutting costs and delay. Information classified using the old system did not need to be retrospectively re-marked, however, the Cabinet Office advised that departments consider re-marking documents when shared outside of
PRACTICE NOTES
The Public Interest Disclosure Act 1998 (PIDA 1998) inserted Part IVA into the Employment Rights Act 1996 (ERA 1996) protecting workers who make protected disclosures and allows 'whistleblowers' to bring a claim before an employment tribunal for detriment and/or dismissal as a result of raising a public interest concern. Employees of the security and intelligence services and UK armed forces personnel are exempt from the provisions. Civil servants, police officers and government contractors can bring a claim provided they have not been exempted from doing so by way of a ministerial certificate. While concerns raised to the media and wider public domain can be protected, an individual who commits a criminal offence in making the disclosure will not be protected. Workers who are arrested for any offence relating to the disclosure must therefore wait for proceedings to conclude before bringing a PIDA claim. Civil servants, police officers and government contractors who would ordinarily be able to seek protection for raising concerns, must be careful that in doing so they do not breach the Official Secrets Act 1989 (OSA
GLOSSARY
means a provider of carbon credits or voluntary emission reduction credits that relate to: (a) a project that has been verified in accordance with [insert name of voluntary standard;] or (b) a United Nations Framework Convention on Climate Change (UNFCCC) clean development mechanism (CDM) [or [successor OR equivalent] UNFCCC mechanism]project.
GLOSSARY
means the purchase of carbon credits from a project: (a) that has been verified in accordance with[ insert name of voluntary standard] or under the United Nations Framework Convention on Climate Change (UNFCCC) clean development mechanism (CDM) [or [successor OR equivalent] UNFCCC mechanisms]; (b) where the emissions of GHG avoided, reduced or removed by the project are additional; (c) that, in relation to GHG removals, employs long-lived storage methods that have a low risk of reversal over millennia; (d) that prioritises the removal of GHG from the atmosphere rather than avoids or reduces third party emissions of GHG; and (e) that takes account of a just transition and addresses wider social and ecological goals.
GLOSSARY
The exchange of present or future pension benefits for present capital within divorce/dissolution proceedings.
GLOSSARY
means a plan [as agreed by the Parties] specifying: (a) the verified credits from a recognised Offset Provider that may be used by the [insert name of Company] to offset its Residual Emissions; (b) how the [insert name of Company] will transition from using credits resulting from offsetting projects that avoid or reduce emissions of Greenhouse Gases (GHGs) to those from projects that remove emissions of GHG and involve long-term storage methods that have a low risk of reversal; [and] (c) how the [insert name of Company] will [use best endeavours to] reduce its use of credits by reducing its Residual Emissions [to zero OR by [x]%] by 2050[;] [and][.] (d) [the impact of the relevant offsetting projects on a just transition and wider social and ecological goals.]
PRECEDENTS
These training materials consist of template PowerPoint slides that can be used as the basis of one or more training seminars on the principal areas of managing commercial and legal risk in relation to offshore IT outsourcing projects. It is anticipated that those providing training will use these slides as a helpful starting point for their presentations and then amend them accordingly to reflect their particular circumstances. The training materials are customisable. Click the link below to download the presentation. Contents • Terminology • Offshore IT outsourcing
GLOSSARY
A non-UK life insurance policy.