Law360: Prince Harry settled his outstanding phone-hacking claims against Mirror Group Newspapers on 9 February 2024 as his lawyer said 'he had uncovered and proved the shockingly dishonest way' in which the UK publisher acted.

The amount inscribed on the face of a security, exclusive of interest or premium, due to a security holder at maturity and it is the amount used in the computation of interest due on such security.

A charge to inheritance tax on relevant property on the periodic ten-year anniversary of the trust's creation. It is also known as the ‘ten-year charge’.

Usually the main or managing contractor on a project charged with health and safety management responsibilities under the Construction (Design and Management) Regulations 2015, SI 2015/51.

The council elected for a principal area: Local Government Act 1972 s.270; Local Government Act 2000 s.85.

The Construction (Design and Management) Regulations 2015, SI 2015/51 require that, on projects with more than one contractor, the client must appoint a principal designer who is a designer on the project and who is in a position to have control over the design and planning stage.

The particular participating employer in a pension scheme that has special duties or powers in areas such as the appointment of trustees, rule amendments and winding up.

Pensions analysis: The Pensions Ombudsman has rejected a complaint about discretionary pension increases. Martin Scott of gunnercooke LLP looks at the decision.

Understanding what may constitute criminal property is critical to understanding the principal money laundering offences under sections 327, 328 and 329 of the Proceeds of Crime Act 2002 (POCA 2002). Each of these offences require that a person does something with criminal property with the requisite mens rea ie they: • conceal, disguise, convert or transfer what they know or suspect to be criminal property or remove what they know or suspect to be criminal property from the jurisdiction (POCA 2002, s 327) • enter into or become concerned in an arrangement that they know or suspect facilitates (by whatever means) the acquisition, retention, use or control of criminal property, by or on behalf of another person (POCA 2002, s 328) • acquire, use or possess what they know or suspect to be criminal property (POCA 2002, s 329) For detailed guidance on these offences, see Practice Notes: • Money laundering offences—concealing, disguising, converting, transferring and removing • Money laundering offences—the arrangement offence • Money laundering offences—acquisition, use and possession What

The principal place of business is the main location from which a company or other organisation actually manages and controls its operations, as distinct from its registered office or any branch or place of business. In practice, it is usually where senior management and key decision‑makers are based and where central administrative functions are carried out.Across England and Wales, Scotland, Northern Ireland and Ireland, the concept is used in company law, insolvency, tax, jurisdiction, service of proceedings and regulatory compliance. It is not always defined expressly in legislation, so courts often look to factual indicia such as where board meetings occur, strategic decisions are taken and business records are maintained. In cross‑border and EU‑related contexts, it is closely aligned with the “centre of main interests” (COMI) test used in insolvency and jurisdictional rules. Accurately identifying the principal place of business is important when determining governing law, forum, regulatory oversight, tax residence, and where notices, statutory demands or proceedings may validly be served.

A capital gains tax relief available on the gain realised on the disposal of a dwellinghouse or land occupied and enjoyed with the dwellinghouse, which is or has at any time during the period of ownership been the only or main residence of the owner, or in the case of a trust, of a beneficiary who is entitled to occupy the property under the terms of the trust.

A principal trader is a person who: (1) is registered as a market-maker with a recognised investment exchange, or is accepted by the Panel as a market-maker; or (2) is a member firm of a recognised investment exchange dealing as principal in order book securities.