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PRECEDENTS
[ To be printed on the headed paper OF REPORT PROVIDER ] [insert date] To: [insert name and address of Lender] Dear [insert organisation name] [insert description of the proposed transaction] (‘the Transaction’) 1 Consideration We refer to the report on [insert details of the report] in connection with the Transaction dated [insert date] (‘the Report’), prepared on the basis of instructions received by us from [insert name of instructing company], and confirm that we have exercised all reasonable skill and care expected in preparing the Report. In compiling the Report, we have used information provided to us by [insert details] and have not verified the accuracy of this information. In consideration of us assuming a duty of care to you in relation to the Report[ and the payment of [insert amount] by you], you agree to the terms of this letter. 2 Reliance Subject to the provisions set out in this letter, we agree that you may use and rely upon the Report in connection with the Transaction (and acknowledge that you may already have relied upon the Report) in all aspects, including our judgment and skill in preparing
PRECEDENTS
This Agreement is made on the [insert date] day of [insert month] 20[insert year] Parties 1 [insert name of party], a company incorporated in [England and Wales] under number [insert registered number] whose registered office is at [insert address] (Consultant); and 2 [insert name of party], a company incorporated in [England and Wales] under number [insert registered number] whose registered office is at [insert address] (Beneficiary). Background (A) The Consultant was engaged by [insert name] (Client) to carry out the Services at the Property and prepare the Report[s] (B) The Beneficiary is [insert beneficiary’s connection with the Property] and seeks to rely on the Report[s] The parties agree: 1 [insert details] 2 Definitions and interpretation 2.1 In this Agreement, unless otherwise provided: Report[s]
GLOSSARY
Sometimes the claimant may choose to base his claim on reliance interest rather than his expectations under the contract.
PRACTICE NOTES
This Practice Note is part of a series on nuclear site licensing in the UK. This Note explains how to obtain relicensing under the Nuclear Installations Act 1965 (NuIA 1965). It considers the Office for Nuclear Regulation (ONR)'s Licensing Nuclear Installations guidance (LNI Guidance) and highlights some key legal and project considerations for nuclear operators, developers, investors, lenders, nuclear reactor vendors and landowners. Other notes in the series consider: • Applying for and obtaining licensing for a UK nuclear site, see Practice Note: Obtaining a licence for a GB nuclear site—key considerations • The process for delicensing, including both revocation and variation of a nuclear site licence, see Practice Note: Delicensing a GB nuclear site licence—key considerations It should be noted that the Department for Energy Security and Net Zero (DESNZ) and the Ministry of Defence (MoD) established the Nuclear Regulatory Taskforce in 2025 to review several aspects of the civil nuclear sector, including licensing. The resulting final report (known as the Fingleton Report) was published on 24 November 2025 and makes various recommendations
GLOSSARY
A formal term used to refer to a widow or widower in relation to succession to a deceased's estate. See also jus relictae and jus relicti.
GLOSSARY
An event listed in the Project Agreement (and flowed down into the Construction Contract) which, if it occurs, will lead to the Project Co being excused for its failure to comply with its obligations within the timescale. These events are specifically listed and defined in the Project Agreement and usually cover events which are not the fault of either party (but which can usually be insured against by the Project Co), such as fire, explosion, lightning, tempest, strikes, blockades and embargos.
NEWS
Arbitration analysis: Angharad Parry KC of Twenty Essex considers the relief against third parties in support of an arbitration.
NEWS
MLex: The UK cryptoasset industry breathed a collective sigh of relief on 29 April 2025 with sight of long-promised legislation laying the path toward a regulated sector. It broadly met industry expectations and contained a few mostly welcome changes. The announcement of UK-US collaboration on digital assets and a potential trans-Atlantic digital sandbox also brought some reassurance to a UK industry fearing the US running ahead. Critics may remain worried about the pace of developments, however.
PRACTICE NOTES
Reliefs entitle taxpayers to reduce the amount of income tax payable. When calculating liability to income tax, a taxpayer may deduct reliefs from total income resulting in a net income figure. In order to utilise the reliefs and allowances to their optimum, loss relief should be set off before the deduction of allowances such as the personal allowance and the blind person’s allowance. While this Practice Note sets out the main types of reliefs for losses currently available under the income tax rules, it does not cover corporation tax. Main types of loss reliefs In computing the income chargeable to income tax, provision is made for the deduction of loss relief, subject to various conditions, as follows: • losses in a trade, profession or vocation, including trades etc carried on abroad, as set out in Chapter 2 of the Income Tax Act 2007 (ITA 2007) and trade loss relief for partnerships as set out in ITA 2007, Ch 3 • property business losses as set out in ITA 2007, Ch 4 • employment losses
GLOSSARY
An application made by a tenant (or sub-tenant or mortgagee) following forfeiture, seeking the reinstatement of the (forfeited) lease (or the grant of a new lease for the remainder of the term in respect of a subtenant or mortgagee).
NEWS
Dispute Resolution analysis: the Court of Appeal considered whether the Denton criteria for the grant of relief from sanctions were met in a case where a claimant’s failure to file and serve its particulars of claim on time had resulted in its claim being struck out, despite the defendant having already admitted liability in pre-action correspondence and later withdrawn that admission. The first instance judge, despite finding that the first two limbs of the Denton test had been met, concluded that the strength of the claimant’s case, as indicated by the defendant’s (withdrawn) admission, was such that the third limb, requiring the court to consider all the circumstances of the case, could not be satisfied. It therefore set aside the strike out. The Court of Appeal reversed that decision, holding that, in this case, the first instance judge was wrong to have considered the merits of the case at all. Written by Emily Lodge, associate at Quinn Emanuel Urquhart & Sullivan UK LLP.
PRACTICE NOTES
This Practice Note covers the process for claiming relief from forfeiture for any breach other than rent arrears, the factors the court will take into account in deciding the outcome of the application for relief, the terms of relief from forfeiture, and the right of subtenants and mortgagees to claim relief from forfeiture. A tenant threatened with, or subject to, forfeiture may seek relief. If granted, the lease is reinstated as if it had never been brought to an end. The process for claiming relief against forfeiture varies depending on the nature of the breach. This Practice Note sets out the position relating to forfeiture for breach other than non-payment of rent. If the breach is rent arrears, see Practice Note: Relief from forfeiture for rent arrears. Which interests does relief from forfeiture apply to? Relief is not limited to termination of leases. It is also available in relation to agreements for lease (where the tenant is entitled to the grant of the lease), and rights granted by licence, provided they are sufficiently