An express indication by insurers stating that rights are reserved or there is a reservation of rights under the policy, means that indemnity under the insurance policy has not been confirmed. Any continued assistance provided by insurers is not to be deemed as waiving the position on insurance coverage.

[ To be printed on the headed paper of the lender ] [insert date] To: [insert name and address of borrower] Dear [insert full name of borrower] 1 We refer to the facility agreement dated [insert date of facility agreement] between [insert name of borrower] (the Borrower) and [insert name of lender] (the Lender) as amended, novated, supplemented, restated or replaced

Money allocated by insurers and reinsurers to pay claims.

HMRC has published a technical note on the tax rules for Reserved Investor Funds (RIFs)

This Practice Note explains the purpose of a reserved judgment and the restrictions attached to the receipt of a draft judgment. It also addresses what a party should do on receipt of a draft judgment and the limited circumstances in which it may be possible to prevent a draft judgment being handed down altogether. What is a reserved judgment? A court can reserve judgment by deferring giving its reasons for making a decision to a later date in writing (as opposed to giving its judgment orally straight after the hearing or trial concludes). At the end of the hearing the judge will usually state that judgment is being reserved and will subsequently circulate a draft written judgment to the parties. This practice originated in the Court of Appeal, and was extended to the High Court. Where judgment is to be reserved, the judge may, at the conclusion of the hearing, invite the parties’ legal representatives’ views about the arrangements made for the handing down of the judgment (CPR PD 40E, para 2.1). The draft judgment will be

This is a defined term in the Legal Services Act 2007 and means: the exercise if a right of audience; the conduct of litigation; reserved instrument activities (relating to the transfer of land); probate activities; notarial activities; the administration of oaths.

A list of veto rights negotiated between the joint venture parties and included in the joint venture agreement which require the consent of a simple majority, a special majority, a super majority or unanimous consent of the joint venture parties before any action can be taken.

The Commons Library has issued an updated briefing on reserved matters—policy areas that remain under Westminster’s control despite extensive devolution to Scotland, Wales and Northern Ireland. Since the Wales Act 2017, all three devolved legislatures operate under a 'reserved powers' model: everything not expressly reserved to the UK Parliament is presumed devolved. The paper reviews the historical development of this model, the continuing divergence between the devolved settlements, and the role of the Supreme Court in defining constitutional boundaries.

Insert the following as new definitions (if not already included) in the subscription and shareholders’ agreement or investment agreement of the relevant company: Annual Budget • means the annual operating budget adopted under clause [insert number of clause in subscription and shareholders’ agreement/investment agreement dealing with the adoption of the company’s budget]; A Ordinary Shares • means the A ordinary shares of [insert amount]p each in the capital of the Company; [Financing Documents • means the facilities agreement to be entered into on the same date as this Agreement between the [Company OR [insert the name of the company in the investee group party to the financing arrangements, eg newco 1, newco 2 etc]] and [insert name of bank] together with the [list other financing documents, such as security and intercreditor documentation] in the agreed form, as amended, supplemented, novated or replaced from time to time;] Investor Consent or Investor Direction • means the giving of a written consent or direction by the [Lead Investor or, if there is no such Lead Investor at the relevant time,]

An amount which an asset-based lender applies to reduce or extinguish availability.

What is a reservoir? The Reservoirs Act 1975 (RA 1975), as amended by the Flood and Water Management Act 2010 (FWMA 2010), applies only to 'large raised reservoirs', which includes: • a large raised structure designed or used for collecting and storing water • a large, raised lake or other area capable of storing water which was created or enlarged by artificial means A structure or area is 'raised' if it is capable of holding water above the natural level of any part of the surrounding land (RA 1975, s A1(2)). A raised structure or area is 'large' if it is capable of holding 25,000 cubic metres of water in England or 10,000 cubic metres in Wales above the natural level of any part of the surrounding land. Large raised reservoirs need to be registered with the Environment Agency (EA) in England or Natural Resources Wales (NRW) in Wales. The calculation of capacity of a large raised reservoir is provided in the Reservoirs Act 1975 (Capacity, Registration,

Practice Compliance analysis: As part of its Immigration and Asylum Bill, which had its second reading in Parliament on 13 July 2026, the government has included proposals that would substantially reform the transparency in supply chains regime under section 54 of the Modern Slavery Act 2015 (MSA 2015). If passed, the measures would introduce mandatory reporting topics, extend the regime to parts of the public sector, impose a fixed publication deadline and enable financial penalties for non-compliance. Taken together, the proposals represent a substantial reshaping of section 54 moving away from a relatively flexible, disclosure-based model and towards a strict compliance regime.