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PRECEDENTS
1 Definitions and interpretation 1.1 In this Agreement: Affiliate • means any entity that directly or indirectly Controls, is Controlled by or is under common Control with, another entity; Business Day • means a day other than a Saturday, Sunday or bank or public holiday in England; Control • [has the meaning given in section 1124 of the Corporation Tax Act 2010 OR means the beneficial ownership of more than 50% of the issued share capital of a company or the legal power to direct or cause the direction of the management of the company] and Controls and Controlled shall be interpreted accordingly; Dispute Notice • has the meaning given in clause 2.2; Force Majeure • has the meaning given in clause 6.1; [Insert definitions bespoke to Agreement] 1.2 In this Agreement: 1.2.1 a reference to this Agreement includes its schedules,[ appendices and annexes ](if any); 1.2.2 the table of contents[, background section] and any clause, schedule or other headings in this Agreement are included for convenience only and shall have no effect on the interpretation of this Agreement; 1.2.3 a reference to a ‘party’ includes that party’s personal representatives, successors and permitted assigns; 1.2.4 a reference to a ‘person’ includes a natural
PRECEDENTS
1 Definitions and interpretation 1.1 In this Agreement: [Insert each definition bespoke to the Agreement] 1.2 In this Agreement: 1.2.1 a reference to this Agreement includes its schedules[, appendices and annexes] (if any); 1.2.2 the table of contents[, background section] and any clause, schedule or other headings in this Agreement are included for convenience only and shall have no effect on the interpretation of this Agreement; and 1.2.3 a reference to a ‘party’ includes that party’s personal representatives, successors and permitted assigns; 1.2.4 a reference to a ‘person’ includes a natural person, corporate or unincorporated body (in each case whether or not having separate legal personality) and that person’s personal representatives, successors and permitted assigns; 1.2.5 a reference to a gender includes any other gender and the gender neutral; 1.2.6 words in the singular include the plural and vice versa; 1.2.7 any words that follow 'include', 'includes', 'including', ‘in particular’ or any similar words and expressions shall be construed as illustrative only and shall not limit the sense of any word, phrase, term, definition or description preceding those words; 1.2.8 a reference to any legislation or legislative provision is a reference to it as [in force as at the date
GLOSSARY
The case of Bolam v Friern Hospital Management Committee [1957] 2 All ER 118 established the standard of care expected of somebody without special knowledge or skill: the test is the standard of the ordinary skilled man exercising and professing to have that special skill.
GLOSSARY
The case of Bolitho v City and Hackney Health Authority [1997] 4 All ER 771 established that a court is not bound to hold that a doctor can escape liability for negligence simply by producing evidence from a number of experts that his opinion and actions accorded with accepted medical practice.
PRACTICE NOTES
NOTE—to see whether notification thresholds in Bolivia and throughout the world are met, see Where to Notify. 1. Have there been any recent developments regarding the Bolivian merger control regime and are any updates/developments expected in the coming year? Are there any other ‘hot’ merger control issues in Bolivia? Bolivia is characterised by the absence of a general merger control law and the existence of certain merger control provisions in regulated sectors such as energy, telecommunications, hydrocarbons, banking, insurance, and securities. For most of the past two decades, the prevailing tendency has been to grant regulatory authorities in these sectors very broad and discretionary powers, creating a situation where merger control requirements can vary significantly depending on the sector involved. However, after nearly 20 years of overwhelming executive and parliamentary control by a government aligned with common Latin American left-wing policies, projections for the upcoming presidential election indicate that a political shift may occur in the following year. It appears likely that the executive branch will change leadership and that
NEWS
Law360: Bolt drivers are legally considered to be workers, an employment tribunal has ruled in a claim brought on behalf of more than 10,000 past and present drivers for the app that could be worth £200m.
GLOSSARY
A bolt-on acquisition usually refers to a company or small group of companies that is being acquired by a larger group already controlled by a private equity sponsor.
NEWS
The Bona Vacantia Division (BVD), together with the Government Legal Department, has announced the reinstatement of the Bona Vacantia unclaimed estates list following a review of its publication. Publication of the list was suspended in July 2025 amid allegations of fraud within the probate system. The review concluded that there was no evidence linking the unclaimed estates list to fraudulent activity. However, BVD determined that it is prudent to limit the data provided to protect the integrity of the list while still providing adequate information to enable individuals to identify a family member. The reinstated list will display only the deceased's name, date of death, place of death and the relevant BVD case reference number. BVD will continue to monitor the publication of the list and may restrict or remove access without notice if further allegations of fraud or misuse arise.
NEWS
The Bona Vacantia Division of the Government Legal Department has published revised Refer Bona Vacantia Land or Buildings (BVC2) and Apply to buy a Freehold Reversion (BVC4) guidelines. The revisions incorporate increases in the indicative charges relating to district valuer fees, applicable where a valuation is required in relation to land or buildings, or a freehold or leasehold reversion.
NEWS
The government legal department's Bona Vacantia division has temporarily removed its unclaimed estates list from the gov.uk website, following a BBC investigation into an alleged multi-million-pound fraud. The Ministry of Justice (MoJ) has confirmed that this removal is linked to ongoing investigations into fraudulent activity involving the list, which included details of approximately 6,000 unclaimed estates in England and Wales. In addition, bank accounts belonging to several companies associated with the suspected fraud have been suspended. The MoJ has not specified when the list will be restored to public access.
GLOSSARY
Ownerless land or goods.
PRACTICE NOTES
Dissolution If a Companies Act company (ie a company regulated by the Companies Act 2006 (CA 2006) or any of its predecessors) is dissolved, all its property as at the moment of dissolution (together with all rights vested in, or held on trust for, but excluding property held on trust for another), passes to the Crown as bona vacantia (ie ownerless goods) under CA 2006, s 1012(1), unless the company’s registered office is located within either the Duchy of Cornwall or the Duchy of Lancaster, in which case the bona vacantia passes to that Duchy; but note that freehold land lying within the area of the Duchy of Cornwall vests in the Duke of Cornwall on dissolution regardless of where the company’s registered office may have been situated). NOTE: The Duchy of Cornwall is held by the Duke of Cornwall under a charter of 1337 (which confers the dukedom on the eldest son of the monarch and heir to the throne): it extends to the entire county of Cornwall. The Duchy of Lancaster (sometimes also