This Agreement is made on [insert date] Parties 1 [insert name of company], a company registered in England and Wales, whose registered company number is [insert company number] and whose registered office is at [insert registered office] (the Company) 2 [insert name of writer] of [insert address] (the Writer) The parties agree: 1 Definitions and interpretation 1.1 The following definitions apply in this Agreement: Accounting Date • means, for the first three years following the initial theatrical release of the Film, 90 days from the end of each Accounting Period and, after that, 180 days from the end of each Accounting Period; Accounting Period • means successive periods commencing on 31 March, 30 June, 30 September, 31 December in each year for the first three years following the initial theatrical release of the Film and after that, successive periods commencing on 30 June and 31 December in each year; Agreement • means this Agreement and any and all schedules and annexes attached to it or incorporated in it by reference; [Budget • means the final budget for the Film agreed by the Company as at the commencement of production of the Film;] Film • means the [cinema OR television] film tentatively titled

Payment of dividends in the form of additional shares rather than cash.

A company has an implied power to distribute its profits to its members, unless its articles of association provide otherwise. A dividend is one type of distribution that may be made by a company to its members. In fact, dividends are the most common type of distribution made by a company. The provisions of Part 23 of the Companies Act 2006 (CA 2006) and the common law rules relating to distributions (as modified by those provisions) must be complied with if a company is to make a lawful distribution. For consideration of the law and practice relating to distributions made by a company, see Practice Note: Distributions. For information on the consequences of non-compliance with the law on distributions, see Practice Note: Unlawful distributions. The ordinary meaning of 'dividend' is a share of profits, whether at a fixed rate or otherwise, allocated to the holders of shares in a company. It is used in relation to payments made to shareholders as shareholders and not, eg, by way of remuneration for services. A dividend is typically satisfied by a

See bonus issue or capitalisation issue.

The text of the play (whether expressed in words or in musical or other notation) together with any stage or other directions for its performance, whether contained in a single document or not.

1 Introduction The time is now [insert the exact time] and I am opening the meeting of Creditors/Members of [insert name of the company] [with [insert type of claim] claims and the meeting of Creditors/Members of [insert name of the company] with [insert type of claim] Claims]. I am [insert name], of [insert firm or company name] [insert details of who the chairperson is eg adviser etc]. The meeting[s] that [is OR are] taking place today [has OR have] been convened by the Company pursuant to an Order of the High Court of Justice of England & Wales made on [insert date]. The purpose of the Meeting[s] is to consider and if thought fit approve the Restructuring Plan(s) under Part 26A of the Companies Act 2006 which the Company proposes to enter into with [certain of] its creditors/members. Under the Court Order, I have been appointed as chairperson of [each of] the Meeting[s]. [I am joined by [insert name], [CEO of the Company] and [insert name], of [insert firm], legal advisers to the Company.] [The

1 Introduction The time is now [insert the exact time] and I am opening the meeting of Scheme Creditors of [insert name of the company][ with [insert type of claim] claims and the meeting of Scheme Creditors of [insert name of the company] with [insert type of claim] Claims]. I am [insert name], of [insert firm or company name][insert details of who the chairperson is eg adviser/administrator/provisional liquidator, etc]. The meeting[s] that [is OR are] taking place today [has OR have] been convened by the Company pursuant to an Order of the High Court of Justice of England & Wales made on [insert date]. The purpose of the Meeting[s] is to consider and if thought fit approve the scheme of arrangement under Part 26 of the Companies Act 2006 which the Company proposes to enter into with[ certain of] its creditors. Under the Court Order, I have been appointed as chairperson of[ each of] the Meeting[s].[ I am joined by [insert name], [CEO of the Company] and [insert name], of [insert firm],

Property Disputes analysis: The High Court has held that a landlord of commercial premises had been significantly overcharging its tenant insurance rent by taking a commission as part of the insurance premium. The landlord (part of the Criterion Group which holds a portfolio of property worth over £4bn) was ordered to repay over £700,000 to its tenant. This is a significant judgment for practitioners with landlord and/or tenant clients and group litigation seems likely to follow if an appeal is not mounted by the landlord or is unsuccessful. Written by Tiffany Scott KC, barrister at Wilberforce Chambers.

Corporate Crime analysis: After a case of fraud that led to the Legal Aid Agency (LAA) paying out millions of pounds for immigration advice that transpired to have been fabricated, scrutiny turned to the limitations of a local authority to prosecute on behalf of the LAA. Richard Heller, barrister at Drystone Chambers, outlines the decision in R v AB and says the judgment provides much clarity on where the law stands.

The Investigatory Powers Act 2016 (IPA 2016) provides the legal framework governing the use of covert surveillance by public bodies which previously had been contained in the Regulation of Investigatory Powers Act 2000 (RIPA 2000), and other legislation. IPA 2016, Pt 8 establishes the office of the Investigatory Powers Commissioner (IPC), who is supported by other Judicial Commissioners. IPA 2016, Pt 8 is intended to provide independent oversight of the use of the powers contained elsewhere in IPA 2016, in part in response to concerns as to the broad scope of those powers. In May 2021, the Grand Chamber of the European Court of Human Rights ruled that independent (not necessarily judicial) oversight of the authorisation and use of bulk interception powers was an important feature of the modern regulation of investigatory powers. The Investigatory Powers Commissioner’s Office (IPCO) oversees the use of covert investigatory powers by public authorities, which includes the UK’s intelligence agencies, law enforcement agencies, police, councils and prisons.

ARCHIVED: This archived Practice Note is not being maintained. For information on the scrutiny of intelligence gathering, see Practice Note: Scrutiny of intelligence gathering and the role of commissioners under the Investigatory Powers Act 2016. The Investigatory Powers Act 2016 (IPA 2016) received Royal Assent on 29 November 2016 and overhauled the existing legal framework governing the use of covert surveillance by public bodies, a framework which at present is largely, but not exclusively, set out by the Regulation of Investigatory Powers Act 2000 (RIPA 2000). For a detailed review of the background which led to the introduction of IPA 2016, as well as an overview of the key provisions of IPA 2016, see Practice Note: The regulation of intelligence gathering—an introductory guide. The provisions of IPA 2016, Pt 8, which relate to the scrutiny of interception are in force. IPA 2016 created a more powerful independent Investigatory Powers Commission (IPC) to oversee the use of these powers. The IPC merges the offices of Interception of Communications and Surveillance and Intelligence

A seal is a mark which the court puts on a document to indicate that the document has been issued by the court.