Resolution Definition

GLOSSARY

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What does Resolution mean?

A proposal put forward to be decided upon at a meeting of the board of directors or of the shareholders of a company in general meeting. See also ordinary resolution, special resolution and written resolution.

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Checklist for compromises of FCA-regulated entities: information requirements

Checklist for compromises of FCA-regulated entities: information requirements The Financial Conduct Authority (FCA) is the conduct regulator for financial services firms and financial markets in the United Kingdom. It has a duty under section 1B of the Financial Services and Markets Act 2000 (FSMA 2000) to pursue certain objectives, one of which is the consumer protection objective. The FCA lists its statutory objectives as to secure an appropriate degree of protection for consumers and to protect and enhance the integrity of UK financial markets, with a view to reducing the number of proposed compromises that they do not consider to be appropriate (see FG22/4, para 1.2). On 5 July 2022, the FCA published guidance on compromises of regulated firms (see FCA Guidance FG22/4 July 2022 and updated in January 2024) following their significant concerns about these tools being proposed and used by firms to avoid paying customers redress (see: LNB News 05/07/2022 72). Practitioners will need to take note of the guidance where the proposed compromise involves regulated companies, meaning...

MVNO agreement—checklist

MVNO agreement—checklist This Checklist covers some of the main provisions to be included in a mobile virtual network operator (MVNO) agreement under which a mobile network operator supplier will provide wholesale access services to an MVNO for resale to its own retail customers. It covers some of the main provisions that are specific to an agreement of this kind. See also the Precedent: MVNO agreement. In this Checklist, the following definitions are used: • Agreement—means the MVNO agreement between the MVNO and the Supplier for the provision of the Services • End-User—means a customer of the MVNO • IPR—means intellectual property rights • MVNO—means mobile virtual network operator, the customer in the Agreement • Services—means the wholesale network services being provided to the MVNO by the Supplier • Supplier—means the mobile network operator providing network services to the MVNO The third column can be used to record observations or comments as the Checklist is worked through. Checklist Further information Notes (if any) General terms and conditions ☐ Consider duration....

Service of the claim form in England and Wales—flowchart

Service of the claim form in England and Wales—flowchart This Flowchart sets out the steps required to ensure effective service of the claim form in the jurisdiction. It should be read

Ireland—Civil court structure—flowchart

Ireland—Civil court structure—flowchart This Flowchart provides a simple diagrammatic illustration of the civil court structure in Ireland. It should be read in conjunction with the

Extinguishing vehicular rights on highways under TCPA 1990, s 249

Extinguishing vehicular rights on highways under TCPA 1990, s 249 Section 249 of the Town and Country Planning Act 1990 (TCPA 1990) provides that an order to extinguish vehicular rights on a highway may be made where certain conditions are fulfilled. The section is mainly used for pedestrian schemes or to create a cul-de-sac of a side road which would otherwise lead onto a busy main road. It can also be used to remove vehicular rights on byway open to all traffic. See Practice Note: Public rights of way. Closure of a highway can only be commenced if a planning authority resolves that the action is necessary to improve the amenity of their local area (see below). Procedure for making orders The procedure for making orders under TCPA 1990, s 249 is set out in TCPA 1990, s 252. Before making an order, the Secretary of State or the Council of a London Borough must take the following steps: • publish in at least one local newspaper circulating...

Common medical tests for specific medical conditions

Common medical tests for specific medical conditions A. Orthopaedic Orthopaedic conditions affecting the bones, muscles and ligament structure. Common tests include: • central nervous system • cranial nerves • cervical spine (and tenderness to spasm) • flexion (full and lateral) • rotation (testing motor and sensory neurological deficit in limbs) • deep tendon jerks such as biceps, triceps and supernators • comparison measurements and circumferences of limbs • observation Vibration white finger (VWF) Clinically can have two separate components: vascular (blanching) and neurological (numbness, tingling reduced tactile discrimination and loss of dexterity). Investigations include a number of standard tests such as: • vibrotactile threshold test—is used to test the mechanoreceptors. They respond to stretch, edge and texture and the receptors respond at different frequencies • thermal aesthesiometry test—assesses the thermal receptors threshold • the Purdue peg board test—a measure of dexterity and detects loss of fine movement in the hands • the grip force measurement test—measures the grip strength of both hands. An indication of vibration damage to...

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Finance provisions—joint venture shareholders’ agreement

ALTERNATIVE 1: PROVISION FOR FUTURE LOANS BY SHAREHOLDERS Clause 1 Insert a new definition as follows (if not already included): Respective Proportion means, in relation to a Shareholder, the proportion which the number of Shares held by that Shareholder bears to the total number of issued Shares of the Company; Replace clause 9.3 with the following new clauses 9.3 and 9.4: 9.3 In the event that, at any time during the term of this Agreement, any such borrowings are not available or do not satisfy the working capital requirements of the Company as determined by the Board, each of the Shareholders, when requested from time to time, lend to the Company its Respective Proportion of the amount specified by the...

Transition schedule

Transition schedule Schedule—Transition 1 Introduction 1.1 This Schedule describes how the Services will be transferred from the Customer to the Supplier on or before the scheduled Service Commencement Date . 1.2 It sets out the responsibilities of each party, management and reporting processes and the consequences of any delays or failures in the delivery of the Transition activities. 2 Transition 2.1 From the Effective Date, the Supplier shall: 2.1.1 begin Transition of the Services in accordance with the Transition Plan contained in the Annex to this Schedule; 2.1.2 ensure that each Milestone is completed on or before the Milestone Date; and 2.1.3 take any other action or perform any other services that are necessary to ensure that the Services are ready to be provided on or before the Service Commencement Date notwithstanding that such actions or services may not be expressly set out in the Transition Plan. 2.2 The Supplier shall be responsible for the overall management of Transition and shall identify and resolve, or assist the Customer in the...

Dive into our 1219 Precedents related to Resolution

Where a worker’s pay is not in compliance with National Minimum Wage (NMW) rates, can the worker bring a claim in the employment tribunal and also make a complaint to HMRC for enforcement proceedings against their employer? If the worker’s claim involves a cause of action in addition to their claim for statutory underpayment of wages, would they be able to pursue the claim for underpayment separately via HMRC enforcement, and proceed just with their employment tribunal claim in respect of the other, non-NMW-related, claim(s)?

Where a worker’s pay is not in compliance with National Minimum Wage (NMW) rates, can the worker bring a claim in the employment tribunal and also make a complaint to HMRC for enforcement proceedings against their employer? If the worker’s claim involves a cause of action in addition to their claim for statutory underpayment of wages, would they be able to pursue the claim for underpayment separately via HMRC enforcement, and proceed just with their employment tribunal claim in respect of the other, non-NMW-related, claim(s)? If a worker has not been paid the national minimum wage: • the worker can enforce their entitlement by way of their contract by making a claim for breach of contract or a claim for unlawful deduction from wages • HM Revenue and Customs (HMRC) can enforce the worker's entitlement by issuing a notice of underpayment or suing on the worker's behalf For further information, see Practice Note: National minimum wage, in particular the main sections dealing with Consequences of failure to pay and Enforcement...

What will be the applicable limitation period where a settlement agreement is secured by way of a charging order and the debtor under the agreement subsequently defaults on repayment of the debt, which entitles the creditor to immediate repayment of the whole sum, and the creditor now wishes to enforce their charging order?

What will be the applicable limitation period where a settlement agreement is secured by way of a charging order and the debtor under the agreement subsequently defaults on repayment of the debt, which entitles the creditor to immediate repayment of the whole sum, and the creditor now wishes to enforce their charging order? We have assumed that reference is being made to a charging order. When seeking to enforce the charging order it would have been subject to the previous rules in this area (CPR 73 and CPR PD 73 were amended with the changes coming into force on 6 April 2016). Where such orders charge a beneficial interest under a trust in land, the charge is protected by means of a restriction under the Land Registration Act 2002. We also assume that the charging order was validly obtained. If seeking to apply for an order for sale to enforce a charging order made prior to 6 April 2016 you should still follow the regime set out in the amended...

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Defective cladding, collateral warranties and prescription (Leonardo Hotel Management (UK) Ltd v Galliford Try)

Construction analysis: This case considered the law of prescription—specifically when the prescriptive period ought to begin in a case of latent defects. A tenant of a hotel property in Aberdeen was notified of defective cladding on their building after investigations made in the wake of the Grenfell Tower fire. The court examined when the pursuer could reasonably have known that they had suffered loss, and how collateral warranties granted by defenders in favour of the pursuer might have had the effect of inducing the pursuer to refrain from recognising their loss or seeking to remedy it. The court held: in order to be aware of the defects, Leonardo would need to know (actually or constructively) the objective facts of their loss. The objective facts, were that (i) Leonardo was entering a lease in which they had repairing responsibilities; (ii) the property was defective. Only (i) applied; the collateral warranties granted by the defenders contained statements inducing Leonardo to believe that the property was free of defects. Leonardo was entitled...

UKSC announces updated building and registry opening times

The UK Supreme Court (UKSC) has updated the information on its website regarding its registry opening hours. The update includes details of closures over the Christmas and New Year holiday period and the impact this will have on deadlines which fall during this period, as well as information on how queries regarding cases in the new Case Management Portal are to be dealt with.

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