Admission condition meaning

In this issue Public company takeovers Financial reporting obligations Directors and company secretaries Corporate governance Daily and weekly news alerts New and updated content Dates for your diary Trackers Useful information Public company takeovers CLLS publishes updated guidance and precedent wording for contractual offers and schemes The Joint Working Party of the City of London Law Society (CLLS) and the Law Society of England and Wales has issued a set of illustrative materials that deliver guidance and model clauses for use in documentation relating to contractual offers and schemes of arrangement carried out in accordance with the City Code on Takeovers and Mergers (the Code). The set includes a revised Admission Condition Note, which replaces the April 2011 version...

In this issue: Clinical negligence Costs Other PI and clinical negligence news LexTalk®PI & Clinical Negligence: a Lexis®Nexis community LexisNexis® Webinars Daily and weekly news alerts Clinical negligence High Court rejects allegation of breach of duty of care The King's Bench Division, in Deakin-Stephenson v Behar, dismissed the claimant's personal injury action against the first defendant (B), a consultant in laparoscopic and emergency surgery, and the second defendant NHS Trust. The claimant had collapsed with acute abdominal pain and was taken to a hospital operated by the second defendant. She had developed a condition affecting the large intestine and colon. B undertook a laparoscopic lavage. She subsequently collapsed again with severe abdominal pain. B then performed a Hartmann's procedure, but the claimant continued to experience chronic abdominal pain along with several other conditions. She alleged breach of duty by B, asserting that, after admission, she and her family had repeatedly asked for a referral for...

Resource Note This Resource Note summarises the core provisions of Rule 24 of the City Code on Takeovers and Mergers (the Code), which sets out the content and publication standards for offeror documents. It signposts pertinent materials, Panel commentary and guidance, plus Lexis+® UK analysis and tools, to provide practical assistance on interpreting and applying Rule 24... Materials included Practice Statements issued by the Panel Executive (the Executive), offering informal insight into the Executive’s usual approach to the Code Panel Statements (P/S) released by the Panel and Panel Instruments Public Consultation Papers (PCP) and Response Statements (RS) from the Code Committee Annual Reports from the Panel discussing broad matters (Annual Reports) Relevant Lexis+® UK resources Rule 24—Setting the scene Code and Lexis+® UK resources What it covers Rule 24 addresses the required content and publication obligations for offeror documents... Application Rule 24 applies to all offeror documents. Rules 24.7 and 24.10 do not...

The Pre-Action Protocol for Resolution of Package Travel Claims (the Package Travel Protocol) It applies to matters worth no more than £25,000. Claims proceed on a fixed costs basis; see Fixed costs—cause of action accrued before 1 October 2023 and Fixed costs—cause of action accrues on or after 1 October 2023 below. A ‘package travel claim’ seeks compensation for gastric illness suffered during a package holiday. ‘Gastric illness’ comprises any gastrointestinal condition: arising from a breach of contract, a statutory duty, or a common law duty connected with services, food, or drink supplied in relation to a package holiday ‘Package holiday’ refers to a package regulated by the Package Travel, Package Holidays and Package Tours Regulations 1992, SI 1992/3288, or the Package Travel and Linked Travel Arrangements Regulations 2018, SI 2018/634. For further information on the Package Travel regulations, see Practice Note: Package holiday claims. The protocol’s objectives are to: promote prompt and comprehensive exchange of information about the...

Investment trust An investment trust is a collective investment vehicle structured as a listed, UK tax-resident public limited company. Despite the label, in legal terms an investment trust is a company rather than a trust. The expression stems from a period when these vehicles were established as trusts, but they later converted to limited companies and therefore are no longer trusts in any legal sense. Where HMRC grants approval to an investment trust, it can access certain UK tax advantages. This Practice Note sets out the eligibility criteria that must be met for a fund to obtain approval as an investment trust for UK tax purposes. It also addresses the continuing requirements that must be satisfied in every accounting period for which the vehicle holds that approval...

STOP PRESS : Significant reforms to the UK prospectus regime came into force on 19 January 2026 Major changes to the UK regime for public offers and admissions to trading took effect on 19 January 2026. The framework for securities offers and UK market admissions is now chiefly contained in the Public Offers and Admissions to Trading Regulations 2024, SI 2024/105 (the POATRs), together with the FCA sourcebook, The Prospectus Rules: Admission to Trading on a Regulated Market (PRM). The UK Prospectus Regulation and the FCA Prospectus Regulation Rules have been repealed. The reforms aim to simplify capital raising and substantially lessen the circumstances in which a company must publish an FCA-approved prospectus for a further share issue. For full details of the changes, see Practice Note: UK prospectus regime reform. This Practice Note sets out the prospectus regime that applied before 19 January 2026...

This Deed of adherence is made on [ insert day and month ] 20[ insert year ] Parties [ insert name of new limited partner ] of [ insert address ] ( New Limited Partner ); and [ insert name of general partner ] of [ insert address ] ( General Partner ). BACKGROUND This deed supplements, and is executed pursuant to, the Limited Partnership Agreement. [ [ insert name ] ( Transferor ) proposes to transfer their interest in the Limited Partnership to the New Limited Partner OR the New Limited Partner seeks admission as a Limited Partner in the Limited Partnership. ] The General Partner has agreed to the [ transfer of the Transferor’s interest in the Limited Partnership to the New Limited Partner and the ] admission of the New Limited Partner as a Limited Partner in the Limited Partnership with effect from the Admission Date, on condition that the New Limited Partner enters...

This DEED This DEED is entered into on [ insert date ] Parties [ insert name of company ], a company incorporated in [ England and Wales ] with registered number [ insert company number ], whose registered office is at [ insert address ] (the Company); [ and ] [ insert name of shareholder ] [ a company incorporated in [ England and Wales ] with registered number [ insert company number ], whose registered office is at [ insert address ] OR whose address is [ insert address ] ] (the Shareholder); [ and ] [ [ insert name of nominated adviser ], a company incorporated in [ England and Wales ] with registered number [ insert company number ], whose registered office is at [ insert address ] (the Nomad). ] RECITals (A) The Company is seeking the admission of all its ordinary shares in issue [ and to be issued ] to trading on AIM,...