Conversion rights meaning

In this issue: Repairing obligations and dilapidations Trespass and adverse possession Service charges Residential tenancies Disputes and remedies Rent and rates Easements and covenants Property disputes in Scotland Additional Property Disputes updates LexTalk® Property Disputes: a Lexis®Nexis community Daily and weekly news alerts New and updated content Dates for your diary Trackers Repairing obligations and dilapidations Building Safety Act—remediation contribution orders—respondents’ appeal dismissed in Vista Tower (Grey GR Ltd Partnership v Edgewater (Stevenage)) In Grey GR Ltd Partnership v Edgewater (Stevenage) [2025] Lexis Citation 276, the Upper Tribunal (UT) rejected the respondents’ appeal against the First-tier Tribunal’s (FTT) grant of a remediation contribution order under section 124 of the Building Safety Act 2022, made against 75 respondents. Marcus Birch of BCLP reviews the decision. See News Analysis: Building Safety Act—remediation contribution orders—respondents’ appeal dismissed in Vista Tower. High Court held progressive failure of window seals constituted disrepair (Better...

In this issue: Key developments UK immigration control: how it works Sponsored work EU law rights and EU Settlement Scheme Challenging immigration decisions and enforcement Preventing illegal working British citizenship and the right of abode Daily and weekly news alerts New and updated content Future developments—Immigration calendar Our Immigration calendar highlights key forthcoming changes of interest to business immigration advisers... UK immigration control: how it works Fees to be increased again, and new airside transit ETA exemption The Home Office has presented to Parliament the draft Immigration and Nationality (Fees) Order 2025, which will amend the Immigration and Nationality (Fees) Order 2016, SI 2016/177. Once approved, it will raise the upper limits for a range of specified immigration and nationality charges. After it takes effect, the Immigration and Nationality (Fees) Regulations 2018, SI 2018/330 will then be amended to adjust the actual payable fees. The Explanatory Memorandum to the draft Order explains...

Original news Mansell v Tonbridge and Malling Borough Council [2017] EWCA Civ 1314 What is the significance of the decision for authorities and developers? This ruling offers a clear restatement of how a fallback scheme should be treated as a material consideration in planning decisions. The Court of Appeal underlined that courts should shun rigid or mechanistic tests and remember the breadth for a lawful exercise of planning judgment by the decision-maker. Because fallback scenarios depend heavily on their particular facts, the application of planning judgment is paramount. In this instance, there was no legal misdirection in giving weight to the fallback available under permitted development rights. The Court of Appeal also affirmed the High Court’s view that, for the purposes of Class Q in Part 3 of Schedule 2 to the Town and Country Planning (General Permitted Development) (England) Order 2015, SI 2015/596 (the GPDO), a partial change of use of existing agricultural buildings could be undertaken where required to satisfy the conditions tied to that permitted...

Pre-emption rights on allotment Pre-emption rights on allotment provide every shareholder in a company with a means to guard against dilution of their percentage stake where this could result from a share allotment, the issue of rights to subscribe for shares, the conversion of securities into shares, or a disposal of treasury shares by that company. This Practice Note addresses the pre-emption rights applicable to an allotment of equity securities by a public company that is neither a listed company nor an AIM company (that is, an unlisted public company), as prescribed in the Companies Act 2006 (CA 2006). Close attention should be paid to the breadth of those statutory pre-emption rights, because an unlisted public company must observe them to the extent that they have not been disapplied, varied, waived, or excluded and ensure that it complies with them to that extent...

Questions about bailment frequently surface within the art sphere. For instance, warehousing or freight operators may owe bailment obligations when holding and/or moving artworks or other chattels. Lending pieces and/or using artworks as security or collateral can also create bailment relationships. Claims founded on breach of contract and/or negligence often additionally plead bailment. Further illustrations appear throughout this Practice Note. Bailment is a nuanced field. This Practice Note concentrates on bailment issues in the context of art law. For a fuller outline of bailment law generally, see Practice Note: Bailment. See also Q&A: How are damages quantified when bailed goods have been negligently lost? For a summary of aspects of art law pertinent to Private Client practitioners, see Practice Note: Art law-introduction for Private Client practitioners. Additional examples are set out across this Practice Note. What is bailment? Put simply, a bailment may arise at common law where one party assumes temporary possession of another party’s goods, for example: a collector, the bailor, delivers an...

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£ [ insert number ] [ insert rate ]% convertible [ subordinated ] redeemable loan notes 20[ insert year ] [ insert name of issuer ] Dated [ insert day and month ] 20[ insert year ] Parties [ Insert name of issuing company ], incorporated in England and Wales under number [ insert company number ], whose registered office is at [ insert address ] (the Issuer) Background The Issuer has determined to create up to a maximum nominal amount of £[ insert number ] [ insert rate ]% convertible [ subordinated ] redeemable loan notes, to be constituted as set out in this document...

£[ insert number ] [ insert rate ]% convertible [ subordinated ] redeemable loan notes 20[ insert year ] [ insert name of issuer ] This Instrument bears the date [ insert day and month ] 20[ insert year ]. Parties [ Insert name of issuing company ], incorporated in England and Wales under number [ insert company number ], whose registered office is at [ insert address ] (Issuer) background The Issuer has determined to establish up to a maximum nominal amount of £[ insert number ] [ insert rate ]% convertible [ subordinated ] redeemable loan notes, which shall be constituted in accordance with the provisions set out in this document...

This Agreement is dated [ insert date ] Parties The individuals named in Schedule 1 (the Partners), trading as [ insert partnership name ] (the Partnership); and [ insert full name of LLP ] LLP, incorporated in England and Wales under number [ insert registered number ] whose registered office is at [ insert address ] (the LLP). Each of the Partners and the LLP is a Party, and together the Partners and the LLP are the Parties. Background The Partners presently conduct the Business as a general partnership under the Business Name and wish to convert that general partnership into a limited liability partnership. Each of the Partners is a member of the LLP and intends to continue the Business through the LLP as a going concern from the Transfer Date...