Fee simple meaning

In this issue: Air emissions and climate change Energy efficiency and buildings Energy efficiency of products Energy for environmental lawyers Environmental enforcement and prosecutions Environmental information Environmental taxes ESG and sustainability Hazardous substances and chemicals Marine Nature, biodiversity and habitat conservation Waste producer responsibility regimes Water, flooding and drainage Daily and weekly news alerts New and updated content Air emissions and climate change DESNZ publishes 2024 UK ETS performance report The Department for Energy Security and Net Zero (DESNZ) has released the 2024 performance report for the UK Emissions Trading Scheme (UK ETS), now in its fourth year of operation. The publication offers a high-level snapshot of UK ETS infrastructure, participant data for installations and aviation, and information on market oversight and compliance. It also outlines how the carbon market operated, including the supply and free allocation of UK Allowances (UKAs), auction outcomes, and implementation of the Cost...

This Practice Note outlines equitable execution and sets out the procedure to follow when seeking an order appointing a receiver by way of equitable execution. What is equitable execution? Equitable execution is the court’s appointment of a receiver to collect income produced by a judgment debtor’s assets. That receiver oversees those income streams and makes payments to the judgment creditor to clear the judgment debt, without conferring any entitlement on the creditor to the underlying asset. This is a different kind of receiver from those encountered in insolvency. Equitable execution is not an insolvency process and the creditor gains no proprietary interest or secured standing. It is neither a simple nor inexpensive mode of enforcement and, often, securing a third party debt order or a charging order will be the preferable way to enforce a judgment debt. Nevertheless, where the standard enforcement routes are unsuitable or unavailable, equitable execution may offer a viable path. Equitable execution is largely governed by case law...

This month, the Australian Government opened a formal consultation on the Exposure Draft of the Australian Competition and Consumer Commission’s mandatory notification waiver form, the New Zealand Government unveiled significant merger control reforms, and the Uganda Government issued the Competition Regulations 2025, creating a new merger control regime. Australia—Treasury consults on Exposure Draft of ACCC mandatory notification waiver form On 3 September 2025, the Treasury released an Exposure Draft Instrument that outlined the Australian Competition and Consumer Commission’s (ACCC) proposed mandatory notification waiver form. Consultation on the draft ended on 16 September 2025. Background From 1 January 2026, mergers meeting the thresholds must be notified to the ACCC, except where an exemption is available. Non-notification will make a transaction automatically void in law. However, the ACCC will have power to grant waivers from notification, permitting some deals to proceed without completing the full notification process. Waiver applications Notification waivers are discretionary and offered when transactions are unlikely to raise competition issues...

Introduction This Practice Note outlines and explains, in particular, escheat, bona vacantia (ownerless property) and the power of the Crown, or a Royal Duchy, to disclaim bona vacantia on the dissolution of a company where the relevant asset is a freehold estate in land. It further addresses the impact and consequences of a disclaimer of onerous freehold land by a liquidator, a trustee in bankruptcy, or the Official Receiver. Escheat Paramount lordship of the Crown The doctrine of escheat has its roots in the long-standing feudal arrangements for holding land. Within that framework, all land across England, Wales and Northern Ireland is, in the last resort, held by the Crown: this is the principle of paramount lordship. Nevertheless, others may hold a legal estate in land; the more modern expression of this appears in section 1 of the Law of Property Act 1925 (LPA 1925), which recognises freehold (and leasehold) estates. A person entitled to one of these estates enjoys the incidents of ‘ownership’ as that...

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Date [ date ] Parties [ name of first joint tenant ] of [ address ] [ name of second joint tenant ] of [ address ] (together, the Joint Tenants) background (A) Under a [ conveyance OR transfer ] dated [ date ], between (1) [ name(s) of seller(s) ] and (2) the Joint Tenants, the property set out in the Schedule (the Property) was [ conveyed OR transferred ] to the Joint Tenants in fee simple as beneficial joint tenants...

Date [ date ] Parties [ name of first joint tenant ] of [ address ] [ name of second joint tenant ] of [ address ] [ name of third joint tenant ] of [ address ] (together, the Joint Tenants) background Under [ a [ conveyance OR transfer ] dated [ date ] between (1) [ names of sellers/transferors ] and (2) the Joint Tenants OR a settlement dated [ date ] between [ parties ] OR an assent dated [ date ] between [ name(s) of personal representative(s) ] ] and the Joint Tenants [ and in the events which have happened ], the property described in the Schedule (the Property) is held by the Joint Tenants in fee simple as beneficial joint tenants. [ Up to the date of this Deed, the rents and profits of the Property have been received, paid and applied in accordance with the directions of, and...