Warrant to cite meaning

This is a glossary of common words and expressions used in Scottish insolvency law with the nearest England and Wales insolvency law equivalent (where relevant) Absolute insolvency Meaning: When a person’s liabilities are greater than the overall worth of their assets. Nearest English equivalent: Balance sheet insolvency. Accountant in Bankruptcy (AiB) Meaning: A Scottish Government agency overseeing the regulation of personal bankruptcy (sequestration and Protected Trust Deeds) in Scotland, and able to serve as trustee in sequestrations where no insolvency practitioner is appointed. It also maintains records of corporate insolvencies in Scotland (receivership and liquidations only) but does not perform the role of Official Receiver. See Practice Note: Scotland: the Accountant in Bankruptcy. Nearest English equivalent: N/A. Accountant of Court Meaning: A court-appointed officer within Scottish Courts and Tribunals who administers funds consigned to the Accountant of Court pursuant to a Court of Session interlocutor or during liquidation proceedings. They oversee Judicial Factors or Administrators appointed by the Court to manage estates...

Defining sustainable development—the background In the UK, mechanisms concerned with sustainable development generally draw on, and are steered by, variants of the Brundtland definition. They also frequently cite the three interlinked ‘pillars’, often described as the ‘triple bottom line’. The Brundtland definition and the ‘three pillars’ concept The Brundtland Report (Our Common Future) frames sustainable development as progress that fulfils current needs without diminishing the ability of future generations to meet theirs. It embraces two principal ideas: needs—particularly the fundamental needs of the world’s poor, which warrant overriding priority; and limits—those set by the prevailing state of technology and social organisation on the environment’s capacity to satisfy present and future needs. The UN General Assembly endorsed this definition in Resolution 42/187, and the 2005 UN World Summit Outcome refers to the ‘interdependent and mutually reinforcing pillars’ of sustainable development: economic development social development environmental protection These elements underpin UK mechanisms touching on...