Jurisdiction(s):
United Kingdom

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Key definition

General Principles definition

What does General Principles mean? In takeover practice, General Principles are the high‑level standards that guide how the Takeover Code (UK) and the Irish Takeover Rules are interpreted and applied in real transactions. They set expectations of commercial behaviour by bidders, target boards and advisers. There are six General Principles, mirroring the general principles in Article 3 of the EU Takeover Directive. In the UK they are contained in the Code notwithstanding Brexit; in Ireland they derive from the Directive and are embedded in the Rules. They are expressed in broad terms and neither the Code nor the Rules defines the precise limits of their...

An introduction to court powers supporting arbitration under the Arbitration Act 1996 (as amended 2025): third‑party orders, emergency relief, injunctions, evidence and time extensions (England, Wales and Northern Ireland)

Published by a LexisNexis Arbitration expert

Practice notes

This Practice Note sets out an overview of the powers exercised by the courts of England and Wales (England and English are used for convenience) in connection with arbitral proceedings under English law and the Arbitration Act 1996 (AA 1996), as amended by the Arbitration Act 2025 (AA 2025), which received Royal Assent on 24 February 2025 and will be in force on the day of the statutory instrument. Further guidance can be found in Practice Note: A guide to the Arbitration Act 1996 (AA 1996) and the ‘Related documents’...

The general principle—minimal interference by the courts in the arbitral process

The AA 1996 is founded on three core principles, one of which safeguards Party Autonomy in arbitration while keeping court involvement to a minimum. That said, the English courts do possess certain powers to bolster the arbitral process. Many of these powers can be contracted out of by the parties through a written agreement, although some remain mandatory pursuant to AA 1996, s 4(1) and Sch 1 to the Act...

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Web page updated on 21/05/2026

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