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ACT definition

What does ACT mean? In corporate and banking practice, ACT usually refers to the Association of Corporate Treasurers, the UK-based professional body for corporate treasury professionals, rather than a statutory “Act”. It is not defined in legislation or case law; the acronym is market terminology used in transaction documents and governance materials. The Association of Corporate Treasurers promotes professional standards in liquidity management, funding, cash and risk management, foreign exchange and derivatives. It publishes guidance and a code of ethics and awards recognised qualifications (including AMCT and FCT). In legal contexts, references to “ACT-qualified” personnel or to ACT good practice may appear in treasury policies,...

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CPR Part 57: Probate, Will rectification, personal representative substitution/removal and Inheritance (Provision for Family and Dependants) Act 1975 claims—procedure and practice (England and Wales)

Practice notes
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STOP PRESS : The 149th Update—Practice Direction Amendments includes a modification to Practice Direction 57—probate from 1 October 2022 as follows:

From 1 October 2022, the 149th Update—Practice Direction Amendments revises Practice Direction 57—Probate. In the Annex, a sentence is added immediately after ‘I believe that the facts stated in this witness statement are true.’ It confirms that contempt of court proceedings can be commenced against any person who makes, or procures the making of, a false statement in a document verified by a statement of truth without an honest belief in its accuracy.

This mirrors the 6 April 2020 revision to the statement of truth verifying a witness statement—see cpr PD 22 and Practice Note: Drafting witness statements—formalities and dealing with problematic witnesses—Statement of truth (available subject to subscription).

CPR 57 sets out rules concerning probate, inheritance, death and missing persons. It covers the following claims and proceedings:

  • probate claims
  • claims for the rectification of Wills (under section 20(1) of the Administration of
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Adam Carvalho
Adam Carvalho

Adam Carvalho has more than 15 years' experience as a contentious Private Client lawyer. Most recently, he was a Legal Director in the Contentious Trusts and Probate Team at Myerson, where he worked on complex and high-value contentious trust and probate matters.Adam trained, qualified and worked as a senior associate and partner in a central London firm in the Tier 1 nationally for Contentious Trust and Probate work.Adam has considerable experience of ultra-high value litigation, cross-jurisdictional matters and disputes in non-UK courts. Adam has litigated in the Supreme Court, Court of Appeal, and advised in relation to complex matters in courts from Bermuda to New Zealand. Adam is known for his constructive, pragmatic advice, his down to earth approach, and his technical knowledge. Adam is a firm believer in focusing on the main issues and providing sound and accessible advice....

Web page updated on 21/05/2026

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