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...

Age, relationship duration and cohabitation: their effect on sharing, needs and clean break in financial remedies under the Matrimonial Causes Act 1973 and Civil Partnership Act 2004 (England and Wales)

Published by a LexisNexis Family expert

Practice notes

By virtue of section 25(2)(d) of the Matrimonial Causes Act 1973 (MCA 1973), the court must take into account the age of each party to the marriage and how long the marriage has lasted. An equivalent requirement is contained in the Civil Partnership Act 2004 (CPA 2004), Schedule 5, Part 5, paragraph 21(2).

Age of the parties

Age will usually have a direct bearing on the other considerations under MCA 1973, s 25 or CPA 2004, Sch 5, Pt 5; it is assessed alongside the duration of the relationship, earning capacity, needs and contributions. Pension matters tend to be more prominent for parties in their fifties and of lesser significance for those in their thirties (see Practice Note: general principles—pensions in family proceedings). In a similar way, present and future earning capacity for parties in their fifties or sixties will be approached differently from that of considerably younger individuals. An older party may have a more fragile earning capacity, which may make the court hesitant to impose a clean break...

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Web page updated on 21/05/2026

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