Kosmar v Trustees of Syndicate 1234 The Court of Appeal held insurers had not waived their right to rely on breach of condition precedent despite failing to reserve their position. Lexington v...
Kosmar v Trustees of Syndicate 1234 The Court of Appeal held insurers had not waived their right to rely on breach of condition precedent despite failing to reserve their position.
Lexington v Multinacional de Seguros An assertion that there had been breach of a clause that was a condition precedent to liability did not waive reinsurers' right to rely on a subsequent breach of the clause to deny the claim.
The substantial shareholding exemption (SSE) applies to companies and exempts certain gains that would otherwise be subject to UK corporation tax following a disposal of shares.
Most contracts for construction works will include an extension of time mechanism, whereby the contractor will be entitled to an extension of time to the agreed completion date – the date by which the works must be completed – in circumstances where there are delays to a project which are not the contractor’s fault or for which the employer has taken the risk.
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