15 FLK1 Flashcards
How can the parliament be dissolved?
- PM must request the king to dissolve Parliament, and can do so at any time before the expiry of the current Parliament’s 5 year term
OR
- Automatic Dissolution After Five Years: If Parliament is not dissolved earlier, it will automatically dissolve five years from its first meeting after a general election. This provision ensures that elections will still be held at least every five years even without early dissolution
Disputes
What kind of costs can a successful party recover from the unsuccessful party?
successful party MAY (not must) recover all costs from unsuccessful party
“may” because court has discretion re costs awarded
Construction cases - what kind of damages do you typically get?
1) cost of repair; or
2) diff in value and/or loss of amenity
What kind of CDD - listed company but trading on unregulated market
simplified or standard CDD on a risk-based approach
Contract
Economic duress elements
Did the person claiming to be coerced protest?
Did that person have any other available course of action?
Were they independently advised?
After entering into the contract, did they take steps to avoid it?
Note, there should also be:
1. Compulsion of the will - absence of choice
2. Illegitimacy of the pressure (unlawful/ lawful but pushing to a corner)*
*this cannot be ordinary commercial pressure
Economic duress makes a contract VOIDABLE (not void)
However, if you affirm if - then you have lost your right to rescind the contract
In a partnership (3 partners) with a PA that requires consent of all partners to enter into a contract (and 3P knows this) - if P1 and P2 enter into a contract, what is the effect on P3?
P3 will not have any liability for the contract as P3 did not consent and 3P knew of the restriction
A CF issued for service within the jurisdiction - when should it be served?
Must be served within 4m from the date of issue ie by midnight of the final day of service (re validity of the service - don’t look at when the doc will be “deemed” served).
Eg: if you send it by post on the last day of 4th month (before midnight) - it is validly served … doesn’t matter when they receive it
Submission of tenders by X time - as long as you (supplier) submit by the requested time, is the contractor obligated to consider the tender?
Yes
The contract is contractually obligated to consider the tender, else the supplier can claim for breach of contract
Pre Action Protocol - Personal Injury
- When should D reply to LOC?
- By when should D (or insurer) provide a full response (ie admit/ deny liability)?
- within 21 days from C posting the LOC (the response should identify the insurer & mention omissions in LOC if any)
- within 3m from the date of acknowledgement of LOC (ie (1) above). Thus, max. period for a full response is 3m + 21 days from C posting the LOC.
If a client suffers a loss due to the firm’s lack of FCA approval, thus breaching FSMA - what is the remedy for the client?
Sue for damages
Nothing to do with any kind of Ombudsman.
When giving a comfort letter/ reference letter, if there is an express disclaimer of responsibility from the statement maker but 3P relies on the letter anyway - will 3P succeed in its claim for reliance?
No - 3Ps claim will be defeated
Facts
D - is funded by litigation funder
C - wins the claim
D - goes bankrupt
Can C claim costs from the litigation funder?
No
C can only claim from the litigation funder if the funder is an interested party to the claim
Further, if D is broke, funder wont be able to recover their investment from D either
But the court MAY (at its discretion) order that funder pay costs of the successful party (ie non-party costs) if funder is truly an interested party to the claim
Partnership
Where should the partners names be displayed?
If less than 21 partners then:
all names on stationary + display details* of partnership should be at the place of business
*notice containing names + address of service
3 elements needed to a tipping off offence to be committed
- a disclosure has been made to MLRO/ NCA
- you know/ suspect that informing client of any details will prejudice SAR
- you got the disclosure info in the course of business in a regulated sector
Company
What is the doctrine of reflective loss?
Anyone in the capacity of SH cannot bring a claim against D for any loss in the value of their shares (if they want to do this - try derivative action or an unfair prejudice claim).
Employees or creditors (who are also SH) may, in their capacity as employees/ creditors, bring a claim against directors for wrongdoing.