Charities Act 2022 receives Royal Assent
…endowment, that is, assets held by the charity with restrictions on spending the capital. For example, it introduces a new power to borrow up to 25% of the permanent endowment…
Search Results for digital assets
Law Commission launches consultation on Contempt of Court
…of court order or undertaking”. Examples include litigants in high value commercial disputes taking assets out of the country in contravention of a “freezing order” requiring them not to do…
Project: Decentralised Autonomous Organisations (DAOs)
Project status: Complete
…of dollars of assets. They have already been the subject of litigation in the US, and potentially expose participants to significant legal liabilities. And yet, beyond the very high-level description…
Protection of Official Data consultation deadline extended
…“information” – language that will future proof the legislation. That foreign nationals who target British assets abroad, for example by committing espionage within an embassy, should also be subject to…
Project: Bills of Sale
Project status: Complete
…Help unincorporated businesses raise finance against their assets, by making lending cheaper and more straightforward. Businesses, lenders and consumer groups strongly agreed our reforms would make a vast improvement to…
Project: Company Security Interests
Project status: Complete
Companies often grant charges and other security interests over their assets to secure loans. This project looked at how such security interests should be registered. It also considered how to…
Government accepts Law Commission recommendations for reform to charity law
…funds. The aim is to prevent the disproportionate diversion of charitable assets and trustee time on compliance with regulation from which little or no benefit is derived, whilst providing effective…
Government shelves Goods Mortgages Bill
…loan would not be liable and would keep the car. Helps unincorporated businesses raise finance against their assets, by making lending cheaper and more straightforward. The Law Commission’s special procedure…
Protecting our environment and heritage – Government welcomes Law Commission’s “excellent work” on conservation covenants
…the Government says it “broadly agrees” that such a scheme could contribute to the protection of England’s natural and historic assets. The response applies only to England but the position…