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Local Authorities Swaps Litigation
The local authorities swaps litigation (sometimes called simply the swaps cases) refers to a series of cases during the 1990s under English law relating to interest rate swap transactions entered into between banks and local authorities. The Judicial functions of the House of Lords, House of Lords ruled that such transactions were unlawful. As a result of the decision over 200 separate actions were filed as hundreds of interest rate swap contracts had to be unwound by the courts at great expense.In his judgment in Re Interest Rate Swap Litigation' (unreported, 28 November 1991) David Hirst (judge), Hirst J recorded that "As at 30th October, 1991 there were 203 extant swap actions, 18 had been settled after the issue of proceedings, 2 had been discontinued and 4 are in progress in the Chancery Division. Although in the vast majority of cases the banks are plaintiffs, there are 10 actions involving 8 local authorities in which a local authority is plaintiff because they are net l ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
Shepherds Bush Road London
A shepherd is a person who tends, herds, feeds, or guards flocks of sheep. Shepherding is one of the world's oldest occupations; it exists in many parts of the globe, and it is an important part of Pastoralism, pastoralist animal husbandry. Because the occupation is so widespread, many religions and cultures have symbolic or metaphorical references to shepherds. For example, Jesus called himself the Good Shepherd, and ancient Greek mythologies highlighted shepherds such as Endymion (mythology), Endymion and Daphnis. This symbolism and shepherds as characters are at the center of pastoral literature and art. Origins Shepherding is among the oldest occupations, beginning some 5,000 years ago in Asia Minor. Sheep were kept for their milk, their sheep meat, meat and especially their wool. Over the next thousand years, sheep and shepherding spread throughout Eurasia. Henri Fleisch tentatively suggested that the Shepherd Neolithic industry (archaeology), industry of Lebanon m ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
Subdivisions Of England
The subdivisions of England constitute a hierarchy of administrative divisions and non-administrative ceremonial areas. Overall, England is divided into nine regions and 48 ceremonial counties, although these have only a limited role in public policy. For the purposes of local government, the country is divided into counties, districts and parishes. In some areas, counties and districts form a two-tier administrative structure, while in others they are combined under a unitary authority. Parishes cover only part of England. The current system is the result of incremental reform which has its origins in legislation enacted in 1965 and 1972.Jones, B., Kavanagh, D., Moran, M. & Norton, P., Politics UK, (2004), Pearson Longman. Administrative England has a non-universal structure of local government subdivisions. There are two tiers of local government subdivision - (administrative) counties and districts (known as boroughs in London). Different local divisions exist acr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
Harry Woolf, Baron Woolf
Harry Kenneth Woolf, Baron Woolf (born 2 May 1933) is a British life peer and retired barrister and judge. He was Master of the Rolls from 1996 until 2000 and Lord Chief Justice of England and Wales from 2000 until 2005. The Constitutional Reform Act 2005 made him the first Lord Chief Justice to be President of the Courts of England and Wales. He was a Non-Permanent Judge of the Court of Final Appeal (Hong Kong), Court of Final Appeal of Hong Kong from 2003 to 2012. He sits in the House of Lords as a crossbencher. Early life Woolf was born in Newcastle upon Tyne, on 2 May 1933, to Alexander Susman Woolf and his wife Leah (). His grandfather Harry was a naturalised Briton of Polish Jewish, Polish and Russian Jewish origins. His father had been a fine art dealer, but was persuaded to run his own building business instead by his wife. They had four children, but their first child died, and his mother was protective of the three surviving children. Woolf lived in Newcastle-upon-Tyn ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
Queen's Counsel
A King's Counsel (Post-nominal letters, post-nominal initials KC) is a senior lawyer appointed by the monarch (or their Viceroy, viceregal representative) of some Commonwealth realms as a "Counsel learned in the law". When the reigning monarch is a woman, the title is Queen's Counsel (QC). The position originated in England and Wales. Some Commonwealth countries have retained the designation, while others have either abolished the position or renamed it so as to remove monarchical connotations — for example, "Senior Counsel" or "Senior Advocate". Appointment as King's Counsel is an office recognised by courts. Members in the UK have the privilege of sitting within the inner Bar (law), bar of court. As members wear silk gowns of a particular design, appointment as King's Counsel is known informally as ''taking silk'' and KCs are often colloquially called ''silks''. Appointments are made from within the legal profession on the basis of merit and not a particular level of expe ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
Junior Barrister
A junior barrister is a barrister who has not yet attained the rank of King's Counsel. Although the term is archaic and not commonly used, junior barristers (or "juniors") can also be referred to as utter barristers derived from "outer barristers" or barristers of the outer bar, in distinction to King's Counsel at the inner bar. They may also be referred to as stuff gownsmen, in contradistinction to the silk gowns worn by King's Counsel (who are therefore also known as "silks"). When students are called to the bar in jurisdictions which maintain barristers as a separate profession, they are said to be "called to the Degree of an Utter Barrister..." on their certificate of call. This reflects that in English court rooms King's Counsel sits one row further forward than junior barristers (historically, the Attorney General sits one row further forward still, although the Attorney General appears so rarely in court in modern times that the convention has largely been abandoned ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
Barrister
A barrister is a type of lawyer in common law jurisdiction (area), jurisdictions. Barristers mostly specialise in courtroom advocacy and litigation. Their tasks include arguing cases in courts and tribunals, drafting legal pleadings, jurisprudence, researching the law and giving legal opinions. Barristers are distinguished from solicitors and other types of lawyers (e.g. chartered legal executives) who have more direct access to clients, and may do transactional legal work. In some legal systems, including those of Anglo-Dutch law, South Africa, Stockholm Institute for Scandinavian Law#Scandinavian Law, Scandinavia, Law of Pakistan, Pakistan, Law of India, India, Law of Bangladesh, Bangladesh and the Crown Dependencies of Law of Jersey, Jersey, Guernsey#Politics, Guernsey and the Manx Law, Isle of Man, ''barrister'' is also regarded as an honorific. In a few jurisdictions barristers are usually forbidden from "conducting" litigation, and can only act on the instructions of ano ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
Royal Courts Of Justice
The Royal Courts of Justice, commonly called the Law Courts, is a court building in Westminster which houses the High Court and Court of Appeal of England and Wales. The High Court also sits on circuit and in other major cities. Designed by George Edmund Street, who died before it was completed, it is a large grey stone edifice in the Victorian Gothic Revival style built in the 1870s and opened by Queen Victoria in 1882. It is one of the largest courts in Europe. It is a Grade I listed building. It is located on the Strand within the City of Westminster, near the boundary with the City of London ( Temple Bar). It is surrounded by the four Inns of Court, St Clement Danes church, the Australian High Commission, King's College London and the London School of Economics. The nearest London Underground stations are Chancery Lane and Temple. History For centuries these courts were located in Westminster Hall; however, in the 19th century, justices decided the courts needed ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
Deloitte
Deloitte is a multinational professional services network based in London, United Kingdom. It is the largest professional services network in the world by revenue and number of employees, and is one of the Big Four accounting firms, along with EY, KPMG, and PwC. The Deloitte network is composed of member firms of Deloitte Touche Tohmatsu Limited ( ) a private company limited by guarantee incorporated in England and Wales. The firm was founded by accountant William Welch Deloitte in London, England in 1845 and expanded into the United States in 1890. It merged with Haskins & Sells to form Deloitte Haskins & Sells in 1972 and with Touche Ross in the US to form Deloitte & Touche in 1989. In 1993, the international firm was renamed Deloitte Touche Tohmatsu, later abbreviated to Deloitte. In 2002, Arthur Andersen's practice in the UK as well as several of that firm's practices in Europe and North and South America agreed to merge with Deloitte. Subsequent acquisitions have inc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
District Auditor
A district is a type of administrative division that in some countries is managed by the local government. Across the world, areas known as "districts" vary greatly in size, spanning regions or counties, several municipalities, subdivisions of municipalities, school district, or political district. Etymology The word "district" in English is a loan word from French. It comes from Medieval Latin districtus–"exercising of justice, restraining of offenders". The earliest known English-language usage dates to 1611, in the work of lexicographer Randle Cotgrave. By country or territory Afghanistan In Afghanistan, a district (Persian ) is a subdivision of a province. There are almost 400 districts in the country. Australia Electoral districts are used in state elections. Districts were also used in several states as cadastral units for land titles. Some were used as squatting districts. New South Wales had several different types of districts used in the 21st centur ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
Goldman Sachs
The Goldman Sachs Group, Inc. ( ) is an American multinational investment bank and financial services company. Founded in 1869, Goldman Sachs is headquartered in Lower Manhattan in New York City, with regional headquarters in many international financial centers. Goldman Sachs is the second-largest investment bank in the world by revenue and is ranked 55th on the ''Fortune'' 500 list of the largest United States corporations by total revenue. In the Forbes Global 2000 of 2024, Goldman Sachs ranked 23rd. It is considered a systemically important financial institution by the Financial Stability Board. Goldman Sachs offers services in investment banking (advisory for mergers and acquisitions and restructuring), securities underwriting, prime brokerage, asset management, and wealth management. It is a market maker for many types of financial products and provides clearing and custodian bank services. It operates private-equity funds and hedge funds. It structures complex and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
Audit Commission (United Kingdom)
The Audit Commission was a public corporation in the United Kingdom from 1983 to 2015. The commission's primary objective was to appoint auditors to a range of local public bodies in England, set the standards for auditors and oversee their work. The commission closed on 31 March 2015, with its functions being transferred to the voluntary, not-for-profit or private sector. On 13 August 2010, it was leaked to the media, ahead of an official announcement, that the commission was to be scrapped. In 2009-10 the commission cost the central government £28 million to run, with the remainder of its income coming from audit fees charged to local public bodies. History Local government audit law has its origins in nineteenth century Poor Law and public health legislation. The Audit Commission was established under the Local Government Finance Act 1982, to appoint auditors to all local authorities in England and Wales and it became operational on 1 April 1983. The National Health Se ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
Swap (finance)
In finance, a swap is an agreement between two counterparty, counterparties to trade, exchange financial instruments, cashflows, or payments for a certain time. The instruments can be almost anything but most swaps involve cash based on a notional principal amount.Financial Industry Business Ontology Version 2 , Annex D: Derivatives, EDM Council, Inc., Object Management Group, Inc., 2019 The general swap can also be seen as a series of forward contracts through which two parties exchange financial instruments, resulting in a common series of exchange dates and two streams of instruments, the ''legs'' of the swap. The legs can be almost anything but usually one leg involves cash flows based on a notional principal amount that both parties agree to. This principal usu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
