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the law of the country in which an action is brought out lex lata: the carried law The law as it has been enacted. lex loci: the law of the place The law of the country, state, or locality where the matter under litigation took place. Usually used in contract law, to determine which laws govern the contract. / ˈ l ɛ k s ˈ l oʊ s aɪ / lex ...
Wharton's Law Lexicon defines an articled clerk as "a pupil of a solicitor, who undertakes, by articles of clerkship, continuing covenants, mutually binding, to instruct him in the principles and practice of the profession". [1] The contract is with a specific partner in the firm and not with the firm as a whole.
Undertaking may refer to: Task (project management), in general; The services provided by an undertaker, mortician, or a funeral director; Company, in business, in particular in European Union law, the term is used interchangeably, i.e. a business entity; Undertaking (driving), overtaking another vehicle using a lane nearer the curb-side
This gives employees increased certainty. A side-effect of the new regulations could prove unfortunate for some employers. This has been particularly highlighted in connection with law firms. According to the Law Society's magazine, The Law Society Gazette, law firms might be forced to employ teams of lawyers when taking over contracts. [9]
a parent undertaking and another undertaking (the subsidiary undertaking) are managed on a unified basis by the parent undertaking. Under the international accounting standards adopted by the EU [18] a company is deemed to control another company only if it has all the following: power over the other company;
Pro bono publico (English: 'for the public good'), usually shortened to pro bono, is a Latin phrase for professional work undertaken voluntarily and without payment. The term traditionally referred to provision of legal services by legal professionals for people who are unable to afford them.
Some typical stages in the audit process. An audit is an "independent examination of financial information of any entity, whether profit oriented or not, irrespective of its size or legal form when such an examination is conducted with a view to express an opinion thereon."
A letter of credit (LC), also known as a documentary credit or bankers commercial credit, or letter of undertaking (LoU), is a payment mechanism used in international trade to provide an economic guarantee from a creditworthy bank to an exporter of goods.