Capital commitment definition

View the related practice notes about Capital commitment

Cost of accommodation

Cost of accommodation NOTE: On 2 December 2024, the Lord Chancellor announced that the discount rate would change to positive 0.5%. The positive 0.5% discount rate is effective from 11 January 2025. Schedule A1 to the Damages Act 1996, as inserted pursuant to Part 2, section 10 of the Civil Liability Act 2018, provides that subsequent reviews are to take place within five years of the conclusion of the previous review which means that the next review must commence on or before 2 December 2029. Which accommodation costs can be claimed? An accident may affect a disabled claimant’s accommodation needs in several ways: • adaptation of existing or future accommodation may be required • there may be additional running costs • in serious cases, the claimant’s injuries may justify rehousing in more suitable accommodation Where the claimant’s injuries do justify rehousing, the most contentious question becomes (particularly on or after 11 January 2025) how the extra capital cost of the accommodation is to be measured in the...

European Long-Term Investment Funds Regulation (the ELTIF Regulation)

European Long-Term Investment Funds Regulation (the ELTIF Regulation) This Practice Note analyses the European Long-Term Investment Fund (ELTIF) Regulation (EU) 2015/760, including legislative background, scope, authorisation, permitted investments, disclosures and marketing of ELTIFs. The ELTIF Regulation is a specialist alternative investment fund (AIF) regime available to EU alternative investment fund managers (AIFMs) authorised under the Alternative Investment Fund Managers Directive (2011/61/EU) (AIFMD). Legislative background to ELTIF ELTIF In June 2013, the Commission proposed the creation of a new investment fund vehicle, namely the ELTIF, designed to make longer term investment easier both for managers and investors. The ELTIF Regulation (Regulation (EU) 2015/760) was adopted by the Council of the European Union on 29 April 2015 and became applicable in Member States on 9 December 2015. On 23 March 2018, Commission Delegated Regulation (EU) 2018/480 (the ELTIF Delegated Regulation), supplementing the ELTIF Regulation with regard to regulatory technical standards (RTS) on financial derivative instruments solely serving hedging purposes, sufficient length of the life of the ELTIFs, assessment...