Business & Sustainable Development Commission and Novation: Difference between pages

Revision as of 17:01, 19 April 2015

Law.

A method of loan transfer, which transfers the rights and obligations of a lender by creating in law a new ('nova') contract between the parties, on the same terms as the original agreement except that the transferee has taken the place of the transferor.
More generally, the legal process of creating a new contract, with the commercial effect of transferring legal rights and obligations. Another example is the novation of trading contracts through a central counterparty.

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-(BSDC).
+''Law.''
-The Business and Sustainable Development Commission, is a non-profit organisation based in London. Formed in 2015, the Commission aims to make a case for the private sector to advance sustainable development.
+#A method of loan transfer, which transfers the rights and obligations of a lender by creating in law a new ('nova') contract between the parties, on the same terms as the original agreement except that the transferee has taken the place of the transferor.
+#More generally, the legal process of creating a new contract, with the commercial effect of transferring legal rights and obligations. Another example is the novation of trading contracts through a central counterparty.
-It works with companies to strengthen corporate alignment with the Sustainable Development Goals (SDGs) which were developed by the United Nations.
+== See also ==
+* [[Substitution]]
+* [[Assignment]]
+* [[Sub-participation]]
+* [[Clearing house]]
+* [[Central counterparty]]
-==See also==
+[[Category:Long_term_funding]]
-* [[Corporate social responsibility]]
+[[Category:Compliance_and_audit]]
-* [[Sustainability]]
+[[Category:Treasury_operations_infrastructure]]
-* [[United Nations]]