Put Option in UK Law

Leading Cases
  • Saad Investments Company Ltd (in Official Liquidation and Acting by Its Joint Official Liquidators) v Maan Abdulwahed Abdulmajeed Al-Sanea
    • Queen's Bench Division (Commercial Court)
    • 14 October 2011

    The value of SICL's equity portfolio was reported to have decreased as a result of the global deterioration of equity markets. To limit its exposure to equity market volatility a portion of its equity portfolio was hedged with equity put options. This meant that a minimum value would be maintained in the balance sheet for the equities hedged with put options so that in the event of declining share prices the balance sheet value would not decline.

  • Abbott v Philbin (Inspector of Taxes)
    • House of Lords
    • 21 June 1960

    I think that the conferring of a right of this kind as an incident of service is a profit or perquisite which is taxable as such in the year of receipt, so long as the right itself can fairly be given a monetary value, and it is no more relevant for this purpose whether the option is exercised or not in that year than it would be if the advantage received were in the form of some tangible form of commercial property.

  • Snook v London and West Riding Investments Ltd
    • Court of Appeal (Civil Division)
    • 17 January 1967

    I reprehard that, if it has any meaning in law, it means acts done or documents executed by the parties to the "sham" which are intended by them to give to third parties or to the Court the appearance of creating between the parties legal rights and obligation different from the actual legal rights and obligations(if any)which the parties intend to create.

  • Criterion Properties Plc v Stratford UK Properties LLC and Others
    • Chancery Division
    • 27 March 2002

    In my judgment, therefore, what Belmont and Akindele decide for present purposes is that actual knowledge of circumstances which make the payment a misapplication is sufficient to bind the conscience of the recipient. On my analysis of the essential nature of the second supplementary agreement that, however, is not this case.

  • Johnson v Gore Wood & Company (A Firm)
    • House of Lords
    • 14 December 2000

    That is to adopt too dogmatic an approach to what should in my opinion be a broad, merits-based judgment which takes account of the public and private interests involved and also takes account of all the facts of the case, focusing attention on the crucial question whether, in all the circumstances, a party is misusing or abusing the process of the court by seeking to raise before it the issue which could have been raised before.

    To bring his own claim in such circumstances would, in my opinion, amount to an abuse of the process of the Court.

  • F & C Alternative Investments (Holdings) Ltd v Barthelemy and another (No 3)
    • Chancery Division
    • 28 October 2011

    In this regard I particularly emphasise the importance for my reasoning of factor (d) (award of costs on an indemnity basis). In my view, where a party has acted in the course of litigation in a way that attracts an order of costs against them to be assessed on an indemnity basis, that is a good indicator that that party is to be taken to have assumed to a particularly extensive degree the risk of continuing with the litigation in question.

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Legislation
  • The Public Contracts Regulations 2015
    • UK Non-devolved
    • January 01, 2015
    ... ... option" to buy, of products, whether or not the contract also includes, as an incidental matter, siting and installation operations;“public works contracts\xE2" ... ...
  • Corporation Tax Act 2009
    • UK Non-devolved
    • January 01, 2009
    ... ... which—(a) is hired under a hire-purchase agreement F538 ... under which there is no option to purchase,(b) is hired under a hire-purchase agreement under which there is an option to purchase exercisable on the payment of a sum equal to not ... ...
  • Housing and Planning Act 2016
    • UK Non-devolved
    • January 01, 2016
    ... ... the term has 6 to 9 months left to run.(5) On a review under this section the landlord must decide which of the following options to take.Option 1:offer to grant a new secure tenancy of the dwelling-house at the end of the current tenancy.Option 2:seek possession of the dwelling house at the ... ...
  • Local Government Act 1858
    • UK Non-devolved
    • January 01, 1858
    ... ... , the Local Board may, at the Option of the said Vestry, be the Commissioners ... for the Execution of the said Act, and shall thereupon have all the Powers, Duties, Rights, ... and ... ...
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Books & Journal Articles
  • Using put option contracts in supply chains to manage demand and supply uncertainty
    • No. 118-7, August 2018
    • Industrial Management & Data Systems
    • 1477-1497
    Purpose: The purpose of this paper is to value put option contracts in hedging the risks in a supply chain consisting of a component supplier with random yield and a manufacturer facing stochastic ...
  • Multi-period dual-sourcing replenishment problem with option contracts and a spot market
    • No. 118-4, May 2018
    • Industrial Management & Data Systems
    • 782-805
    Purpose: The spot market has been gradually recognized as an important alternative purchasing source. To maintain a flexible replenishment strategy, call, put and bidirectional option contracts, as...
  • Risk mitigation with buy‐back guarantees and guaranteed appreciation plans
    • No. 18-2, April 2000
    • Journal of Property Investment & Finance
    • 239-253
    Two marketing schemes that provide protection against downside price risk are examined. The buy‐back guarantee allows the property purchaser to sell the property back to the developer at the origin...
    ... ... In contrast, the guaranteed appreciation plan can be regarded asa free option because it provides a strike price that is above the purchase price. Hence, propertypurchasers react favorably to the guaranteed appreciation plan ... ...
  • The Arab Position in the Nuclear Field: A Study of Policies up to I967
    • No. 8-1, March 1973
    • Cooperation and Conflict
    • 0000
    This article discusses Arab reactions to the development of a nuclear option in Israel. Various Arab positions on this problem are identified and then posited within the framework of the different ...
    ... ... Study of Policies up to 1967.Cooperation and Conflict, VIII, 1973, 19-32.This article discusses Arab reactions to the development of a nuclear option in Israel.Various Arab positions on this problem are identified and then posited within theframework of the different Arab politico-strategic ... ...
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Law Firm Commentaries
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Forms
  • T611)
    • HM Courts & Tribunals Service court and tribunal forms
    Includes the refund form for claimants.
    ... ... can indicate at that time, or in writing within 7 days of the CMD, if they are ... interested in pursuing this option. An information sheet will be made available to ... assist parties in coming to a decision. Occasionally an Employment Judge may ... identify a ... ...
  • Form D8N
    • HM Courts & Tribunals Service court and tribunal forms
    Forms to apply for a divorce, dissolve a civil partnership or legally separate, including the D8 application and financial order forms.
    ... ... which gives rise to the court’s ‘residual jurisdiction’. It is possible for you to have a connection under ... more than one option ... Jurisdiction under the Council Regulation or Civil Partnership Regulations or Marriage (Same ... Sex Couples) Regulations ... The principal ... ...
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