PART 5APPLICATION OF ACT AND TCMA TO CERTAIN PERSONS AND BODIES

I140Joint buyers: appeals and reviews

1

The agreement of all the buyers is required if a settlement agreement relating to the transaction is to be entered into under section 184 of TCMA.

2

A notice of request under section 173 of TCMA may be given by any of the buyers.

3

Where WRA undertakes a review of an appealable decision relating to the transaction following such a request made by some (but not all) of the buyers—

a

notice of the review must be issued by WRA to each of the other buyers whose identity is known to WRA;

b

any of the other buyers may be a party to the review if they notify WRA in writing;

c

notice of WRA's conclusions under section 176(5), (6) or (7) of TCMA must be issued to each of the buyers whose identity is known to WRA;

d

section 177 of TCMA (effect of conclusions of review) applies in relation to all of the buyers.

4

In the case of an appeal under Part 8 of TCMA relating to the transaction—

a

the appeal may be brought by any of the buyers;

b

notice of the appeal must be issued by WRA to each of the buyers who are not bringing the appeal and whose identity is known to WRA;

c

any of the buyers are entitled to be parties to the appeal;

d

the tribunal's determination under section 181 of TCMA binds all the buyers.