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The Practice Statement [1966] 3 All ER 77[1] was a statement made in the House of Lords by Lord Gardiner LC on July 26, 1966 on behalf of himself and the Lords of Appeal in ordinary, that they would depart from precedent in the Lords in order to achieve justice.


Until the year 1966, the House of Lords in the United Kingdom was bound to follow all of its previous decisions under the principle of stare decisis, even if this created "injustice" and "unduly restrict(s) the proper development of the law" (London Tramways Co. v London County Council [1898] AC 375). The Practice Statement 1966 is authority for the House of Lords to depart from their previous decisions. It does not affect the precedential value of cases in lower courts; all other courts that recognise the Supreme Court(formerly the House of Lords) as the court of last resort are still bound by Supreme Court decisions. Before this, the only way a binding precedent could be avoided was to create new legislation on the matter.


This is the text of the Practice Statement:

Lord Gardiner's statement in the House of Lords, July 26, 1966.

See also[edit]


  1. ^ See also [1966] 1 WLR 1234; [1966] 2 Lloyd's Rep. 151; (1986) 83 Cr. App. R. 191 (Note); (1966) 110 S.J. 584

Original courtesy of Wikipedia: http://en.wikipedia.org/wiki/Practice_Statement — Please support Wikipedia.
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188 news items

Lexology (registration)
Wed, 28 Oct 2015 23:11:15 -0700

offer-related arrangements, which are prohibited by Rule 21.2 of the Takeover Code but with exceptions (Practice Statement No. 29); and; an offeree providing commercially sensitive information to an offeror or offerors, to assess whether the consent of ...


Tue, 24 Nov 2015 18:12:17 -0800

Inland Revenue's practice on the use of deduction notices is set out in Standard Practice Statement SPS 11/04. Although a bank can be required to pay over the entire credit balance of an account, deductions can't be made from an overdrawn account or ...
Lexology (registration)
Thu, 29 Oct 2015 00:09:05 -0700

The Takeover Panel has published new guidance explaining its approach to offer-related arrangements (Practice Statement 29), and when a target may provide commercially sensitive information to a bidder's advisers on an 'outside counsel only' basis to ...

Wall Street Journal

Journal of Accountancy
Wed, 28 Oct 2015 11:42:52 -0700

Hoogervorst said the practice statement draft issued by the IASB should help guide management's judgment and encourage preparers to remove repetitive and uninformative wording. The IASB's draft guidance was developed in response to concerns that ...
Lexology (registration)
Mon, 09 Nov 2015 03:03:45 -0800

When the consultation was published, the Panel also published a draft Practice Statement to sit alongside the revised rules. However, following the revisions made to the proposals, the Panel has decided that the proposed Practice Statement is not ...
Lexology (registration)
Fri, 13 Nov 2015 08:07:29 -0800

The Financial Conduct Authority (FCA) has published its proposals for the necessary changes to the FCA Handbook required to implement the EU Market Abuse Regulation (MAR) which will have direct effect from 3 July 2016. In overview, it is proposed that ...
Fri, 30 Oct 2015 01:26:15 -0700

The draft practice statement follows the 2014 amendment to IAS 1, Presentation of Financial Statements, which made it clear that companies do not need to apply the specific disclosure requirements in standards if the related information is not material.
Mondaq News Alerts (registration)
Mon, 02 Nov 2015 09:12:50 -0800

... which in themselves would not lead to the conclusion that such shareholders are acting in concert, it will remain important to liaise with the Takeover Panel Executive on a case by case basis particularly in light of the Panel's Practice Statement ...

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