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Cooking up a Storm: Chaos across the globe!
Thomas Cook (founded in 1841) and being one of the oldest and well-known holiday brands has “ceased trading with immediate effect.” This note will examine the legal effect on both…
Read MoreThe value of partnering with the right legal team
Borrowers underestimate how many people need to work together for a loan to go from application to draw down. The borrower frequently has just one point of contact; the broker.…
Read MoreBudget 2018: Entrepreneurs’ Relief
In the October 2018 Budget the Chancellor announced two new changes to the definition of a personal company for Entrepreneurs’ Relief (ER). For disposals on or after 29 October 2018,…
Read MoreBudget 2018: Stamp Duty Land Tax and Housing
In the October 2018 Budget, the Chancellor of the Exchequer announced that stamp duty relief will be extended for first-time buyers purchasing shared equity houses of up to £500,000. This…
Read MoreRegulations in force to deal with client money protection scheme for property agents
The Client Money Protection Schemes for Property Agents (Approval and Designation of Schemes) Regulations 2018 (SI 751/2018) (CMPSPA Regulations 2018) came into force on 21 June 2018. This sought to…
Read MoreBank of England needs freedom to set tougher rules, says Mark Carney
Mark Carney, the governor of the Bank of England, told MPs that as the Bank of England must regulate the “most complex financial system in the world”, the UK must…
Read MoreSmall and medium-sized enterprises: European Parliament adopts Resolution on the definition of SMEs
The European Parliament (EP) plenary session adopted an own-initiative Resolution on the definition of SME’s. The definition of SME’s is referred to in around 100 EU legal acts. The definition…
Read MoreEquitable compensation not confined to recovery for reparation of loss (Court of Appeal)
The Court of Appeal (David Richards and Newey LJJ) has held that the phrase ‘equitable compensation’ should include payments made to restore to the claimant the value of assets or…
Read MoreEuropean Union (Withdrawal) Act 2018 receives Royal Assent
The European Union (Withdrawal) Act 2018 (EUWA) received Royal Assent on 26 June 2018. The legislative framework for the UK’s scheduled withdrawal from the EU on 29 March 2019 will…
Read MoreBankruptcy order annulled following appeal against dismissal of application and refusal to adjourn hearing on uncontested medical grounds.
The bankrupt first applied to annul his bankruptcy order during protracted bankruptcy proceedings in the county court. He then requested an adjournment of the hearing of his application on medical…
Read MoreCommercial tenant’s declaratory relief claim against landlord non-justiciable (TCC)
In Office Depot International (UK) Ltd v UBC Asset Management (UK) Ltd and others [2018] EWHC 1494 (TCC), the Technology and Construction Court (TCC) struck out a commercial tenant’s (T’s)…
Read MoreCourt rules that secure lender unreasonably withholds consent to disposal of property
In Crowther and another v Arbuthnot Latham & Co Ltd [2018] EWHC 504, the High Court determined that a secured lender had unreasonably withheld its consent to a disposal of…
Read MoreHigh court allows main contractor to claim for his loss, holding sub-contractor responsible for flooding
GB Building Solution Ltd v SFS Fire Services Ltd on 25 May 2017 saw the High Court allow the main contractor to claim for his loss, holding the sub-contractor responsible…
Read MoreCourt of appeal identifies that buildings are “indefinitely variable in character and function”
Grosvenor (Mayfair) Estate v Merix International Ventures Ltd and another [2017] EWCA Civ 190, saw the Court of Appeal’s consideration over whether or not an unoccupied property that had been…
Read MoreCollapse of foundation for large pressure test facility kills four workers
The collapse of the steel structure of the foundation for a large Pressure test Facility at Claxton Engineering Services killed four workers. An investigation by the Health and Safety Executive…
Read MoreUK to become powerful, independent player in international trade
A report setting out the steps that would help the UK became a powerful, independent player in international trade was published by the Institute for Government on 17 May 2017.…
Read MoreItaly to the EU court of justice because of breach of EU motorway law
The EU Commission has decided to take Italy to the EU Court of Justice on the grounds of the breaching of EU law due to its awarding an extension of…
Read MoreNo guidelines detailing that income needs are determined by making a term order
On the 12 May 2017, Mostyn J dismissed a husband’s (H) appeal against a clean break order in the sum of £4.25 million after a short marriage lasting less than…
Read MoreEuropean Court of Human Rights emphasises necessity for court to adequately comply with obligations under Article 8
The European Court of Human Rights has concluded that a Hungarian father’s (F’s) rights under Article 8 of the European Convention of Human Rights were breached. After F made more…
Read MoreRise in interest rates sees more UK businesses unable to repay debts
According to new research by insolvency and restricting trade body R3, 79,000 UK businesses say that if interest rates increase by a small amount they will be unable to repay…
Read MoreIncrease in pessimism towards personal finance since brexit
A new survey of over 2,000 British adults by insolvency and restructuring trade body R3 and ComRes say almost 1 in 5 British adults think their personal financial situation will…
Read MoreStamp duty land tax (SDLT) in Wales to be replaced by a Welsh land transaction tax (LTT)
The Land Transaction Tax and Anti-avoidance of Devolved Taxes (Wales) Bill, which will replace stamp duty land tax (SDLT) in Wales with a Welsh land transaction tax (LTT), received Royal…
Read MoreNew mandatory conflicts of interest requirements for UK commercial property investments will take effect from 2018
New mandatory conflicts of interest requirements for UK commercial property investments will take effect from 1 January 2018 as introduced by the Royal Institute of Chartered Surveyors (RICS). The requirements…
Read MoreUK to become the most transparent place to do business in the world
Companies House published a business plan for 2017-18 and strategic plan for 2017-2020 which established its commitment to helping the Government make the UK the most transparent place to do…
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