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Cooking up a Storm:  Chaos across the globe!

By Christopher Atkinson

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…

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The value of partnering with the right legal team

By Alicia Pattihis

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.…

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Budget 2018: Entrepreneurs’ Relief

By Georgina Kyriacou

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,…

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Budget 2018: Stamp Duty Land Tax and Housing

By Alicia Pattihis

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…

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Regulations in force to deal with client money protection scheme for property agents

By Gary Scott

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…

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Bank of England needs freedom to set tougher rules, says Mark Carney

By Arthur Fernandes

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…

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Small and medium-sized enterprises: European Parliament adopts Resolution on the definition of SMEs

By Max Lesser

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…

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Equitable compensation not confined to recovery for reparation of loss (Court of Appeal)

By Geoff Mendelsohn

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…

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European Union (Withdrawal) Act 2018 receives Royal Assent

By Harry Pattihis

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…

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Bankruptcy order annulled following appeal against dismissal of application and refusal to adjourn hearing on uncontested medical grounds.

By Georgina Kyriacou

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…

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Commercial tenant’s declaratory relief claim against landlord non-justiciable (TCC)

By Gary Scott

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)…

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Court rules that secure lender unreasonably withholds consent to disposal of property

By Alun Williams

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…

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High court allows main contractor to claim for his loss, holding sub-contractor responsible for flooding

By Gary Scott

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…

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Court of appeal identifies that buildings are “indefinitely variable in character and function”

By Gary Scott

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…

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Collapse of foundation for large pressure test facility kills four workers

By Gary Scott

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…

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UK to become powerful, independent player in international trade

By Harry Pattihis

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.…

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Italy to the EU court of justice because of breach of EU motorway law

By Harry Pattihis

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…

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No guidelines detailing that income needs are determined by making a term order

By Barbara Mathias

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…

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European Court of Human Rights emphasises necessity for court to adequately comply with obligations under Article 8

By Georgina Kyriacou

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…

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Rise in interest rates sees more UK businesses unable to repay debts

By Alun Williams

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…

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Increase in pessimism towards personal finance since brexit

By Arthur Fernandes

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…

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Stamp duty land tax (SDLT) in Wales to be replaced by a Welsh land transaction tax (LTT)

By Alun Williams

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…

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New mandatory conflicts of interest requirements for UK commercial property investments will take effect from 2018

By Gary Scott

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…

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UK to become the most transparent place to do business in the world

By Max Lesser

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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