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Regulations 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.…
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