Posts

Corporate Insolvency and Governance Bill introduced to help businesses during pandemic

By Georgina Kyriacou

• The Department for Business, Energy and Industrial Strategy (BEIS) announced the introduction of the new Corporate Insolvency and Governance Bill on Wednesday 20 May. Under the Bill: • Temporary…

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UK furlough scheme extended by four months

By Georgina Kyriacou

Chancellor Rishi Sunak announced that the UK Job Retention Scheme will be extended to October, an extra four months. Employers will therefore continue to receive 80% of their monthly wages,…

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Self-Employment Income Support Scheme details released

By Georgina Kyriacou

· HMRC have now updated their guidance on the SEISS scheme. · Under the scheme, if you are eligible, a taxable grant of 80% of your average monthly trading profits…

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Help To Buy Scheme Extension

By Alicia Pattihis

The Government has recently confirmed it will extend its Help to Buy equity loan scheme from 2021 to 2023. The extension however will be limited to first-time buyers buying new-build properties. We act for a number…

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Housing Secretary announces government plan to re-start housing market

By Alicia Pattihis

·  The Housing Secretary Robert Jenrick has announced that from 13th May anyone in England can move home, providing they follow new guidance. · More than 450,000 people have had…

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COVID-19 – IMPACT FOR COMMERCIAL PROPERTY

By Katie Froude

Alok Sharma has announced that the government is setting out measures in order to protect High Street shops and companies who are suffering, due to coronavirus, and are under strain…

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RESIDENTIAL POSSESSION PROCEEDINGS AND THE IMPLICATIONS OF THE CORONAVIRUS 2020

By Daniel Glinert

The Coronavirus Act 2020 came into force on 25th March 2020. It was implemented by a Practice Direction and included provisions intended to protect both landlords and tenants during the…

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COVID-19 – IMPACT FOR COMMERCIAL PROPERTY

By Daniel Glinert

Lease Forfeiture Moratorium • With business tenancies a landlord cannot forfeit a lease, by proceedings or otherwise, for non-payment of rent between 25th March 2020 and 30th June 2020. The…

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Government announces Bounce-back Loans Scheme

By Georgina Kyriacou

• On 27th April, Chancellor Rishi Sunak announced the new Bounce Back Loans scheme that will provide loans of up to £50,000 to small businesses. • The fast-track finance scheme…

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Change in deadlines for filing and paying CGT on the disposal of UK property

By Alicia Pattihis

· From 6 April 2020, HMRC changed the deadlines for filing and paying Capital Gains Tax (CGT) for a disposal of an interest in a UK property. · The changes…

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Corporation Tax now applies to non-resident companies owning UK real estate

By Harry Pattihis

• From 6th April 2020, non-resident companies that own UK real estate will no longer pay income tax on their UK rental income but will instead be subject to Corporation…

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Due to Covid-19, can parties mediate by telephone?

By Geoff Mendelsohn

· During the Covid-19 pandemic, it should be considered how businesses can collect aged debts or de-risk by settling disputes. · Mediation could be used to address your urgent needs,…

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The effect of Covid-19 legislation on permitted development

By Gemma Sullivan

· All businesses, except a small number of essential services like supermarkets and pharmacies, have been forced to close by the government because of Covid-19. · The government has temporarily…

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COVID-19: Can my employer force me to take holiday if I can’t go anywhere?

By Zoe Michael

During these uncertain times, many employees/workers will want to cancel their annual leave as they are unable to go anywhere. This may contradict the commercial needs of an organisation who…

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Restructuring your company

By Arthur Fernandes

In this economically difficult climate, directors and shareholders may well need to undertake some kind of restructuring procedure in order to remain viable. Consider a restructuring under section 110 of…

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Implications of the COVID-19 pandemic in the UK Construction Industry 

By Omiros Christodoulides

The COVID-19 pandemic has had an unprecedented impact on the global economy and the construction industry is no exception. Governments around the globe have restricted movement and the UK Government has urged the…

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COVID-19 (Coronavirus)

By Philip Ross

We are living in unprecedented times with a crisis affecting us in a way we have never before known. Our firm’s absolute priority is of course the health and wellbeing…

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Energy efficiency is changing

By Dee Puckering

From 1st April 2018 any new tenancies created in England and Wales were obliged to meet the Government’s Minimum Energy Efficiency Standard (MEES). It meant that properties which required an…

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Business continuity plans to be implemented in the event of closures or disruptions as result of COVID-19 (Coronavirus)

By Philip Ross

We would like to reassure clients that we have business continuity plans in place which we will implement if the guidance from the Government enforces any shutdowns or business closures…

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Liquidated Damages following Termination – Triple Point Technology Inc v PTT Public Co LTD [2019]

By Omiros Christodoulides

The Facts Triple Point Technology Inc (TPT) contracted with PTT Public Co Ltd (PTT) to provide a software system. The project was to be completed in two phases and each…

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MIPIM 2020

By Alicia Pattihis

Alicia Pattihis, Gemma Sullivan and Sophie Maryan will be attending MIPIM, the leading real estate market conference. Please get in touch if you are interested in meeting.

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Cooking up a Storm:  Chaos across the globe!

By Philip Ross

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 Philip Ross

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 Philip Ross

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 Philip Ross

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 Philip Ross

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 Philip Ross

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 Philip Ross

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 Philip Ross

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 Philip Ross

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 Philip Ross

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 Philip Ross

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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