Fladgate LLP has advised new company Mulbourn Limited (Mulbourn) on the management buy out of 18 Folio Hotels. The deal, which will buy the company out of administration, is expected to save 1,200 jobs around the country. Mulbourn will continue to trade under the Folio Hotels banner with funding provided by the hotel’s landlords, the […]
Fladgate LLP has acted for AIM listed Victoria Oil & Gas Plc (VOG) on its takeover of Bramlin Limited (Bramlin), a Guernsey listed company with a gas exploration project in Cameroon. The takeover was by way of a scheme of arrangement under section 105 of the Companies (Guernsey) Law, 2008. This is the first scheme […]
When a project gets into difficulties, both parties usually look at the terms of the contract to see what clauses might help them, and whether there is anything to cover the particular problem they have encountered. One of the more obscure terms they might find is a reference to “force majeure”. As the words suggest, […]
Fladgate LLP acted for a subsidiary of UK based property development firm, Zog Brownfield Ventures Limited, on its purchase of a three acre site in Royal Mint Street, London E1. The site, over looking The Tower of London and the ‘Gherkin’, currently comprises a surface car park and three railway lines. Extant planning consent exists […]
The Planning Act 2008 (Act) was given Royal Assent on 27 November 2008. The Act represents the latest in the government’s attempts to improve the efficiency and speed of the planning system. The Act proposes a new consent regime for major schemes like power stations, airports and reservoirs. It will create a new integrated planning […]
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