The risk of insolvency is a matter of increasing concern to those working in the construction industry. This article considers insolvency in construction contracts, by reference to the JCT Standard Building Contract 2005 (2007 Revision) Without Quantities, Without Contractor’s Design. How does the JCT contract define insolvency? A party is insolvent if: he enters into […]
As in previous years, April has seen a number of changes made to employment legislation, the most important of which are summarised below. The statutory annual leave entitlement has now been increased from 4.8 weeks to 5.6 weeks. This equates to an increase from 24 to 28 days for an individual working a full five […]
Fladgate has acted for Israeli based company Dmatek Ltd, a leading global provider of remote people monitoring technologies, on its takeover by way of merger agreement under Israeli Companies Law, by an investor group led by Francisco Partners, one of the world’s largest technology-focused private equity funds. The merger agreement was signed on 28 December […]
In the current climate, it is often fundamental to tenants’ businesses to shed some of the leasehold properties that they occupy. This is often possible if a particular lease contains a break clause. Breaks can be in favour of both the landlord or the tenant, or mutual. However, in the current climate, it is tenants […]
Fladgate LLP acted for AIM listed telecommunications company Canisp Plc on the disposal of the business and assets of its subsidiary The Airtime Group Limited to Opal Telecom Limited (part of the Carphone Warehouse group) for a consideration of £752,360. The transaction, which was subject to shareholder approval under the AIM Rules, completed on 31 […]
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