Insights: October 2010

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Construction newsletter - October 2010


Legal updates for those involved in the construction sector.  

Fladgate advises Libertas Partners LLP on finance raising

Avram Kelman |

Fladgate LLP has advised Libertas Partners LLP on its finance raising by way of an offer of up to £750,000 Class A 6 % Partnership Shares. Libertas was formed in 2009 by a management team from Libertas Capital Group, backed by Charles Street Securities Europe LLP (CSS), and is jointly owned by the management team, […]

Enforcing liquidated damages: a shade of grey


Claims for liquidated damages start a lot of arguments, but the principles behind enforceability are considered to be black and white: if the sum claimed is a genuine pre-estimate of loss (or less than the actual loss), then it will be upheld; otherwise it is considered to be a penalty and will be struck down. […]

Fladgate acts for Canisp on acquisition of Tri-Star

David Robinson |

Fladgate LLP has acted for AIM listed client Canisp Plc, a cash shell company, on the acquisition of Tri-Star, a Turkish incorporated company that holds a licence and permit for mining exploration of the relatively rare mineral, antimony, in the Gediz district of Turkey. The transaction was a reverse takeover for Canisp plc and completion […]

Increase in SDLT


Stamp duty land tax (SDLT) is currently four per cent. It is due to be increased to five per cent. in respect of residential property transactions taking place after 6 April 2011. Without any tax planning, this would represent a substantial cost and, since SDLT was introduced, a lot of thought has been given to […]