Insights: October 2010

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Construction newsletter - October 2010

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Legal updates for those involved in the construction sector.  


Fladgate advises Libertas Partners LLP on finance raising

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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

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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

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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

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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 […]