Insights: December 2010

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Quarter Day - December 2010


Legal updates for those involved in the real estate sector.

Fladgate acts for Shari'ah fund on acquisition of special educational establishment

Richard Kaufman, Ella Leonard |

Fladgate LLP has advised Tadhamon Capital, administrators of a Bahraini Shari’ah compliant investment fund, on its acquisition of a special educational establishment in the UK. The transaction involved the setting up of a structure that complied with the respective requirements of a Shari’ah fund and a non-Shari’ah lender as well as the complex negotiations in […]

Fladgate recovers secret profit in art dealing case


Fladgate LLP has worked with Wolfgang Berger Rechtsanwaelte Austria on behalf of Accidia Foundation, based in Liechtenstein, in a dispute concerning the sale of a Leonardo da Vinci drawing known as Madonna and Child with St Anne and a lamb in August 2007. Proceedings were brought against the well known art dealers Simon C Dickinson […]

Bribery Act 2010

David Robinson |

The Bribery Act 2010 (Act) comes into force on 1 July 2011. In this article, we consider the new legislation and the steps businesses should take to minimise their, and their management and employees’, risk of exposure. The Act will codify the existing offences of bribery and it also introduces a corporate offence of failure […]

An end to the AGA saga?

Roy Perrott |

Ever since the Landlord and Tenant (Covenants) Act 1995 came into force, there has been a debate about whether the Act allowed a landlord to insist on the outgoing tenant’s guarantor guaranteeing the tenant’s AGA. This debate has now been resolved (in a case called Good Harvest v Centaur Services Limited), but not in a […]

Fladgate advises fund on £32.5m sale of IHG Headquarters in Buckinghamshire


Fladgate LLP has advised longstanding client Tritax, in their capacity as asset managers for a property owning syndicate, in respect of the sale of the IHG Headquarters Building in Denham, Buckinghamshire. Fladgate assisted Tritax with the setting up of the syndicate 18 months ago and acquisition of the IHG building. The building was subsequently sold […]