Insights: February 2011

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Fladgate advises Akkeron Hotels Group on acquisition of 10 hotels

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Fladgate LLP has acted for Akkeron Hotels Group Limited (Akkeron) on the acquisition of ten hotels from the administrators of Butterfly Hotels Limited and Crowne Hotels Limited. This transaction will increase the number of Akkeron hotels to 36, employing 1,630 people and with a combined annual turnover of c£57m, cementing its position as one of […]

Recent developments in online advertising


This article summarises some of the more recent developments that will be of interest to those companies and individuals who participate in, or are considering participating in, any online advertising or promotional activity. The Advertising Standards Authority’s new digital remit On 1 March 2011 The Advertising Standards Authority (ASA) digital remit will be extended to […]

New legislation attacks the use of EBTs and EFRBs


On 9 December 2010 the government published draft legislation designed to prevent the use of trusts and other third party structures as a means of reducing tax on employment income. The government is particularly keen to prevent the use of employee benefit trusts (EBTs) and employer-financed retirement benefit schemes (EFRBs) for such purposes. Employers and […]

Israel joins club of safe destinations for personal data


On 1 February 2011 The European Commission formally accepted Israel as a country which provides an “adequate level of protection” for the purposes of determining whether it is safe to transfer personal data to it from Europe. Israel’s laws and practice are therefore recognised as meeting the EU’s standards for protection of the rights of […]

Carbon Reduction Commitment: a tax like any other?


The Carbon Reduction Commitment (CRC) scheme requires large energy users to offset their carbon emissions by buying carbon allowances from the government or on the open market. Businesses that used more than 6,000 MW of electricity in 2008 – which equates to about £500,000 at current prices – will be affected. The government has estimated […]