Insights: March 2011

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Fladgate advises Toumaz on two placings on AIM

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Fladgate LLP has acted for Toumaz Ltd, a pioneer in low cost, ultra low power wireless communications and broadcast technology, on the investment into the company by California Capital Equity LLC (CCE), a company owned by Dr. Patrick Soon-Shiong. Toumaz issued 14,563,142 shares to CCE at 8.83p per share, representing a stake of 2.46% in […]


Tax opportunities in refurbishing vacant property

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There is little doubt that, despite some promising omens during 2010, times remain tough in the construction industry. Sources of funding are still difficult to come by and, for those with cash available, there do not seem to be too many attractive investment opportunities. There are, however, some interesting possibilities around. A number of funds […]


Arbitrator's jurisdiction reviewed on enforcement

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The Supreme Court has held that the doctrine of Kompetenz-Kompetenz will not be final and will be subject to review by the courts on an application for recognition and enforcement under the New York Convention. In Dallah Real Estate and Tourism Holding Co v Government of Pakistan [2010] UKSC 46 the Supreme Court dismissed an […]


Hotel Update - Spring 2011

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An update for those involved in the hotel sector.  


Construction newsletter - March 2011

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Legal updates for those involved in the construction sector.  


European Commission challenge to the UK transfer of assets abroad and the attribution of gains rules

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On 16 February 2011, the European Commission formally requested the UK to amend two anti-avoidance tax regimes, namely: the transfer of assets abroad rules (contained at ss.714 -751 ITA 2007); and the attribution of gains to members of non UK resident companies rules (contained at section 13 TCGA 1992). The Commission considers that these rules […]