Insights: November 2011

Fladgate LLP has advised Bluewater Bio, the provider of innovative wastewater treatment technologies, on a US$8m investment by private equity firm Liberation Capital. The investment is being made through a revolving convertible debt facility with project co-investment rights. The investment proceeds will be used both for Bluewater Bio’s current and forecast working capital needs and […]

A former magistrates’ court clerk has become the first person to be sentenced under the Bribery Act 2010 and the Courts have sent a clear message. On 18 November 2011, Munir Patel, who admitted that he was paid £500 not to record a driving offence, was given a three year sentence under the Bribery Act […]

The Localism Bill received Royal Assent on 16 November 2011. The Act, which many commentators are claiming is the most important piece of planning legislation in a generation, includes measures for major reform of the planning system in England. The Act starts the process of decentralisation, which, it is intended, will shift power away from […]

Fladgate LLP has advised CT Networks Limited (Cayetano), a games development company headquartered in the Isle of Man, on its acquisition by Paddy Power plc (Paddy Power). Cayetano has developed a range of games for the online and mobile gaming markets using its team of software developers and graphic designers located in Sofia, Bulgaria. Fladgate […]

Fladgate LLP has advised Snow Hill Developments LLP on the development of Kennedy Tower in Snow Hill, Birmingham (also known as 1 Snow Hill Plaza). The Tower will be developed into a Holiday Inn Express which will be managed by Fladgate client Sanguine Hospitality Limited under a franchise agreement from IHG. This is the latest […]

Fladgate LLP has advised AIM listed client D1 Oils Plc (D1 Oils), the world’s leading producer of crude Jatropha oil, on the raising of £1.29m via a placing of new ordinary shares. The proceeds of the placing will provide the group with additional working capital to enable it to prepare for, and finance, its targeted […]

From 1 October 2011, water and sewerage companies in England and Wales took over responsibility for “private sewers” and “lateral drains”. In order to appreciate the effect this is going to have on property owners, we first need to understand what sewers and lateral drains are. A sewer is a pipe that carries waste water […]

An update for those involved in the hotel sector.  

Fladgate LLP has advised Green Pilgrim Limited (Green Pilgrim), part of James Brent’s Akkeron Group, on its acquisition of the Plymouth Argyle Football Club from the Administrators. The Administrators have completed a transaction that will see Green Pilgrim take over the football club. Under the terms of the deal, Plymouth City Council will buy Home […]

In December last year, we reported on a court case (Good Harvest v Centaur Services Limited) that threw into doubt the value of an AGA given by the outgoing tenant’s guarantor. However, a recent decision (Victoria Street v House of Fraser) has turned the tide back in favour of landlords. First, let’s take a step […]