Insights: December 2011

Legal updates for those involved in the real estate sector.

Fladgate LLP has advised AIM listed Sirius Petroleum plc on a Financial and Technical Services Agreement with Owena Oil and Gas Limited and Guarantee Petroleum Company Limited in relation to a proposed investment in the Ororo marginal oil field which is located in Oil Mining Lease 95 in Nigeria. Commenting on the agreement, Ed Johnson, […]

Who pays the home owners when the wind blows the roof off and the developer goes into liquidation? The obvious answer is the insurers, assuming there is insurance cover, but when this rather dramatic event happened to some three-storey townhouses in Docklands, it raised important legal issues. Due to very strong winds, the roof of […]

Legal updates for those involved in the construction sector.  

Fladgate LLP acted for Seymour Pierce Limited as nominated advisor and broker to Fusion IP Plc (Fusion) on the placing of 17,885,000 ordinary shares at 28 pence each raising £5m. The shares were placed with a number of existing and new institutional investors. Fusion is a university IP commercialisation company that turns world class research […]

On 23 November 2011, Business Secretary Vince Cable gave a speech announcing an extensive programme of employment law reviews and reforms to be carried out by the coalition government as part of its cutting business red tape agenda. Below we consider the committed reforms further and look forward to those where consultation and discussion remain […]

Celebrity Chef Marco Pierre White has opened his Steakhouse Bar & Grill atop Birmingham’s iconic Cube development. Fladgate LLP’s hotel team advised on the acquisition of the hotel (including the Hotel Indigo franchise), restaurant and spa premises at The Cube and on the agreement with Marco Pierre White to open the eponymous venue. The 300-seater […]

Where, in the administration of a trust, the trustees desire to carry out a transaction that they consider to be “expedient”, but find that they do not have the necessary power, either under the terms of the trust instrument or the general law, they may apply to the court under section 57 Trustee Act 1925 […]

Fladgate LLP’s investment funds group has advised investment managers, Marchmont Investment Management Limited (Marchmont Investment), on the establishment of Jersey based Marchmont Atlas Portfolio Limited (Marchmont Atlas). Marchmont Atlas has invested in a mixed commercial, retail, office and light industrial property portfolio, worth in excess of £31m, and located throughout the United Kingdom. Borrowings were […]