Insights: March 2012

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Fladgate advises the shareholders of Cryptocard on sale to SafeNet

David Robinson |

Fladgate LLP has advised the shareholders of Cryptocard on the sale of the company to US based SafeNet. SafeNet is one of the largest information security companies in the world. Cryptocard, established in 1989 and headquartered in Canada and the UK, helps organisations mitigate the risk of identity theft by using strong authentication to secure […]

Going slow


Does a contractor have a right to withhold payment if a subcontractor is proceeding slowly? What if the contractor has an express right to terminate the subcontract for subcontractor delay? Could this be sufficient to withhold payment? This situation was considered in the recent decision of Leander Construction Ltd v Mulalley. Leander was employed by […]

Quarter Day - March 2012


Legal updates for those involved in the real estate industry.

Fladgate advises Associated British Engineering plc on underwritten open offer, reorganisation and capital reduction

David Robinson |

Fladgate LLP has advised Associated British Engineering plc, an industrial engineering company listed on the Main Market of the London Stock Exchange (LSE), on an underwritten open offer, reorganisation and capital reduction. Beaumont Cornish Limited acted as the company’s sponsor. The proceeds of the open offer were applied to the cancellation of 8% Preference Shares. […]

Investing in distressed businesses - opportunities in the new environment

Jeremy Whiteson |

Despite suffering the worst recession since the Second World War, rates of corporate insolvency in England and Wales are low by historical standards. Looking back over the last 25 years, the rate of liquidations as a percentage of active registered companies peaked at 2.6% in 1992, and stood at an average rate of 1.2% over […]

Trusts & private capital newsletter - March 2012


Updates for professionals in the on and off-shore trust industry.  

Eight Fladgate partners achieve success in Chambers Global 2012

Andrew Kaufman, Alex Kaufmann, Avram Kelman, Alexander Wildschütz, Grant Gordon, Sunil Sheth |

Fladgate is delighted that the following partners are featured as “Leaders in their Field” in the 2012 edition of Chambers Global – The World’s Leading Lawyers for Business. Individuals are ranked after extensive research by the Chambers team with opinions sought from clients, peers, referees and competitors. Germany Corporate/M&A (Experts Based Abroad) Alex Kaufmann Andrew […]

Valuation: negligent or not unreasonable?


An interesting valuation case has just been concluded: Coleridge v Sotheby’s [2012] EWHC 370 (Ch). It concerns the Coleridge Collar. That is a gold chain of office that was worn by the judge Lord Coleridge while he was Chief Justice of Common Pleas until 1880, when the post was abolished. Historically, the chain had been […]

Mayor's Crossrail Levy to apply to planning permissions granted in London from 1 April

Mark Harnett |

In 2008, the Government introduced new legislation which gave local authorities the power to charge a new levy on developments in their area. The money that is raised by the levy can be used to fund local infrastructure. Most local authorities are preparing to introduce a levy and a few local authorities already have a […]

Fladgate advises on sale of majority stake in Silver River Productions to Sony Pictures Television

David Robinson |

Fladgate LLP has advised the major shareholders of Silver River Productions (Silver River) on the sale of a majority stake in Silver River to Sony Pictures Television (SPT). Silver River is a UK production company that develops content across a wide range of genres including factual, features, art, entertainment comedy and drama. SPT’s distribution arm […]

Construction newsletter - March 2012


Legal updates for those involved in the construction industry.

Fladgate advises AIM listed Toumaz on £11.2m placing

David Robinson |

Fladgate LLP has acted for AIM listed client Toumaz Ltd (Toumaz) on the raising of £11.2m through a placing of 128,000,001 new ordinary shares. Toumaz is a longstanding client of the firm and is a pioneer in low cost, ultra low power wireless communications and broadcast technology. The proceeds will be used to invest further […]