Insights: April 2012

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Fladgate advises on £32.5m acquisition of The Minories Estate

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Fladgate LLP has acted for 4C Hotels Limited on the £32.5m purchase of The Minories Estate in Aldgate, London. 4C Hotels acquires, develops and manages a portfolio of branded luxury and budget hotels in central London. 4C Hotels will develop this major mixed use development and regeneration site (subject to planning and further site assembly) […]


Another blow for UK film makers

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Earlier this week, the tax tribunal struck down a claim by the members of the film investment partnership, Eclipse 365, to some £117 million worth of tax relief from their investment in the Disney films, Enchanted and Underdog. Some 300 wealthy individual members, including the manager of Manchester United, Sir Alex Ferguson, and several well […]


April 2012 Employment Tribunal Reforms

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In November 2011, the Government confirmed its intention to carry out a wide ranging review of employment practices in England and Wales, in an effort to reduce employment costs for businesses and taxpayers. Legislation has already been published that will increase the qualifying service required to bring an unfair dismissal claim from one year to […]


Are they good for it?

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Guarantees are a common feature of property transactions. Difficult economic times make it more likely that a guarantee will be sought and that it will be called upon. The guarantor will frequently be the parent company or a stronger subsidiary within the group. For small companies, however, often the only guarantor on offer is one […]


Fladgate advises Splendid Hotels on £50m development site sale

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Fladgate LLP has advised Splendid Hotel Group (Splendid Hotels) on the sale of a £50 million hotel development site in London. The site, to be known as Hilton Bankside, Southwark, has been purchased by Synergy Hotels LLP. Real estate partner and hotel sector specialist James Fry advised Splendid Hotels. The transaction was conditional on the […]


Justifying discrimination: "cost plus"?

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The question of whether financial cost alone is sufficient to justify age discrimination and, by implication, other forms of discrimination, was addressed recently by the Court of Appeal (CA) in the case of Woodcock v Cumbria PCT. Facts Mr Woodcock was employed as a Chief Executive by Cumbria PCT. His contract contained a one year […]


Fladgate advises Bluewater Bio on £22.5m financing

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Fladgate LLP has advised Bluewater Bio International (Bluewater Bio), a provider of innovative high-performance and highly cost-effective water and wastewater treatment technologies, on a £22.5 million equity financing round. The transaction was led by specialist cleantech investors Ombu Group and Hermes GPE Environmental Innovation Fund LP. The board of Bluewater Bio believes that this transaction […]


Property management in the recession - a landlord's perspective

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Following our recent seminar on property management in the recession, this article outlines some of the key points as a reminder to landlords that proactive management can be very beneficial. The seminar highlighted many issues that Alison Mould and Jonathan Hibberts, partners in the firm’s property litigation department, have experienced on a day to day […]


Fladgate advises Swiss construction company Hitachi Zosen Inova AG on £300m energy project

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Fladgate LLP has acted for Zurich based client Hitachi Zosen Inova AG (Hitachi Zosen) on a contract with Ferrybridge MFE Ltd to develop a £300m multifuel generation facility at the Ferrybridge power station in West Yorkshire. Ferrybridge MFE Ltd is a 50:50 joint venture between power company SSE and Wheelabrator Technologies. Hitachi Zosen was awarded […]


HMRC investigations into e-traders and electricians

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On 8 February 2012 HM Revenue & Customs (HMRC) announced their intention to target electricians and e-marketplace traders. In recent years HMRC have launched a number of "campaigns" against certain trades and professions to clamp down on what they perceive as a high level of tax evasion within those industries. To date these have included […]