Insights: December 2012

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Extensions of time after Mackay

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The Honeywood File(1) is a hilarious account of the catastrophes befalling the design, construction and agreement of the final account for a domestic residence. The book purports to be the architect’s file of correspondence with all parties. It was written in the 1920s and was ready for an updated version. This has now been provided […]


High value UK residential property: the UK Government confirms taxation changes

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The UK Government has confirmed that in April 2013 it intends to introduce: an Annual Residential Property tax (ARPT), which will apply to companies, partnerships with a corporate partner, and collective investment schemes (all of which we refer to as Non Natural Persons (NNPs) in this note), whether UK resident or not, owning UK residential […]


Quarter Day - December 2012

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Legal updates for those involved in the real estate industry.


Fladgate advises Gujarat NRE Coke Ltd on the raising of US $15m

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Fladgate advised Gujarat NRE Coke Ltd, the largest independent producer of met coke in India, on the raising of US$15m by way of foreign currency convertible bonds listed in Singapore. Corporate partner David Robinson advised on the deal, assisted by corporate solicitor Linda Whittle.


Fladgate advises X-Leisure on Luminar nightclubs

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Fladgate LLP has acted for X-Leisure, the UK’s largest leisure park owner, on the granting of new leases for three former Luminar nightclubs. Nightclub group Luminar went into administration in 2011. X-leisure successfully forfeited the leases from the administrators in order to pave the way to enter in to new leases with We Are Dance […]


BIM - Let's embrace progress

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To improve is to change; to be perfect is to change often, or so said the nation’s favourite Briton, Sir Winston Churchill. Advances in computer technology have dramatically changed the way we work and live. However, technologies in construction have fallen behind other industries. This may be because, unlike manufacturing, construction operations are rarely performed […]


Fladgate advises Oakwood Properties on acquisition

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Fladgate LLP advised Oakwood Properties on the purchase of premises at Manor Royal, a light industrial and office park near Crawley, Sussex. The premises are let to the global technology company Invensys and house a state-of-the-art chip production facility. Fladgate real estate partners Richard Kaufman and Daniel Rubie advised Oakwood.


Fladgate advises Toumaz Ltd on £32m acquisition of Frontier Silicon

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Fladgate LLP acted for AIM listed client Toumaz Ltd on the £32m acquisition of Frontier Silicon (Holdings) Limited, a leading supplier of semiconductor, module and software solutions for digital radio and connected audio systems. Fladgate also advised Toumaz on the conditional placing of 285.6m new Ordinary Shares at a placing price of 10.25 pence, raising […]


The territorial scope of English law employment rights: just how widely can the net be cast?

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We consider how the broad approach currently adopted by employment tribunals means employees abroad can argue their way into the UK’s jurisdiction. The government has recently committed £13m of funding to UK Trade & Investment to support British companies in their global trading efforts. While a vibrant international trade brings with it exciting business opportunities, […]


Fladgate advises Downing LLP on Ageas Bowl loan

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Fladgate LLP advised Downing LLP on the terms of a £3m loan to Southampton Hotel Developments Limited, a special purpose vehicle set up to build a new hotel and spa at Ageas Bowl, part of £40m redevelopment of Hampshire’s international cricket ground. The development will include a 4-star Hilton Hotel which will contain a state-of-the-art […]


Relief for landlords as court upholds rates avoidance scheme

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In a recent case the High Court held that where a company used a tiny percentage of a property for storage, this amounted to rateable occupation, triggering a new period of empty rates relief. The decision confirms that landlords may enter into lettings of six weeks or more to trigger a fresh period of empty […]


Eight Fladgate partners to feature in Chambers Global 2013 as "Leaders in their Field"

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Fladgate is delighted that the following partners will feature as “Leaders in their Field” in the 2013 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. Grant Gordon Corporate/M&A (South Africa) Corporate/M&A (United Kingdom) […]