Insights: January 2013

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Swindon Town FC saved from administration

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Fladgate LLP’s sports team has acted for Swindon Football Holdings Ltd and Andrew Black on the sale of Swindon Town FC to a local consortium headed by Banbury United owner, Jed McCrory. The deal, which is subject to Football League approval, will see Swindon Town rescued from the prospect of administration. Under the terms of […]


Shares for rights and the employee shareholder

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In October 2012 George Osborne announced plans to introduce a new type of employment status: the “employee shareholder”. The proposal is set to be introduced in April 2013 and will enable companies to offer, and in some cases require, employees to enter into a specific contract of employment in which they waive a number of […]


Pay up! - New rules on commercial contract payment terms

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By 16 March of this year, the UK must implement an EU Directive (1) which sets out tighter rules about what payment terms can be agreed between parties to a commercial (or B2B) contract, such as supply of goods or provision of services. This is aimed at tackling the problem for SMEs caused by public […]


Private capital newsletter - January 2013

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


Change of use and Community Infrastructure Levy

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It has been just over a year since the first council started charging Community Infrastructure Levy (CIL), the charge levied by councils on development to raise funds for infrastructure by imposing a charge per square metre of development. After a slow start, there are still only half a dozen councils charging CIL. This includes Mayoral […]


Fladgate advises Premier African Minerals on AIM admission

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Fladgate LLP has advised Premier African Minerals Limited (Premier) on its admission to AIM. Premier was established to acquire and develop mineral properties throughout Africa, especially in West and Southern Africa. The Company works across a wide range of commodities including tungsten, phosphates, lithium and tantalum, rare earth elements and clays. Premier raised £1.5 million […]


Fladgate advises 4C Hotel Group on restructuring of Holiday Inn Express

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Fladgate LLP has advised 4C Hotel Group’s Camden Lock and Earls Court LLP on the restructuring of the ownership and debt of the Holiday Inn Express, Earls Court. The property was transferred to a new BVI company which is 60% owned in favour of Redefine International (who will continue to manage the hotel) and 40% […]


Not such a sweet outcome for popcorn plant

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In August 2012, the Court of Appeal heard a case between the sweet manufacturer Trebor Basset (part of the Cadbury group) and ADT Fire and Security. Trebor had a popcorn plant where corn was popped in pans of oil before being transported to a hopper for packaging. Trebor instructed ADT to design and install a […]


Fladgate advises BATM Advanced Communications Limited on dual listing

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Fladgate LLP has advised BATM Advanced Communications Limited (BATM) on its dual listing on the Tel Aviv Stock Exchange. BATM is a leading provider of real-time technologies for the networked telecoms and medical laboratory equipment markets. BATM’s ordinary shares will continue to trade on the Main List of the London Stock Exchange where BATM has […]


Nowhere to hide

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Case law shows that anonymous internet users have no hiding place, says Sophia Purkis. The growth of business conducted electronically has provided those with an eye to innovative commercial development with enormous opportunities. It has also created new challenges for those involved in the prosecution of civil wrongs. The courts have recently re-affirmed that they […]


Fladgate advises AIM listed Serviced Office Group plc on placing and debt financing

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Fladgate LLP advised AIM listed Serviced Office Group plc (the Group), providers of flexible office space and IT solutions, on a placing and debt refinancing. The placing, by Shore Capital, raised £9m through the issue of 450 million new ordinary shares at 2.0p. Outstanding borrowings of £23.7m with RBS are to be satisfied through a […]