Insights: March 2013

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International Litigation in London newsletter - March 2013


To access a pdf copy of the March 2013 edition of our International Litigation in London newsletter, please click here.

Recent developments of interest to trust practitioners


The Supreme Court has been busy. Two final appeals in matters of interest to trust practitioners have been heard in the past few weeks. Judgment is awaited on the appeals in Petrodel Resources Limited & others v Prest & others (1) and the conjoined appeals in Pitt v Holt and Futter v Futter (2). The […]

Quarter Day - March 2013


Legal updates for all those involved in the real estate sector.

Employment update


Updates for HR professionals

The High Value Property owner's guide to the Annual Residential Property Tax


The new Annual Residential Property Tax (ARPT) is almost upon us – in fact, if you are reading this on or after 1 April 2013, the new order is here! What is ARPT? In summary, it’s a new UK annual tax, payable by ‘non-natural persons’ owning UK residential real estate worth more than £2,000,000 (High […]

Fladgate advises Akkeron Hotels on agreement with Choice Hotels


Fladgate LLP has advised Akkeron Hotels on an agreement with Choice Hotels which will see Choice operate nine of Akkeron’s hotels on a franchise basis. The properties will be split between the Quality and Clarion Collection brands. Akkeron hotels in Bristol, Bury St Edmunds, Colchester, Peterborough and Kings Lynn will be rebranded under the Quality […]

Across the board rankings for Fladgate in Thomson Reuters Super Lawyers


Fladgate is delighted that a number of its partners and associates have been ranked in the first Super Lawyers UK List, published by Thomson Reuters. Super Lawyers Banking Law Paul Howcroft Kim McMurray Business Affairs Avram Kelman Commercial Litigation Simon Ekins Stephen Hayes Commercial Property Antonia Brandes Allen Cohen Gideon Dabby-Joory Barbara Eilon James Fry […]

Painting classed as "plant and machinery"


A judge hearing a tax case has held that Sir Joshua Reynolds’ painting Omai can be categorised as plant and machinery, as defined by the Taxation of Chargeable Gains Act 1992, and so is exempt from capital gains tax. The painting was on display at one of England’s grandest stately homes, Castle Howard, which is […]

Fladgate advises X-Leisure Fund on £112m sale

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Fladgate LLP were one of the property advisers involved in the £112m sale of a majority share of the X-Leisure Fund to Land Securities. The transaction increases Land Securities’ holding in the X-Leisure Fund to 54%. The X-Leisure Fund is the UK’s largest leisure park portfolio, with a portfolio of 16 entertainment and leisure destinations […]

Trusts & private capital newsletter - March 2013


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

Fladgate advises Associated British Engineering on a US $500,000 investment


Fladgate LLP has advised British Polar Engines Limited (BPE), a wholly owned subsidiary of Associated British Engineering PLC (ABE) on a US$500,000 investment in a newly formed company, Akoris Trading Limited (Akoris), by way of a subscription for 500 A shares which will represent 50% of the equity and carry 100% of the voting rights. […]

Challenging environments


There have been significant advances in awareness of the health and safety consequences of design and construction. Hopefully we will never again see disasters like the failure of the walkway onto the Ramsgate ro-ro ferry. But are there any circumstances where a completed project can legitimately put the end users at risk to their health […]