Insights: November 2013

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Construction newsletter - November 2013

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Updates for construction professionals.


Livin' in a land down under

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There has been a growing trend in London to construct basements as a means of extending properties. Bearing in mind that land values in the capital remain high (and are rising still higher), add to the mix the historic character of certain boroughs which limits the scope to extend houses above ground, it is understandable […]


Best will for…wealthy singles

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I’ve seen a huge variety of wills in my time – some good; some not so good! How do you know if your will, or your clients’ English wills, are the best they can be, though? Unfortunately you can’t tell just by looking at the wording. A will should be unique to the will-maker – […]


Fladgate advises Gable Holdings on £10m placing

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Fladgate LLP has advised AIM listed Gable Holdings Inc (Gable) on a placing and subscription which raised gross proceeds of £10.7 million. Gable is a European non-life insurance company underwriting a comprehensive range of specialist policies for the commercial sectors throughout Europe. Fladgate corporate partner David Robinson advised Gable with assistance from corporate solicitor Michelle […]


Breach of statutory duty - change of law

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If an employer causes personal injury after 1 October 2013 the injured person’s right to bring proceedings for breach of statutory duty (e.g. failure to comply with the Asbestos Regulations, CDM Regulations etc.) will no longer apply. This means that personal injury will no longer normally be a matter of strict liability (i.e. liability without […]


Fladgate strengthens corporate team with appointment of partner Marc Sosnow

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Fladgate LLP is delighted to announce the appointment of corporate partner Marc Sosnow from Teacher Stern LLP, where he was co-head of the firm’s Hotels Practice. Marc specialises in cross border mergers and acquisitions, junior capital markets transactions and corporate advisory work. He has a particular expertise advising entrepreneurs and family offices on a wide […]


Fladgate advises on £18.5m sale of Shoreditch hotel development site

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Fladgate LLP has advised BSL3 Limited on the £18.5m sale of a prominent development site in Shoreditch, London. BSL3 is part of a large offshore group of companies who primarily invest and develop within the hotel, hospitality and multi-occupational sectors in London. The site, with full planning consent for a 135 room hotel with associated […]


Warranties: Commercial intention

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The Court of Appeal judgment in Belfairs Management Ltd v Sutherland and another (Belfairs) looked at the interpretation of warranties given in connection with the sale of shares in a company. On a sale of shares a seller will commonly be asked to give warranties, which are essentially a set of confirmations as to the […]


Nil Rate Band will trusts: time to review

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This year’s Finance Act introduced some significant constraints on when debts can be deducted for Inheritance Tax (IHT) purposes. The changes should have set alarm bells ringing for any families who are making use of nil rate band will trusts. IHT is usually thought of as a tax that applies to a deceased person’s estate […]


Fladgate boosts construction and projects team with appointments

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Fladgate LLP is delighted to announce the appointments of Field Fisher Waterhouse’s Head of Construction, Alan Woolston and construction solicitor, Chris Farrell, in a boost to its construction and projects team. Alan specialises in construction and engineering law, providing commercially focused advice across the construction project spectrum – from high value and high-profile construction projects […]


One from the vaults

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Boundaries: Basements that extend under a highway are sometimes excluded from the Land Registry title plan. One of the advantages of registered land is that it provides certainty as to ownership. It can come as a surprise, then, to learn that the Land Registry title plan does not determine the exact boundary between adjoining properties. […]


Fladgate continues to be highly rated by Chambers UK 2014

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Fladgate LLP has continued to be highly rated by Chambers Guide to the UK Legal Profession 2014, with a number of the firm’s partners ranked as leading individuals. Construction: Purchaser What the team is known for: A wide practice particularly active in waste to energy projects, property development for retail, hotels and student accommodation, and […]