The Privy Council has ruled on an appeal from the Mauritian Court of Appeal which granted an injunction to prevent a bank from paying out under a letter of credit. In Alternative Power Solution Limited v Central Electricity Board  UKPC 31, the bank had issued a letter of credit setting out documents required to […]
As the property market again witnesses ever-increasing property prices, ‘lock out agreements’ (or ‘exclusivity agreements’ as they are often called) are becoming more and more prevalent. But are they worth it? In a buoyant market one danger to buyers is that once an offer has been accepted, the buyer must begin the time consuming and […]
Fladgate LLP has continued to be highly rated by Chambers Guide to the UK Legal Profession 2015, with a number of the firm’s partners ranked as leading individuals. Construction: Purchaser What the team is known for: Advises on engineering, building and development projects, alongside disputes. Significant and expanding focus on renewable energy projects, including issues […]
Autumn always reminds me of a case some years ago; a council was considering felling some horse chestnut trees because the conkers could make pedestrians slip, or children could suffer serious head injuries if the sticks they used to dislodge them meant the conkers landed on their heads. This is the kind of approach that […]
Fladgate LLP has advised on the sale of GatenbySanderson, a market leading provider of permanent and interim executives to the public sector, not for profit, education and health sectors. The business was bought from its founder, Graham Goodwin, by a management team backed by the private equity house Primary Capital. Corporate partner Ian Brent led […]
My daily walks between station and office take me past the Warburg Institute, housed in a drab 1950s building in Woburn Square. My knowledge of the Institute was until now limited to a vague recollection that the disgraced art historian and Soviet spy Sir Anthony Blunt had the title of Warburg Institute Professor. I could […]
Fladgate LLP has advised an off-shore trust in connection with the acquisition of Camden Lock Market from Brockton Capital. This transaction places Camden’s famous Stables Market and Lock Market in single ownership and will enable a major redevelopment of the combined sites to proceed. Camden Lock Market is a site in excess of one acre, […]
An English broker of derivative investments has brought a claim against a German law firm, claiming that the firm wrongfully induced the broker’s clients to breach their contracts by persuading them to bring claims against the brokers in Germany in breach of exclusive jurisdiction clauses in favour of the English court. The broker claimed that […]
An important judgment was issued yesterday by the Employment Appeal Tribunal (EAT) which could have significant financial consequences for any business that offers paid overtime or makes other regular payments to its workforce. Previously, the practice operated by most employers has been not to include overtime pay, commission, travel allowances and other “non-basic salary” payments […]
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