Insights: May 2015

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The pitfalls of internal corporate investigations

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Anil Rajani, Partner at law firm Fladgate, reckons the SFO should take a leaf out of the FCA’s book when it comes to the “self reporting” of wrong-doing within companies. Business leaders are increasingly finding themselves between a rock and a hard place in the tricky terrain that is the economic crime landscape. “The rock” […]


New CGT rules for non residents: what to do now

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This is the first UK tax year in which non UK residents will be subject to Non Resident UK Capital Gains Tax (NRCGT) when disposing of their UK residential property to anyone other than their spouse/civil partner or to charity. Non resident trustees and personal representatives pay NRCGT at 28% on taxable gains and individuals […]


Hotel Update - May 2015

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A summary of transactions and trends in 2014.


Having the final word…

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The recent case of Vince v Wyatt struck terror into the hearts of many an ex spouse. The Court allowed Mr Vince’s ex-wife to bring a financial claim against him in excess of 20 years after they had not only separated but gone through the procedure of divorce. Whilst the value of Mrs Wyatt’s claim […]


Fladgate advises on high profile acquisitions for Patron Capital

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Fladgate LLP has advised Patron Capital IV LP (Patron) on two high profile real estate investments: The c£75m headline acquisition, by a joint venture between Patron Capital and APAM Ltd, of the Arlington Business Park in Theale, Reading from the Arlington Business Parks Partnership (ABPP). The Arlington Business Park is considered to be one of […]


Implementation of the Transparency Directive Amending Directive

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HM Treasury and the Financial Conduct Authority (FCA) have published a joint consultation paper (CP15/11)(1) on proposed amendments to the Disclosure and Transparency Rules (DTRs) and the Financial Services and Markets Act 2000 (FSMA) which are required in order to implement the Transparency Directive Amending Directive ((2013/50/EU) (TDAD). The FCA is also proposing some other […]


The fallout from the forex fines

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We’ve recently seen yet another round of substantial fines by regulators against banks. This time the £3.6bn of fines against banks are for the foreign exchange (forex) scandal, where the banks stand accused of rigging the forex market. For most the impact of the forex scandal is not immediately obvious. We have set out an […]


Restrictive covenants

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Developers and landowners often find that development sites are subject to covenants which prohibit certain actions, such as use for a specific purpose, or the construction of or alteration to a building. These covenants are known as restrictive covenants and can have a significant impact on a proposed development. Having identified such a restrictive covenant, […]


Construction Newsletter - May 2015

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Updates for construction professionals.


Fladgate advises Satellite Solutions Worldwide

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Fladgate LLP has advised Satellite Solutions Worldwide Limited (SSW) and its management shareholders on its acquisition by Cleeve Capital plc (by way of a reverse takeover) and the admission of the combined group to trading on AIM under the name of Satellite Solutions Worldwide Group plc. At the same time, the company raised £2.3 million […]


The reluctant will maker

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When you are surrounded by wills on a daily basis (as I am), it’s easy to forget that, for some of our clients, even the thought of making a will is a stressful business, to be avoided at all costs. This was brought home to me recently when I met a couple of Family Office […]


Conclusivity of Final Certificates in JCT contracts

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Sir Francis Bacon once wrote: “If a man will begin with certainties, he shall end in doubts”. However, the decision in the recent case of Marc Gilbard v OD Developments confirmed that any doubt as to the certainty afforded by a Final Certificate which a JCT or similar contract states is to be conclusive can […]