Insights: May 2015

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The pitfalls of internal corporate investigations


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” […]

Hotel Update - May 2015

Julian Lewis |

A summary of transactions and trends in 2014.

Having the final word…

Teresa Cullen |

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

Sophie Burke, Eddie Powell, Gideon Dabby-Joory, Gavin Whitney, Adam Baker, Gary Smith, Charles Proctor, David Baverstock, Jeremy Whiteson |

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


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

Alexander Wildschütz |

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

Matthew Williams |

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

Gillian Birkby |

Updates for construction professionals.

Fladgate advises Satellite Solutions Worldwide

Hamilton Forrest, John Forde, Jamie Hamilton, David Robinson |

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 […]

Conclusivity of Final Certificates in JCT contracts


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 […]

The strange world of private art sales


I am often contacted by new or existing clients who are putting together a deal for the sale of some work of art, usually for an eye-watering amount. These people are not the current owners, nor the proposed purchasers, but something in between: agents, advisors, introducers, dealers, and often not quite sure themselves. They are […]

Fladgate advises Maitland on acquisition of Phoenix Fund Services

Charles Proctor, Grant Gordon |

Fladgate LLP has advised the global advisory, fund administration and fiduciary services firm Maitland on the acquisition of UK-based fund administrator Phoenix Fund Services. The deal boosts Maitland’s assets under administration by £6.2 billion (USD $9.3bn) to over £135 billion (USD $200bn). It also heralds Maitland’s entry into the fund administration sector in the UK, […]