Insights: May 2016

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What is the Inheritance Tax Residence Nil Rate Band?

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Does UK Inheritance Tax (IHT) affect me? IHT can pose a serious threat to family wealth. With careful planning, married couples (including civil partners for these purposes) can usually defer IHT until the death of the surviving spouse.  Then, however, IHT applies at a flat rate of 40%, although often only if the surviving spouse’s […]


Construction newsletter – May 2016

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Updates for construction professionals


Post Panama

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Once the initial furore over the “Panama papers” has died down, a sober analysis will undoubtedly reveal that, whilst there will have been many examples of undisclosed or illegal arrangements, there will equally have been many clients of Mossack Fonseca whose affairs were perfectly compliant and who had valid reasons for setting up offshore companies […]


IP Update – EU Trade marks

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At the start of 2016 we highlighted the impending changes to IP law in the European Union (EU) and what to expect over the coming months when the new legislation is introduced.  This article focuses on two of the amendments governing the use of a European Union trade mark (EUTM) and how the new laws […]


Lease extensions of flats on a sale – what to tell your clients

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When tenants first acquired the right to extend their flat leases under the Leasehold Reform, Housing and Urban Development Act 1993 (Act), there was a perception that this was not as attractive as the other right created by the Act, to collectively acquire the freehold title to the building in which the flats are situated.  […]


Privet Capital acquires Cash Processing Solutions Limited from De La Rue plc

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Fladgate LLP has advised the private equity firm Privet Capital on the acquisition of the entire issued share capital of Cash Processing Solutions Limited (CPS) and related subsidiaries from De La Rue plc for a maximum pay-out of £6.5m.  Fladgate also advised in relation to the ongoing strategic partnership between the two parties. CPS is […]


The Eclairs v JKX case and “proper purpose” – the impact for directors

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The Companies Act 2006 requires directors to use their powers only for the purposes for which they have been conferred, also known as for the “proper purpose”. The statute does not give any guidance as to what this duty requires of directors in practice, but a recent Supreme Court case, Eclairs Group Limited v JKX […]


Trustees and the Common Reporting Standard (CRS)

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As if FATCA wasn’t enough, UK trustees will have to get to grips with two new reporting regimes next year – the CRS and the European Directive on Administrative Cooperation, or DAC. The DAC is how the OECD’s Common Reporting Standard (CRS) will be implemented by the EU and will affect EU Member States. There […]


Fladgate advises on Step2wo’s acquisition of One Small Step

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Fladgate has acted for Step2wo in relation to its acquisition of the children’s shoe retail business One Small Step from Start-Rite. Small Step has eight stores and four concessions across the UK and Ireland. In addition to selling its own footwear in its concessions, Step2wo also stocks brands ranging from Gucci and Armani Junior to […]


Collateral warranties: getting the best support!

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Many occupiers still fail to sufficiently protect their interests by ensuring that the appropriate paperwork is in place when construction works are carried out in or adjacent to their premises.  Whilst many defects continue to be identified and remedied when a contractor is on site, significant problems can and do arise with latent or hidden […]


Fladgate advises 4C Hotels on franchise for “Canopy” by Hilton

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Fladgate LLP has undertaken the negotiation for 4C Hotels of a franchise agreement for Hilton’s new boutique hotel brand “Canopy”, the first hotel under the brand to be opened in the UK.  The hotel will open in 2018 and will occupy a prime site on The Minories, in the City of London. The launch of […]


Fladgate advises on US$11m placing and AIM admission for SDX Energy Inc.

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Fladgate has advised Cantor Fitzgerald Europe (as nominated adviser and joint broker) and FirstEnergy Capital (as joint broker) on a US$11m placing for SDX Energy Inc. (SDX), together with its proposed admission to AIM. SDX is a UK based oil and gas exploration company which is listed on the TSX Venture Exchange.  Its portfolio consists […]