Insights: November 2016

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Fladgate advises on development agreement for lease with National College for Digital Skills

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Fladgate LLP has acted on behalf of Micuber Estates Limited in relation to a development agreement for lease with the newly set up National College for Digital Skills in Tottenham Hale.  The agreement is conditional upon planning permission being obtained not only for the new college but also for a very large residential development on […]


Supreme Court considers penalty clauses

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The Supreme Court clarified the contractual penalty rule in a decision on appeals, Cavendish Square Holding BV v Talal El Makdessi and ParkingEye Limited v Beavis.  The Supreme Court held that the underlying rationale for the rule had been misunderstood and the established test was applied over-literally and poorly adapted to modern commerce.  The Supreme Court […]


CIArb Business Arbitration

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The Chartered Institute of Arbitrators (CIArb) has launched a new Business Arbitration Scheme (BAS) which aims to provide a simple and cost-effective form of arbitration for claims in the region of £5,000 to £100,000 in value.  The CIArb is a non-profit membership organisation whose focus is on providing alternative dispute resolution services and training to […]


Brexit countdown – Don't bank on a passport

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Philip Hammond’s autumn statement earlier this week arguably could have been renamed the “autumnal statement” since the chancellor’s underlying tone suggested the UK is entering a period of gradual decline and slowdown. Does a Brexit Winter lie ahead? And if so, how can we prepare for it? Charles Proctor, a partner at City of London […]


Lord Chief Justice Briggs’ Civil Courts Structure Review: Final Report

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In July 2015, the Lord Chief Justice and Master of the Rolls commissioned Lord Justice Briggs to conduct a review of the structure of the civil courts in England and Wales.  Following an extensive consultation with judges, practitioners and court users, on 27 July 2016 LJ Briggs published his much awaited Civil Courts Structure Review: […]


Fladgate advises on the disposal of the last brownfield site in St Pancras

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Fladgate LLP has advised an offshore private family trust on the disposal of a brownfield site for development in St Pancras for £35 million. The site is the last undeveloped site in St Pancras and was sold to the Market Tech group.  The transaction involved the closure and relocation of the logistics giant DPD’s distribution […]


Appointing joint attorneys? Here’s a welcome clarification of the law

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Lasting Powers of Attorney are an essential wealth management tool for anyone who directly holds UK assets and can name at least someone whom they trust to take decisions on their behalf. They are often made by individuals concerned about who would continue to make decisions about their finances or their health and welfare if […]


Hard Brexit and the banking industry

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It is now clear that the United Kingdom is committed to Brexit, although the nature of any continuing relationship with the remainder of the EU remains to be negotiated. However, it seems unlikely that the current EU passporting system for the financial services industry will continue to apply to UK institutions, or to EU banks […]


Planning update on housing

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The UK housing shortage has continued to shape changes to planning law this year. Below is an update on two of those changes. Permitted development to residential use The Government has continued to use permitted development rights to try and encourage an increase in housing supply. A few points to note, as follows: As most […]


Fladgate advises Angus Energy on £3.5m placing and admission to AIM

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Fladgate LLP has advised Angus Energy plc on its admission to AIM and £3.5m placing.  The market capitalisation of Angus Energy on admission was approximately £12.9m. Angus Energy is an independent UK onshore oil and gas development, production and operations company and OGA-approved operator.  The placing proceeds will principally be used to fund the group’s […]


Taxation of residential property in the UK

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The taxation of residential property in the UK has changed almost beyond recognition over the past few years. What were once tried and tested structures are in many cases no longer suitable. The tax consequences in any given situation are now liable to depend not only on the type of structure used but also the […]


Fladgate advises on the acquisition of large Central London office premises

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Fladgate has advised on the acquisition of a large Central London office premises for Halkin Management Company Limited, a service office provider and part of the Kingshott Holdings group. The premises are located on Paris Garden SE1, are let for 10 years and have a headline rent of over £2m pa.  Collyer Bristow acted for […]