Insights: November 2016

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 […]

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 […]

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 […]

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 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 […]

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 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 […]

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 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 […]

Charles Proctor explains how the UK could declare itself a free trade zone by ceasing to impose tariffs on imports immediately after its split from the European Union. UK politicians have spent the last few months arguing over the shape of a post-Brexit deal with the EU: will it be ‘hard’ or will it be […]

Aldgate Tower was acquired in 2010, constructed between 2012-2014 and sold as a fully let building in 2016.  Fladgate LLP acted for and advised the developer on all aspects of the transaction. Background The Aldgate Tower site, located on an island in the midst of the Aldgate gyratory, benefitted from a planning permission dating from […]

While the right hand of government is actively trying to make the provision of housing easier and faster, the left hand is actively pushing through new statutory rights which could introduce delays of 18 months for some housing developments and limit the suitable sites available for development. As part of its ‘Digital Britain’ initiative the […]