Insights: January 2017

Fladgate’s construction team is committed to improved industry performance and innovation. It embraces the ideals of Constructing Excellence which enhance the reputation and performance of our world class construction industry. Accordingly, we are proud to announce our continued sponsorship of the Constructing Excellence in London and the South East Annual Awards 2017. The Constructing Excellence […]

Fladgate advised nominated adviser and broker finnCap Limited on a placing to raise £2.3m for AIM listed Mortice Limited. Mortice Limited is a security and facilities management company incorporated in Singapore and based in India, with additional operations in Singapore and the UK. The Fladgate team was led by capital markets partner David Robinson.  

The International Lawyers Network, of which Fladgate LLP is a member, has been shortlisted as Global Network of the Year by “The Lawyer” for a second year in a row. The winners of this category will be announced at The Lawyer European Awards 2017 on 16 March 2017. This is only the second year the category for […]

Fladgate has acted for a borrower group of companies who were collectively advised by Ziser Group in connection with a loan facility from Lloyds Bank for £45m. The security involved four different properties in London, each of which was controlled by a different company. The released funds will be used by the group for further […]

The building lease is a combination of a development agreement and traditional FRI lease in which, for a period of time, many of the usual tenant covenants are suspended while the tenant does things to the premises that it would not normally be allowed to do. When might a building lease be used? Sometimes a […]

On 17 January, the Prime Minister gave her long-awaited speech on the UK’s strategy for Brexit. It is fair to say that her comments received a mixed reception, both in the UK and the EU. The main point is that “soft” Brexit and continued UK  membership of the single market are now definitely off the […]

Long term UK resident non-doms to be deemed UK domiciled The Government has released draft legislation giving effect to its proposal to deem the domicile status of certain UK resident non-doms to be UK domiciled, regardless of their actual domicile. The changes only apply to non-doms who, on or after 6 April 2017, have been […]

Key points: Expert evidence is required in most construction and engineering disputes Experts will usually prepare written reports and may be cross-examined Expert evidence can determine the outcome of construction disputes There have been some recent examples of poor expert evidence performance being harmful to party’s cases Careful consideration and deliberation are always required in […]

We outline some of the complexities of dealing with disrepair in cinema premises and their negotiation. The first waves of multiplexes, built between the mid-to-late ’80s and mid-’90s, are now approaching up to 35-years-old and, as the buildings have aged and undergone refurbishment, issues relating to their condition and repair-costs have inevitably become more frequent. […]

Fladgate LLP has advised Halamar Developments on a complicated refinancing of a property development in Golden Square, Soho, borrowing new funds of more than £50m. The refinancing involved: a corporate reorganisation to insert three levels of holding companies between the property owning company and the ultimate shareholders together with amendment of the existing shareholders agreement […]

Do you have a survivorship clause in your Will? Chances are you do, if you leave assets to someone outright in your Will.  The mischief that these clauses are designed to avoid is this.  If A gives a gift to B in his Will and B dies the day after A, B’s estate will get […]

Introduction The Technology and Construction Court (TCC) recently issued a reminder that adjudication is not the ‘Wild West’ of dispute resolution. Giving judgment in Beumer v Vinci [2016] EWHC 2283 (TCC), Fraser J recapped that adjudicators must comply with the requirements of natural justice. The requirements of natural justice are commonly expressed as two separate […]