The courts have long recognised that companies do not always follow all the procedures prescribed by company law and that, in certain circumstances, it would be unjust for the courts to punish a party just because of a failure to observe legal formalities. One area is that of shareholder approval. With English companies varying in […]
The problem A registered proprietor of land owns the legal and beneficial interest to that land. When this principle was conceived it was quipped that “instead of the citizen telling the state who owns the land, the state will henceforth tell the citizen”. You may not consider this troubling on the face of it. However, […]
Assured Shorthold Tenancies (ASTs) are the most common kind of private residential tenancy in the UK currently, which means that almost any investor or funder in the UK residential property market will deal with them. The past few years have seen new legislation that introduced new and more onerous obligations on landlords of ASTs. This […]
“It ain’t quite heaven but it’s the closest I’ve been” (as sung in “Underground” from the West End musical Memphis) would be an accurate description of some of the luxury underground basement extensions seen around London’s wealthiest streets. With prime London land a scarce commodity, and restrictions on building heights, the super-wealthy are now building […]
Trustees of most UK and foreign trusts which are liable to pay UK Income Tax (IT), Capital Gains Tax (CGT) or Inheritance Tax (IHT), among others, in any given UK tax year, must now report beneficial ownership details to HMRC in relation to that tax year. This is part of the UK’s response to the […]
Fladgate has advised WideCells Group PLC, the healthcare services provider to the stem cell industry, on its recent placing to raise gross funds of approximately £750,000. The proceeds will be used to accelerate the roll out of its three stem cell services divisions, CellPlan (the group’s stem cell insurance product), WideCells (the group’s stem cell storage […]
Fladgate construction partner Barry Hembling spoke at the October 2017 Chatham House conference on the Belt and Road initiative, the world’s largest construction project. The conference examined the evolving framework of the Belt and Road initiative, the political and strategic considerations for its future, what it means for countries in its intended sphere, and the […]
The question of how to calculate holiday pay has been perplexing employers and their legal advisers since 2014, when a case brought by a British Gas worker upset the status quo. The worker in question, Mr Lock, received results-based commission in addition to his basic salary. However, when he was on holiday, Mr Lock was […]
Fladgate LLP is delighted to have achieved across the board rankings in the recently launched 2017 edition of the Legal 500 Guide to the UK Legal Profession. The firm achieved 26 rankings, with 59 lawyers attaining 91 individual recommendations. Commercial contracts Fladgate LLP enhanced its commercial contracts offering with the recruitment of James Earl, an expert in the […]
Fladgate acted for Chesterfield Resources plc on its placing of 26m ordinary shares at 5p per share raising £1.3m before expenses, and the admission of the entire issued ordinary share capital of the company (including the placing shares) to trading on the Standard Segment of the Official List of the UK Listing Authority and the […]
Against the backdrop of soaring, if volatile, prices for Bitcoin and other cryptocurrencies and a rapidly changing global regulatory landscape, the adoption of blockchain technology and its use in raising significant funds for start-up ventures is accelerating. Fladgate is committed to a leading position in this exciting sector and is already advising technology entrepreneurs on […]
Since the introduction of the Immigration Act 2014, banks and building societies have been prohibited from opening current accounts for individuals who are in the UK illegally. The Immigration Act 2016 goes one step further, with the introduction of multiple measures to prevent illegal migrants from continuing to operate existing current accounts. The Act gives […]
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