Insights: February 2019

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Late payment in commercial transactions across Europe

Tim Wright |

The European Parliament recently adopted a Resolution setting out its position on the implementation of Directive 2011/7/EU on combating late payments in commercial transactions. Corporate partner Tim Wright provides an overview in his latest article.

What Lies Beneath: beware documents hidden in the contract bundle

Ian Smith |

The recent decision of Clancy Docwra Ltd v E.On Energy Solutions Ltd is a useful reminder to parties to be clear on how works in a construction contract are defined and incorporated.

UK Government has published a new “Outsourcing Playbook”

Tim Wright |

On 20 February 2019, the UK government’s Government Commercial Function published “The Outsourcing Playbook”[1] outlining a series of key new policies for making outsourcing decisions and contracting with outside suppliers for the delivery of public services. Against a backdrop of increased scrutiny of government outsourcing, Carillion’s collapse in January 2018, and ongoing financial problems of […]

Frustrated by Brexit?

Roy Perrott |

Whatever your views on Brexit and whether the UK should leave or remain and on what terms, Brexit seems a source of frustration for many people.  The question that the court had to decide was: can a tenant end its lease early because of Brexit?  The outcome will reassure landlords but be a disappointment for […]

Property agreements in the Competition Law spotlight – again

Alex Haffner, Thomas Edwards |

In September 2018, the Competition and Markets Authority issued its first ever fine (against Heathrow Airport Limited) in connection with a property agreement breaching the competition law rules . A recent “fast track” application to the Competition Appeal Tribunal (CAT) looks to push the door further open to potential challenges to restrictions contained in property agreements.

Possible implications of a ‘No Deal’ Brexit for commercial contracts

Leigh Callaway |

Despite a wealth of proposals, no clear majority has surfaced for any single legislative option in the House of Commons to manage the United Kingdom’s departure from the European Union (Brexit). As such, as an operation of law on 29 March 2019, without an agreed or managed exit (a No Deal), contracts, domestic and international, will need to be reviewed for their effectiveness. Here we explore the potential effects of a No Deal on typical contractual terms.

Is it time to revisit your FM Contracts?

Tim Wright |

With the UK remaining set to leave the European Union on 29 March 2019, possibly crashing out without a deal, buyers of facilities management (FM) services (who haven’t already) should urgently act to review key contract terms in relation to business critical services and, where appropriate, put in place contingency plans and contract amendments with their providers.

Fladgate advises an off-shore group on a disposal and an acquisition

Roland Brandman, Miles Crawford, Gideon Dabby-Joory, Adam Baker, Alex Haffner, Nick Wood |

Fladgate LLP has advised Parkside Investments Limited, a Jersey company, in connection with the acquisition of a large site in Hendon, north west London, for approximately £9.5m.  The site is used as a motor dealership and servicing centre and is let to Honda Motor Europe Limited.  The site represents a short term investment acquisition with […]

Fladgate acts for Equitix on the £47m acquisition of Crickhowell House, Cardiff

Miles Crawford, Andrew Bessemer Clark, Gavin Whitney, Ashleigh Brinklow |

Fladgate are delighted to have acted for leading UK infrastructure investor, Equitix, on the acquisition of Crickhowell House (also known as Tŷ Hywel), Cardiff, which is the administrative offices of the Welsh Assembly.  The property is let in its entirety to The National Assembly for Wales Commission with a term unexpired of 13 years. Lead partner […]

Reminder of reduced time to pay SDLT and file SDLT returns

Hamilton Forrest |

From 1 March 2019, the current 30 day time limit to pay SDLT and file SDLT returns in England and Northern Ireland will in most cases be reduced to 14 days. This new 14 day time limit will apply to: all land transactions with an “effective date” on or after 1 March 2019; and all […]

Fladgate advises on the acquisition of Fulham Town Hall

Gemma Grunewald, Gideon Dabby-Joory, Seetal Modi, Wing Tang |

Fladgate LLP has advised FTH Investments Limited, a Ziser London corporate vehicle, in connection with the acquisition of the 51,350 square foot Grade II listed Fulham town hall for an undisclosed sum and in connection with the related acquisition finance facility from OakNorth Bank.  The acquisition vehicle is controlled by Ziser London, a private family […]