Insights: February 2019

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.

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 […]

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.

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 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 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 […]

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 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 […]

The Home Office recently published the Second Interim Report from the independent review of the Modern Slavery Act 2015. Corporate partner, Tim Wright, discusses the impact and recommendations of the transparency statements.

Opco/Propco structures have long been popular in the hotel sector. IHG, Accor and Hilton are just a few of the big names who have split Propcos from Opcos. Many smaller groups have also found it to be an attractive model. There are, of course, commercial reasons why many hotel owners have put these structures in […]

Famous fashion model Gigi Hadid is being sued in the USA for copyright infringement, and not for the first time. Hadid is widely considered to be one of the most well-known models in the world, and has appeared in all of the major fashion publications over the last year. However, Hadid has found herself in […]