Insights: June 2020

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Fladgate advises PCB Litigation on agreement with Burford

Charles Wander, Zehra Kofturcu, Anthony Shatz |

Fladgate LLP has advised boutique law firm PCB Litigation on an innovative financing investment by Burford Capital, the world’s leading finance and asset management firm focused on law, which includes Burford taking a 32% equity stake in PCB. PCB, renowned for acting on high-value litigation mandates, transitioned into an alternative business structure to obtain regulatory […]


Unopposed Lease Renewals in a Covid Market

Kirsty Smith |

Landlord and Tenant Act 1954 (“the Act”) A tenant under a business lease will have a statutory right to a lease renewal (provided that certain qualifying criteria are met and the lease has not been contracted out of the Act). A tenant who wants to terminate its current lease and put forward proposals for a […]


Extension of strange times: continuing the chess match between Landlords and Grandmaster Boris.

Tim Foley |

The Covid-19 pandemic is a period of time which it seems we are obliged to call “strange times” but for the property industry times have been even stranger.  Her Majesty’s Government has now announced that the moratorium on the right to forfeit a lease for non-payment of rent laid down by the Coronavirus Act 2020 […]


Covid-19 and interim rent

Armel Elaudais |

While the full impact of the Covid-19 crisis on commercial rental levels is not yet known, landlords and tenants may be able to capitalise on the market fluctuations caused by the pandemic by making use of the interim rent mechanism under the Landlord & Tenant Act 1954 (the Act). In broad terms, interim rent is […]


The Code for Covid

Gavin Whitney |

Over the past few years, there has been a desire in Government to encourage the property industry to regulate itself under the veiled threat that it would legislate if this was not done.  In response, RICS have introduced a number of different codes and the most recent are the 2007 ‘Code for Leasing Business Premises’ […]


Stay Alert: Avoid Arrears: Totally Confused?

Jonathan Hibberts |

The lease says that rent needs to be paid in full each quarter or month, but the government seems to be saying that it may not be appropriate for the tenant to pay the rent.  You wouldn’t be alone in saying that you are confused! “The Government has always been clear that tenants who are […]


Fladgate advises Guild Esports plc on investment agreement with David Beckham

David Robinson, Alan Wetterhahn, Joshua Bennett, David Baverstock |

Fladgate was delighted to advise Guild Esports plc on an investment agreement with David Beckham. The Sports Business Group at Fladgate also drafted and negotiated a partnership agreement which makes David Beckham the face of the team. Guild, a new global esports business, is launching a player academy and developing an ambitious talent pipeline in […]


Electric Vehicles: The charging infrastructure challenge

Sam Tye |

Following completion of the Liberty Charge joint venture between the Charging Infrastructure Investment Fund, managed by Zouk (who were advised by Fladgate) and Liberty Global, Sam Tye, the Head of the Green Energy Group at Fladgate considers some of the issues facing the roll out of electric vehicle charging infrastructure and the UK Government’s recent […]


COVID-19: UK Government to issue fresh indemnities to manufacturers of ventilators

Tim Wright |

In March 2020, as part of the Cabinet Office-led Ventilator Challenge, the Medicines and Healthcare products Regulatory Agency (MHRA) published a specification[1] for a “Rapidly Manufactured Ventilator System” setting out the clinical requirements for a ‘minimally acceptable’ ventilator for use in hospitals during the COVID-19 outbreak (the RMVS Specification). The RMVS Specification is designed to enable […]


Coronavirus Job Retention Scheme: the introduction of flexible furlough

Mike Tremeer, Ingrid Hesselbo |

On 12 June 2020, the government published new and updated guidance on its Coronavirus Job Retention Scheme (CJRS), implementing changes that were first announced by the Chancellor Rishi Sunak in late May. We summarise the latest changes and consider their implications and consequences below. Flexible furlough With effect from 1 July 2020, employers will be […]


ESMA consults on proposed cloud outsourcing Guidelines

Tim Wright |

The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, recently published a consultation paper[1] on guidelines on outsourcing to cloud service providers. The guidelines, which are expected to be introduced in [. ], set out the regulator’s requirements when financial market participants outsource to cloud service providers, with a particular focus on […]


Fladgate LLP advises Galileo Resources plc

Nigel Gordon |

Fladgate LLP has advised Galileo Resources plc on its placing of 112,500,000 ordinary shares to raise £900,000 before expenses. The placing comprised 54,562,500 new Ordinary Shares (Firm Placing Shares) and 57,937,500 new Ordinary Shares (Conditional Placing Shares) to be allotted and issued subject to Shareholder approval at Galileo’s General Meeting, taking place today, 18 June […]