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 […]
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 […]
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’ […]
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 […]
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 […]
In March 2020, as part of the Cabinet Office-led Ventilator Challenge, the Medicines and Healthcare products Regulatory Agency (MHRA) published a specification 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 […]
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 […]
The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, recently published a consultation paper 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 […]
The Supreme Court today issued its judgment in Bresco v MJ Lonsdale and in doing so, has resolved the apparent conflict between the statutory adjudication and insolvency regimes. In short, the Supreme Court decided there was no incompatibility between the two, which paves the way for liquidators to pursue claims through adjudication. The decision is […]
This week marked a major step forward for the Divorce, Dissolution and Separation Bill 2019-21, which passed its Second Reading in the House of Commons. Most, if not all, Family Law professionals are acutely aware that law reform is needed in order to reduce the animosity and conflict when issuing Divorce Proceedings. In November 2019, the […]
Our private client team have identified and reviewed a number of recent trust related development, that may be relevant to you including trust related litigation, tax reform and tax residence. To read more click here.
The Corporate Insolvency and Governance Bill (CIGB) will, when passed, introduce several well-publicised changes to the law relating to insolvency and general meetings, but there is one proposed change which deserves greater attention. To read more click here.
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