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What costs can a trader charge a consumer of services who changes their mind? A cautionary tale…

Alexandra Cooke |

The Consumer Rights Directive 2011/83/EU (CRD) gives a number of protections to consumers purchasing goods and services online within the EU. One key protection is the right of a consumer to cancel a contract for services it has purchased online within a 14 day ‘cooling off’ period, for any reason and without incurring costs (other […]

Is now the time to buy, buy, buy? SDLT Surcharge for Non-Residents

Gemma Grunewald |

The Government’s election promise to introduce a Stamp Duty Land Tax (SDLT) surcharge for non-resident purchasers will shortly take effect. From 1 April 2021, non-residents will be liable to an additional 2% SDLT on purchases of residential property in England and Northern Ireland. This surcharge will be payable in addition to existing SDLT liabilities, including […]

Preparing for the end of Libor

Charles Proctor, Ottilia Csoti |

The London Interbank Offered Rate (LIBOR), though still one of the world’s favourite numbers, will cease to be available from the end of 2021. The end of LIBOR will affect all users of the interest rate benchmark and both lenders and borrowers need to be prepared for this change. This change was announced in July […]

Covid-19: Job Support Scheme to replace the Coronavirus Job Retention Scheme from 1 November 2020

Mike Tremeer |

After several months of winding down, the financial support offered to employers under the Coronavirus Job Retention Scheme (CJRS) will end on 31 October 2020.  Over recent months the Government has been urged by some to extend the CJRS with fears raised that its withdrawal would result in large-scale redundancies and significant unemployment. The Government […]

Private investment is the answer

Jeremy Whiteson |

First the bad news. We stand at the beginning of a brutal economic crisis of truly historical proportions. Many businesses will fail and employees lose their jobs. Economic, social and quality of life issues loom. Much of this pain may be unavoidable. But do not despair. There is a solution. There is a lot more that […]

HMRC confirms change to VAT position when terminating an outsourcing or supply agreement for convenience

Neal Todd, Tim Wright |

HMRC confirms change to VAT position when terminating an outsourcing or supply agreement for convenience Termination for convenience Outsourcing and other long-term supply agreements often contain termination for convenience provisions. These allow customers the option of exiting before the expiry of the full contractual term which is often 3 to 5 years and sometimes longer. […]

The Building Safety Bill - major changes coming for developers and managers of high rise buildings

Olivia Bateman |

Overview In July the Government published the draft Building Safety Bill, to comprehensively overhaul building safety legislation in the wake of the Grenfell fire, and the independent review subsequently undertaken by Dame Judith Hackitt. The legislation is intended to ensure that fire safety is considered throughout the design and construction process, and when a building […]

Covid-19 – Landlord remedies: What now?

Rachael Studman |

Seven months into the Coronavirus pandemic, it is almost certainly safe to say that both landlords and tenants have become well acquainted with the restrictions aimed at protecting tenants struggling to pay their rent. The legislation which was hurriedly introduced following lockdown has left landlords with their hands metaphorically tied, taking away the array of […]

Telecoms Code: some welcome guidance for landowners

Armel Elaudais |

The Electronic Communications Code introduced in 2017 is notoriously favourable to telecommunication operators giving them wide-reaching rights to install and operate equipment on land (“code rights”) and affording them security of tenure. In two recent cases, the balance was however tipped in landowners’ favour. Public interest vs prejudice to landowner Under Paragraph 20 of the […]

How tax structures can offer opportunities for your real estate portfolio

Jonathan Riley |

1.) Now is a good time to review existing structures Over the years, structures have been created to hold residential real estate that are no longer fit for purpose. Typically, this might involve residential real estate being owned by an offshore company that in turn is owned by an offshore trust. In past years these […]

Exclusivity clauses in leases – unlawful restraints of trade?

Nick Wood |

Summary It is common for an anchor tenant to seek an exclusivity clause in a lease. These are clauses that prevent the landlord from permitting parts of the relevant site (be it a shopping centre, a retail park, a leisure park or otherwise) from being used in competition with the anchor tenant. However, these clauses […]

FCA publishes welcome guidance on UK cannabis listings – but further clarity is required

Paul Airley, Nigel Gordon, David Robinson, Neil Vickers, David Lee |

On 18 September 2020 the UK Financial Conduct Authority published guidance on the listing of cannabis-based businesses on UK stock exchanges after a lengthy internal review. This move will be welcomed as indicating that the London capital markets are “open for business”, particularly for companies operating in the medical cannabis space. In this article we […]