Corporate law

Tenant only break options are a useful way for tenants to give themselves a potential way out of a lease if, for example, there may be a strategic requirement to exit a lease. On the surface, break options seem simple but there are complications within them of which tenants need to be aware. At the […]

Many non-UK resident lenders in the commercial property sphere will often have encountered the problem of UK withholding tax on interest at 20%. As an alternative to the traditional double tax treaty relief method, the qualifying private placement is a relatively new method through which investors and lenders can be exempted from withholding tax on […]

Background On 30 March 2018 a revised version of the AIM Rules for Companies (AIM Rules) became effective. The new version of the AIM Rules extends the ambit of the information that each AIM company must include on its website pursuant to rule 26 of the AIM Rules. The new version of the AIM Rules […]

Fladgate LLP is pleased to have acted for the lead group of financial investors (comprising Zouk Capital, Index Ventures, 83North, Creandum and Northzone) on the sale of their entire interest in iZettle to PayPal Holdings; subject to regulatory approval. The total deal value was $2.2B. Nathan Medlock, Partner at Zouk Capital commented: “We are grateful […]

First legal case raises more questions than answers The first case on liability for the costs of replacing flammable cladding provides little comfort to lessees.  The call by a first tier tribunal for the introduction of a warranty scheme to meet the repair costs was made after acknowledging that litigation on this issue is unlikely to […]

Smart contracts are one of the major developments arising out of the distributed ledger and are intended to simplify how contracts are made and executed.   This briefing considers what they are and how they fit into the law of contract. Smart contracts: are they as smart as they sound? (click for PDF of briefing) Charles […]

An enterprise management incentive option (EMI option) is a type of employee share option which is a useful remuneration tool for employees in smaller higher-risk trading companies.  It also provides for generous tax treatment for both the employee and the company. Since the tax benefits are only available to companies with certain qualifying business activities, […]

Fladgate LLP acted for AuVert Mining Group Limited in relation to the acquisition of the entire issued share capital of Ulloa Recursos Naturales S.A.S , a Colombian entity, from AIM listed mineral exploration and development company Bezant Resources Plc. Ulloa holds alluvial platinum and gold licences located in the Choco region of Colombia. Corporate partner […]

The Asset Management Market Study carried out by the Financial Conduct Authority (FCA) raised concerns about weak price competition and the ability of investors to seek the best value. Therefore the FCA has decided to introduce new rules and guidance applicable to authorised fund managers (AFMs) in respect of their management of authorised funds subject […]

Fladgate LLP acted for AIM listed client Gfinity PLC on its equity placing that raised £6.7m before expenses. Founded in 2012, Gfinity has established itself as one of the world’s leading esports companies. The London-based business enjoys strong relationships with game publishers, players and the wider esports community and has built a solid reputation for […]

Fladgate LLP has advised GCC Group on its second acquisition in three months. The deal to buy Perfect Dynamics is the second in a planned series of acquisitions intended to make GCC Group one of the UK’s largest managed IT services providers. Corporate partner Ian Brent led the transaction. GCC Group CEO Chris Harthman commented: […]

Following the initial shock of the outcome of the EU referendum in June 2016, confidence about the UK’s future is slowly returning. As this continues, HNWIs from outside the EU are again looking to […]