Corporate law

Many real estate clients have asked whether they can sign documents electronically in order to save time and cost. Often it takes several days for documents to be signed due to the unavailability of the relevant signatories, and often documents need to be circulated and returned by post or courier, which takes time. Such delays […]

This quarterly round-up looks into some of the main regulatory developments and trends in fintech regulation during the second quarter of 2018. The previous edition of this briefing for January to March 2018 can be found here. Evolution of ICOs  The market for initial coin offerings (ICOs) continues to develop despite increased regulatory scrutiny. As […]

For most buyers of registered land, the deal is done on completion of the transfer, when the purchase price is paid and they are given the keys to the property. However, there are important post-completion formalities to which solicitors must attend. Legal title to registered land does not pass to the buyer until the transfer […]

Following the EU Withdrawal Bill officially becoming law, HM Treasury (HMT) published its approach to financial services legislation in the lead up to and immediately following Brexit.  In coordination with that publication, the Bank of England and Financial Conduct Authority (FCA) also published their own statements providing further detail on their roles under the proposed […]

Fladgate advised AIM listed Caspian Sunrise plc on the acquisition of Kazakh company 3A Best Group JSC, for a consideration of US$24 million to be satisfied in shares.  3A Best holds an oil and gas licence covering 1,347km2 close to the Caspian port city of Aktau.  Completion is subject to the satisfaction of certain conditions including […]

Fladgate advised Angus Energy plc on the issue of an unsecured zero coupon convertible note to Bergen Global Opportunity Fund, LP with a nominal value of £3,390,000.  The net proceeds of £3 million completed the financing to acquire a 25% interest in, and the operatorship of, the Balcombe licence (PEDL244), from Cuadrilla Balcombe Limited and Lucas […]

Fladgate have advised Fore Fitness on the sale of 13 easyGym sites to The Gym Group. The initial consideration is £20.6m, with an additional £4.1m payable when lease extensions are agreed on two sites. Fore Fitness is to focus its operations on the easyGym franchise model going forward. The deal was completed within an intense […]

There is a basic principle in English land law that you own the airspace above your property and all of the ground below: ‘up to the heavens and down to the depths’.  As a result, anyone entering your airspace (or mining underneath your property) without consent will almost always be committing a trespass. This is […]

Fladgate advised TSX and NASDAQ listed TransGlobe Energy Corporation, an independent international oil and gas company with exploration and production operations in Egypt and Canada, on its introduction to AIM.  The company’s full year average production guidance for 2018 is between 14,200 and 15,600 barrels of oil per day. TransGlobe will be the first AIM […]

The English Court has issued a number of recent judgments in respect of arbitration matters and its supervisory powers under the Arbitration Act 1996  We summarise some of the more important decisions emerging, including those relating to “apparent bias” challenges against an arbitrator. Progas Energy Limited v Pakistan [2018] EWHC 209 (Comm) (9 February 2018) […]

Fladgate LLP acted for an associated entity of BYM Capital in respect of its corporate restructuring and subsequent entry into a £59.8 million loan provided by Pluto Finance for the refinancing of the client’s acquisition of New Horizons Court in Brentford and its development from office use into residential accommodation comprising 271 private residential apartments. […]

Fladgate has advised Main Market listed WideCells Group Plc on its £2m placing and the publication of a related prospectus.  The financing will be used to provide working capital for the group and for the expansion and development of the WideCells, CellPlan and Wideacademy brands and products. WideCells is a healthcare services company focused on providing stem […]