It was recently reported that the Ministry of Justice (MoJ) has terminated an outsourcing contract with G4S. The termination of the 15-year contract, awarded to G4S in 2011, comes after the MOJ was forced to step-in and take over running the HMP Birmingham in August 2018 the prisons watchdog concluded that the prison was “exceptionally violent” and “fundamentally unsafe” with staff “living and working in fear”.
Fladgate has advised fire sector specialist BB7 on the investment of £6m by BGF, the UK and Ireland’s most active investor in growing businesses, to create the leading UK fire and security consultancy through acquisition. This began with the acquisition of Manchester based specialist fire consultancy Omega Fire, which will broaden BB7’s geographic reach and service offering.
In a plot line worthy of a Dan Brown novel, the 30 year old CEO and founder of QuadrigaCX, Gerald Cotton, was reported as having died in India at the end of last year, seemingly having taken the passwords to the company’s cold storage wallets with him to his grave.
Capital contributions can be a useful inducement to tenants but proper consideration of their impact is often missed in negotiations. It is important to identify the correct reason for the payment as this can affect the VAT treatment, whether the construction industry scheme (CIS) applies, whether capital allowances are applicable and the treatment of any works on rent review.
In Filatona Trading Ltd and another v Navigator Equities Ltd and others the Court held that an LCIA arbitral tribunal did not exceed the scope of its powers in ordering relief that was not available to an English court.
Fladgate LLP is delighted to announce the appointment of corporate partner Anthony Shatz, who joins from RPC. Anthony delivers advice on high value and complex corporate transactions to both domestic and international clients. His client base is extensive, covering private equity, real estate, hotels and aerospace, and he has deep experience of both M&A and […]
In January 2019, Singapore’s privacy regulator, the Personal Data Protection Commission (PDPC), published a Proposed Model Artificial Intelligence Governance Framework for public consultation. The PDPC recognises the many benefits of AI, but also calls out the emergence of concerns such as AI’s impact on personal privacy and algorithmic bias.
Much has been written about local authorities investing in commercial real estate, particularly at a time when there is an increasing demand on community services and social care and the cutting of budgets that sustain them.
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