High Speed 2: the proposed property compensation scheme
On 12 September 2013, the government announced the latest consultation on the proposed compensation scheme for properties affected by the High Speed 2 rail network (HS2).
The proposed scheme is made up of a package of compensation measures for properties inside the safeguarded area and also includes allowances for properties in rural areas which are not safeguarded but are located close to the new network. The proposed scheme will be of interest to both landowners and developers affected by HS2. However, the proposals do not include any further measures for large businesses or commercial developers beyond that set out in the compensation code.
An Exceptional Hardship Scheme is already in place and has been operational since August 2012 to assist owners of properties near to the proposed route of HS2 who have an urgent need to sell. In the period of August 2010 to August 2013, 118 applications were made under this scheme. Ninety-four of the applications proceeded to a purchase, at a cost in excess of £54m…
If you are registered and logged in to the site, click on the link below to read the Nabarro briefing. If not, please register or sign in with your details below.
News from Nabarro
Briefings from Nabarro
The Alliance Associates Weekend is now an annual event focused on growing the international prospects of aspiring associates and senior associates.
The Pensions Regulator has issued details of additional information that trustees will be required to include in scheme return submissions.
Analysis from The Lawyer
Nabarro senior partner and self-confessed “IT geek” Graham Stedman is heralding a major set of investments in technology ahead of the firm’s move to 125 London Wall this year.
Clients are more willing to bring claims against professional service providers but the risk to defendants is not as dramatic as it might seem