RED Alert — spring 2014: Part 36 offers: a miss is as good as a mile
In Hammersmatch Properties (Welwyn) Ltd v (1) Saint-Gobain Ceramics and Plastics Ltd (2) Saint-Gobain Abrasives Inc  EWHC 2227 (TCC), the court had been asked to make a costs order following its earlier decision on a terminal dilapidations claim. The decision is a very useful reminder of how Part 36 will be applied by the courts and how serious the consequences can be.
In this case, the defendant tenant had made a Part 36 offer to settle, which was not accepted by the landlord. At trial, the landlord was awarded damages that were only slightly higher than the tenant’s offer.
The tenant argued that the normal rule, that the winning party can recover its costs, should not apply because its offer was such a near miss. It argued that the court should take account of its Part 36 offer in reducing the amount of the landlord’s costs…
Click on the link below to read the rest of the Taylor Wessing briefing.
News from Taylor Wessing
News from The Lawyer
Briefings from Taylor Wessing
For the tax year from 6 April 2014, the standard lifetime allowance has reduced from £1.5m to £1.25m.
One of the areas highlighted last year by the Regulator was the regulation of workplace DC pension schemes.
Analysis from The Lawyer
As the equity capital markets rocketed back into favour and global M&A saw at least a partial return to form, there have been some rich pickings for The Lawyer’s Corporate Team of the Year award shortlisted firms in 2014.
The city-state is working hard to become a global wealth management hub, and law firms are gearing up for a prosperous new world