E:gen newsletter from Winckworth Sherwood focuses on offshore property joint ventures
The latest edition of E:gen, Winckworth Sherwood’s newsletter focusing on the latest regeneration and development news, looks at offshore property joint ventures, permitted development rights, ‘right of light’ and more.
When housing associations, house builders or local authorities (or any combination in joint venture) negotiate with a counter-party who is structured as an offshore company or fund you need to be aware that this raises a number of additional considerations that do not apply to a typical joint venture development…
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This decision represents a welcome return to the ‘pay for what you use’ principle and strikes a fairer balance between different creditor and expense groups.
Winckworth Sherwood has provided a summary of the Trusts (Capital and Income) Act 2013.