Financings

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Latest Briefings

Plastic ban on 36 major railway stations

On 22 January 2019, the National Green Tribunal, Principal Bench, New Delhi (NGT) in the case of Saloni Singh & Anr v Union of India & Ors (OA No. 141 of 2014) inter alia, directed the Railway Administration, Ministry of Railways, Government of India (Railway Administration) to develop ‘eco-smart stations’ which would serve as model […]

Summary of Guernsey Taxation

This document summarises certain key aspects of Guernsey taxation law for the calendar year 2019. Companies tax resident in Guernsey are subject to income tax on their worldwide income. A company is tax resident in Guernsey if: it is incorporated in Guernsey; it is incorporated outside of Guernsey but is “centrally managed and controlled” in […]

Leasehold market reform on a ground-breaking scale

By Karl Anders, Louise Power, Steve Nixon Walker Morris has monitored and periodically reported on the Government’s review of perceived unfairness within the leasehold market and the potential reinvigoration of commonhold as an alternative to leasehold ownership [1].  On 19 March 2019 the Housing Communities and Local Government Committee (HCLGC) published a report which offers wide-ranging and ground-breaking […]

Legislation in one minute: SIGI

By Pedro Simoes Coelho, Carlos Couto The real estate investment trusts (“SIGI”), approved by Decree-Law no. 19/2019 of January 28 (“DL 19/2019”), implemented in Portugal the Real Estate Investment Trusts . However, the national legislature allowed SIGI, in addition to the purpose of the lease, to pursue other forms of economic exploitation of immovable property. […]

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Property

Herbert Smith represented BAA Lynton on the 25-year lease of property at Gatwick Airport to British Airways’ franchise carrier GB Airways. The original terminal building will be used as GB Airways’ headquarters. The company will move into the building in May 2000. Shelagh McKibbin (pictured), a property partner at Herbert Smith, acted on the transaction […]

Loyens & Volkmaars unveils details of tie-up with Loeffs

Dutch firm Loyens & Volkmaars has revealed details of its merger with the Rotterdam office of Loeff Claeys Verbeke – the firm which was split apart by the decision of some of its partners to merge with Allen & Overy. Bert Westendorp, managing partner of tax specialist Loyens & Volkmaars, is set to become the […]

Court errors cost £84m

This was the public spending watchdog’s first review of the £9 billion criminal court system which examined how the Crown Prosecution Service, Home Office and Lord Chancellor’s Department interact. The NAO found nearly 750,000 magistrates’ courts cases each year have to be adjourned because of errors by participants. This can delay cases by more than […]

Top duo leaves 2 Gray's Inn Square

Common law set 2 Gray’s Inn Square has lost practice manager Paul Simpson and senior clerk Bill Harris. The departure of Simpson and Harris is understood to be the result of the Crown Prosecution Service’s (CPS) decision to cull its panel of prosecuting chambers. Several other sets have also lost a number of tenants or […]

Greenpeace in undersea fight

Greenpeace is urging Mr Justice Maurice Kay to rule in a High Court judicial review that the Department of Trade and Industry is under a legal duty to protect coral beds, whales, dolphins and other marine life from the effects of oil and gas exploration. Greenpeace claims the Government has failed to apply the EC […]

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