5 June 1995

Financing

Ashurst Morris Crisp acted for Bankers Trust as agent and arranger in connection with the provision of a syndicated £32 million term loan and revolving credit facility to Brickbuilt in connection with the acquisition of the brick-making business of Christian Salvesen.

Litigation Writs 06/06/95

Norfolk sweet manufacturers Sultans has launched a damages claim after a batch of Turkish delight was turned into a Turkish disaster by a fire. Sultans of Burrell Way, Thetford, Norfolk, is suing JJ and JA Humphry who trade as Cross Country Carriers of Elm Drive, Hessett, Bury St Edmunds for more than £750,000 compensation after […]

Property

Nabarro Nathanson acted for property group Clarke Nickolls & Coombs in its renewing of a letting agreement with the Department of the Environment for 52,780 sq ft in several buildings in Washington, Tyne & Wear. Combined rents total £335,000 pa, an increase of £85,000.

Fees talk tackles conflict of interest

John Malpas A CONDITIONAL fees seminar has been organised for barristers and clerks by an enterprising solicitor who claims the Manchester Bar is “way behind” in its understanding of the issue. The controversial new “no win no fee” agreement laid before Parliament by the Lord Chancellor shortly after Easter will have a major impact on […]

Forming unified opposition

With their local authorities facing an estimated bill of millions of pounds for litigation and for planning enquiries, residents in the Manchester area have good cause to breathe a sigh of relief over the tactics adopted by their civic leaders in a recent planning battle. The case, the subject of a recent ruling by the […]

Litigation Recent decisions 06/06/95

Agricultural land qualifying for tax relief Starke and anor v Inland Revenue Commissioners (1994). (CA (Stuart-Smith LJ, Morritt LJ, Ward LJ) 19/5/95). Summary: Farmhouse and buildings do not qualify for inheritance tax relief as agricultural property under s.116 Inheritance Tax Act 1984 (formerly Capital Transfer Tax Act 1984). Appeal from decision summarised below holding that […]

Dedication's what you need

Fiona Woolf Mention electricity and Fiona Woolf’s eyes light up. The woman rumoured to be McKenna & Co’s top fee-earner reels off a list of projects in parts of the world which would test the mettle of the most avid cartographer. When she agreed to get married four years ago, her husband thought he was […]

Law Soc plans lay-dominated SCB

A BLUEPRINT to beef up the powers of a reformed Solicitors Complaints Bureau has been drawn up by the Law Society amid warnings that the profession will fragment if selfregulation is taken out of its hands. A stronger, arms-length, lay-dominated complaints handling agency with the power to fine offending solicitors and recommend changes to practice […]

In brief: Hants solicitor new chair of WaterAid

Hampshire solicitor John Isherwood has been named as the new chair of the Council of WaterAid, the UK water and sanitation charity. Isherwood, a consultant with Barker Son & Isherwood is a founder trustee of the body and has served as chair of its overseas committee for more than four years.

Taking control of spending

After property, a computer system continues to be the single biggest purchase that a law firm makes. Careful appraisal and financial planning are vital when making IT purchases in order to check whether the product is suitable, feasible and acceptable. Suitability Does the proposed purchase fit in with the firm’s business strategy? If the strategy […]

Mandela to deliver IBA lecture in Johannesburg

SOUTH African president Nelson Mandela has been signed to speak at an International Bar Association conference in Johannesburg later this year. Mandela will deliver a lecture, ‘The Rule of law: cornerstone of economic progress’, to mark the 25th anniversary of the IBA’s Section on Business Law. His speech will conclude the conference, to be held […]

Labour courts controversy on MMC plan

LABOUR proposals to refer the legal profession to the Monopolies and Mergers Commission (MMC) and to establish multi-disciplinary partnerships (MDPs) will be thrashed out this weekend at the party’s National Policy Forum. The plans, part of a raft of proposals focusing on legal aid, the judiciary and the legal profession, have already caused debate in […]

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