Overseas companies owning UK property to disclose owners’ details

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Can commonhold be reinvigorated?

By Michael Callaghan and Melissa Barker The Law Commission has issued a substantial consultation seeking to improve the manner in which the commonhold system operates and to persuade existing leaseholders to move to a commonhold structure. Background Commonhold is an alternative to long leasehold ownership of property. Instead of a landlord and a number of tenants, […]

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By Simon Clark, Gawain Moore According to a recent case, Zinc Hotels (Investment) Limited and others v Beveridge and others [2018] EWHC 1936 (Ch), the court does not have power to appoint additional administrators except within the constraints of paragraph 103 of Schedule B1 to the Insolvency Act 1986. Where administrators are appointed out of court by the […]

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New York

Cravath dealmaker exits for Kirkland

Cravath Swaine & Moore is to lose one of its biggest M&A rainmakers to Kirkland & Ellis’ New York office.

Eric Schiele, who has been a partner at Cravath for over a decade, has been a lead partner on some of the firm’s largest M&A deals.

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