Real estate matters: updated rating, refurbishments and repair

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Related briefings

The number of regulators adopting a sandbox like FCA’s is likely to grow

By Christian Davison Further to our ‘Autumn Update Financial Services’ seminar on 26th September, Christian Davison, a trainee in our Corporate and Commercial team, comments on the FCA’s announcement of a global regulatory sandbox. On 7 August 2018, the Financial Conduct Authority announced the ‘Global Financial Innovation Network’ (GFIN). It is an extension of the FCA’s pioneering UK […]

Amendments in the property taxation is benefiting the buyers

By Dominic Cole The Express has commented on the data released by trade lending body UK Finance which demonstrates that the number of first time buyers in August was the highest monthly level since June 2017. Whilst this is not a particularly long time, it may demonstrate to the Chancellor that the changes to the taxation […]

Impact of mixed domicile marriages on estate planning

By Aidan Grant Mixed domicile marriages can have a significant impact on estate planning opportunities. For example UK domiciled spouses only have a limited spouse exemption when passing assets to their non-UK domiciled spouse. It may also mean navigating the choppy waters of double taxation relief as more than one jurisdiction seeks to claim taxing rights […]

Brexit lease drama

By Paul Henson Many of us suffer from Brexit fatigue these days and those working within the real estate arena tend to focus on how it might affect market sentiment as opposed to it having any legal implications. It is therefore surprising that a “nationally significant case” listed for January 2019 will consider whether Brexit has […]

Doctrine of proprietary estoppel is important in deciding court cases

By Aidan Grant This case shows that the equitable doctrine of proprietary estoppel can still play a significant role in deciding court cases, which runs contrary to the general idea of testamentary freedom. The doctrine provides that, where a person has been promised an interest in property and has, in reliance on it, incurred expenses or […]

Latest Briefings

New Act on the Control of Investments Detrimental to the Interests of Hungarian National Security

The Hungarian Government recently adopted Act no. LVII of 2018 on the Control of Investments Detrimental to the Interests of Hungarian National Security (the “Act”). Previously we wrote about a similar legislative proposal which aimed at establishing a similar control mechanism. However, the Act has a more sophisticated approach on the control and approval procedure […]

Health and safety at work in Romania: What companies need to know

Failure to take or observe the mandatory measures for health and safety at work may entail, among other types of liability (e.g. civil, administrative), potential criminal liability for employers. The Romanian Criminal Code (the “RCC”) provides for two offences which sanction such failure: i) failure to take the mandatory measures for health and safety at […]

Switzerland: Insolvency law, policy and procedure

By Daniel Hayek and Laura Oegerli Statutory framework and substantive law Swiss restructuring and insolvency proceedings are mainly governed by the Swiss Debt Enforcement and Bankruptcy Law (DEBA), which entered into force in 1892. A number of other laws and ordinances further regulate special aspects of restructuring and insolvency proceedings, such as specific provisions according to […]

Czech Republic: Office for the Protection of Competition gets tougher

In April 2018 the Office for the Protection of Competition adopted new guidelines on the method of setting fines for competition law infringements,(1) noting that the need for a revision of the previous guidelines had emerged in the wake of developing case law, as well as amendments to the Act on the Protection of Competition. The […]

FOS expansion to SMEs – near-final rules published

By Paul Gair The Financial Conduct Authority yesterday released its policy statement on SME access to the Financial Ombudsman Service (FOS), setting out its near-final rules for amending the compulsory jurisdiction to include new definitions for “small businesses” and “guarantors”. At the same time, it has released a new consultation paper detailing proposals for increasing […]

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Wragge Lawrence Graham & Co sews up design rights case for G-Star Raw

Wragge Lawrence Graham & Co’s brands and designs team has won a major design rights case for client G-Star Raw. The case, the first High Court design rights case in the fashion industry for years, concerned rights in G-Star’s successful ‘ARC pant’. Four members of the Rhodi group, which is behind the Voi jeans brand, […]

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WilmerHale’s revenue stalls at $1.1bn as PEP grows by 7 per cent

WilmerHale’s average profit per equity partner grew by 7 per cent in 2014, from $1.5m to $1.6m (£1.03m) even as the firm’s revenue stalled at just under $1.1bn (£712m). The figures demonstrate that the firm’s profit per equity partner has grown by 41.6 per cent over the past five years, since hitting the $1.13m mark […]

cayman beach offshore

Offshore M&A activity soars to record levels in 2014

M&A activity offshore rose to record levels in 2014, with aggregate deal value up 63 per cent compared to 2013 and deal volume at the third-highest in the last decade. Statistics compiled by Appleby show that deal value for offshore M&A rose to $277bn last year, up from $170bn in 2013. Aggregate deal value was […]

Indian communications services deal led by Khaitan & Co associate

Khaitan & Co advised Unify in relation to the acquisition, by Progility, of the entire shareholding of the Unify Group in Unify Enterprise Communications. Unify India is the Indian arm of the Unify Group, the global communications software and services company. Niren Patel, associate partner at Khaitan, led the transaction.

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