NY real estate prices push firms into strategic mergers

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Latest Briefings

The meaning of occupation in the context of business rates

By Sophie Tracey, Lucy Shepherd In a decision that will be welcomed by property owners, a recent case has considered the meaning of ‘occupation’ in the context of business rates and has decided that the motivation for occupation is not relevant. Background Principled Offsite Logistics Ltd (POLL) applied for judicial review to challenge a local authority’s […]

Overage provisions helping landowners to ensure a fair price for its land

By Bhavesh Amlani, Michael Callaghan Overage provisions are a common feature of the development landscape, helping to ensure that a landowner receives a “fair” price for its land. Introduction Overage provisions give a landowner the right to receive a future payment following the sale of the property if the developer enhances the value of that property. […]

Luxembourg legitimising and embracing blockchain technology

By Bertrand Geradin What is the new securities law about? Since Bitcoin’s blockchain technology entered the mainstream, the crypto-currency market has boomed at an incredible rate. Blockchain – the underlying distributed ledger technology behind Bitcoin – has the power to disrupt many industries, and in particular to revolutionize the security of ownership. Luxembourg has opted to […]

CJEU allows full deduction of VAT on aborted transactions

VAT on abort costs in case of an unsuccessful takeover bid is deductible, provided the buyer intended to supply management services for consideration to the target company. This was ruled by the Court of Justice of the European Union (“CJEU”) in the Ryanair case (C-249/17) issued on 17 October 2018. Facts of the case Ryanair […]

Legal compliance matters to consider for E-Commerce market

By Jocelyn S Paulley The barriers to entry to the world of retail have reduced significantly with the rise of e-commerce. This is not a single route to market as the e-commerce world has developed its own structures, such as selling through aggregators, platforms, highly curated markets, as well as simply through a brand’s own […]

Recommended

Lawrence Graham drops PI practice

Lawrence Graham is turning its back on two partners and around £1m worth of fees in the closure of its defendant personal injury practice. Partners Elizabeth Carr and Stephen Phillips will take their biggest client Norwich Union and move to Morgan Cole‘s Croydon office. They will take a team of four assistants and two secretaries […]

Brief Encounter: Ozannes

Who would have thought that a Channel Island firm would have cropped up quite so often in The Lawyer IPO 2000 Survey? But Guernsey firm Ozannes did, making an appearance in the top 10 (albeit at number nine) of the league table charting which firms acted on the largest number of UK IPOs between January […]

2 Harcourt Buildings sets up mediation joint venture

Commercial law chambers 2 Harcourt Buildings is launching a contracted mediation scheme on 3 October, aimed at cutting the cost of resolving disputes within the construction industry. It is a joint venture involving a company called ResoLex, set up by the chambers of Roger Henderson QC and project management consultancy Symonds. Leading insurance company Aon, […]

Digest

Law Society president Michael Napier has declared the House of Lords’ decision to throw out the Criminal Justice (Mode of Trial) (No 2) Bill as a “great victory for human rights”. Had the bill gone through, it would have scrapped the right to trial by jury for “either-or” offences.

DESPA

A high level of direct investment and forward-funding activity from this German investment fund, particularly over the last 18 months, have made it one of Simmons’ most significant property clients. Better still, Simmons is the only English firm Despa uses. The relationship goes back to Despa’s first investment in the UK six years ago and […]

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