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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

Flotations & Financing

Keith Thomson of Linklaters led the team which advised on a placing and open offer of £250m-worth of subordinated convertible bonds due in 2004, issued by Airtours, which was represented by Richard Lee at Addleshaw Booth & Co.

The Lawyer boosts its coverage

The Lawyer is boosting its requested circulation from 18,000 to 25,000 and undergoing a major editorial revamp as part of ongoing expansion. The circulation hike means that the paper will now reach every in-house lawyer in commerce and industry. There are now nine pages of news instead of five, three news analysis pages and a […]

Property

The Greenalls Group and Nomura International have agreed to sell their entire franchised and tenanted estate to Tudor House Acquisitions. The total purchase price is £370m. Greenalls was advised by Travers Smith Braithwaite with partner Simon Jay leading the corporate team. Nomura was advised by Clifford Chance, led by David Pearson.

Setting standards for Bar practice

Sir Winston Churchill said that an optimist was someone who found the opportunity in every difficulty. I declare myself an optimist about the kite-marking of chambers management and administration. In 1999 the Bar will introduce a kite-marking system based on its existing Practice Management Standards (PMS). The kite mark will have British Standard or similar, […]

PwC plots City firm takeover

The world’s biggest accountancy group, PricewaterhouseCoopers (PwC), is understood to be planning to buy a medium-sized City law firm this year as part of its plans to be a top five international law firm. Gerard Nicolay, global leader of PwC’s legal network, says he wants the group’s London practice to have 400 to 500 lawyers […]

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