2019

14 August 2019

Forsters compete in the Wrenbridge World Cup

On 9 August 2019, Forsters travelled to Cambridge to take part in the annual Wrenbridge World Cup, which this year was in aid of Send a Cow, a charity that provides livestock to rural African communities in order to assist with the alleviation of poverty.

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22 July 2019

What will a no-deal Brexit mean for employers in the hotel sector?

With Boris Johnson confirming that he would be prepared to leave the EU on 31 October 2019 without concluding a formal withdrawal agreement, now seems like a good time to consider what a ‘no-deal’ Brexit would mean for employers in the UK hotel sector and their European workforce.

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15 July 2019

Forsters CRE Cricket Day

On Thursday 4th July, Forsters CRE Cricket Club ("FCCC") made the journey over to Kew for the department’s annual cricket day. Blessed with glorious weather and a fantastic pitch, client teams The Crown Estate, Canmoor and La Salle completed the lineup and precisely on time at 11:21 the first ball was bowled.

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12 July 2019

Wellness in the BTR Sector- roundtable résumé

On 4 July, representatives from arguably the majority of the UK’s BTR sector assembled at the offices of Ashurst for a roundtable to discuss “Beyond the Hype: The Real Importance of Wellness in the BTR Sector”. Here are some thoughts on a wide ranging discussion (held under Chatham House Rules).

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9 July 2019

New proposed on-site affordable housing requirement for central London hotels

Westminster City Council has launched its formal Regulation 19 consultation on its draft City Plan. This follows its informal Regulation 18 consultation at the end of last year which saw questions raised by the hotel industry and other property professionals over the viability and practicality of proposed on-site affordable housing as part of new hotels in Westminster.

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22 May 2019

The Power is back on

On a beautiful sunny evening on 21st May 2019, the Commercial Real Estate Legal Association (CRELA) hosted its latest event at Battersea Power Station (BPS) tracking its development and let me tell you, the Power is certainly back on at this iconic landmark.

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21 May 2019

International aspects to a nuptial agreement

When one or both parties to a marriage has a connection with another country in addition to England and Wales there are international considerations and implications to take into account. This could be because of where they live, their domicile or nationality, or where their assets are based.

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15 May 2019

Private Sector Funding for Cladding Replacement

While funding is already available for the removal and replacement of dangerous cladding on buildings owned by councils and housing associations, the owners and occupiers of private buildings were not originally included in the government's relief plans.

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3 May 2019

SDLT anti-avoidance

The decision in Hannover v HMRC – First- tier Tribunal - regarding the application of the anti-avoidance provision of section 75A FA 2003 has created uncertainty in the property industry.

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29 April 2019

Do nuptial agreements have a role in modern families?

Modern families take many forms. So-called nuclear families (with a husband, wife and two children to whom they are both biologically related) have become gradually less common, with a corresponding increase in the number of people entering into same-sex marriages or civil partnerships, marrying for the second or third time or choosing to remain unmarried.

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12 April 2019

Proprietary estoppel claims - lessons from recent case law

Promises are often made and later broken. Often there is very little anyone can do about this.  However, in certain circumstances, and specifically in relation to land or property, it may be possible to bring a claim to enforce a broken promise, known as a "proprietary estoppel" claim.

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8 April 2019

The time has come to consider blockchain-based trusts

I have been asked on a few occasions in recent years, 'should we put trusts on a blockchain?' My answer is invariably "no", as there is friction between the discretionary, flexible world of trusts and the fixed, certain world of blockchain-based smart contracts. Life assurance on a blockchain? Possibly. But trusts? That's a tricky one.

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8 April 2019

Inheritance in the Twenty-First Century

Michael Armstrong, Senior Associate in our Private Client team, has written an article for Charles Stanley’s series on inherited wealth. The article, reproduced below, explores how the increasingly free flows of data and people across the globe will affect the transfer of wealth to the next generation.

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1 April 2019

I spent all my years believing you, but I just can't get no relief

Entrepreneurs' relief is a valuable tool for business owners to minimise their tax payable on a disposal of the business or an interest in it. Applying to the first £10m of qualifying capital gains it reduces the rate of CGT to just 10%.

Pre budget 2018 the requirements for claiming the relief were that there was disposal by an individual (or in some cases a trust) of

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1 April 2019

A FLIP-ping fabulous affair

On Wednesday 27 March, associates and senior associates from across Forsters’ real estate teams hosted the first Future Leaders in Property (“FLIP”) event of 2019.

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19 March 2019

The Foodhall Revolution: A new wave of meeting and eating

Having a keen interest in the food and drink sector (from both a personal and professional perspective!), on Tuesday 5 March, I attended the LPF seminar on “Foodhalls – The New Growth Market”. The evening, which was hosted by Cushman & Wakefield, opened with a presentation outlining the current market, the components of a successful foodhall and the different models in use.

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13 March 2019

Court U-turn in approach to “out of time” Inheritance Act claims

Shortly after Mr Justice Mostyn rejected an application to bring a claim under the Inheritance (Provision for Family and Dependants) Act 1975 outside the statutory six month time-limit, the Court last week allowed a claim to be brought under the Act some 25 years and nine months after the deadline for doing so.

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12 March 2019

The landlord perspective on CVAs: 4 takeaways

On Thursday 28 February, Kathryn Copeland, associate in our Commercial Real Estate team, attended a BPF seminar on the impact of Company Voluntary Arrangements (“CVAs”) on landlords. The panel discussion reflected on practice to date following the rapid increase in CVAs in 2018, as well as the future of CVAs and the BPF's thoughts on reform.

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11 March 2019

Business rates savings schemes are proper and lawful

In a Judgment dated 7 March 2019, the Court of Appeal has held that 2 similar schemes designed specifically to avoid the owners of unoccupied properties being liable for business rates are perfectly valid and lawful. Such schemes do not stand to be treated any differently from tax avoidance schemes commonly used to avoid or mitigate any other form of taxation, such as income or corporate or inheritance tax.

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8 March 2019

International Women's Day 2019

Forsters is delighted to celebrate International Women's Day 2019. As a firm, we are committed to seeing each and every one of our people realise their potential in a diverse and inclusive working environment and are delighted to take this opportunity to celebrate the success of women at all levels of the firm.

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8 March 2019

Statement of changes in Immigration Rules - Implications for Tier 1 (Investor) Visa applicants and holders

On Thursday 7 March, the Home Office released its Statement of Changes setting out proposed changes to the UK Immigration Rules. It contains the long-awaited details of changes to the Tier 1 (Investor) Visa (the "Investor Visa") that were announced in December 2018 (shortly after the Home Office backtracked from its announcement that the visa was about to be suspended).

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28 February 2019

Time called on stand-still agreements in Inheritance Act claims?

This week’s judgment in Cowan v Foreman and ors [2019] EWHC 349 provides guidance as to the court's jurisdiction pursuant to section 4 of the Inheritance (Provision for Family and Dependants) Act 1975 (“IPFDA”) and condemns the use of stand-still agreements. In this case the court refused to exercise its power to allow a widow to bring a claim against her late husband’s estate under the IPFDA outside the statutory six month time-limit.

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20 February 2019

Landlord wins in Canary Wharf Brexit Frustration Case

The High Court has ruled that a lease will not be frustrated on the withdrawal of the United Kingdom from the European Union.

The High Court's nervously anticipated decision in the case of Canary Wharf (BP4) T1 Limited and Others v. European Medicines Agency [2019] EWHC 335 (Ch) has been handed down today.

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18 February 2019

Tips on how to bring up the topic of nuptial agreements with your partner

The prospect of discussing nuptial agreements with your partner may seem daunting but if approached in the right way it can form part of an open and honest conversation about your future together. From our experience, when the subject is brought up sensitively, your other half will most likely welcome the opportunity to discuss finances and to provide greater certainty for the future.

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18 February 2019

Multi-Storey Sheds – The Only Way is Up?

Goodman Group has announced that it has acquired a 9.5 acre site in Park Royal for around £70 million. This is an interesting acquisition as it represents the highest price per acre ever for an UK industrial land acquisition. However, Goodman’s plans for the site are perhaps even more intriguing.

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11 February 2019

Co-working: the future for office space?

On 27 October 2018, a number of Forsters’ associates attended a Women in Property seminar held at Coutts. The seminar discussed co-working and considered the question, “Flash in the Pan or Here to Stay?”

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11 February 2019

The benefits of signing a nuptial agreement

However many years you have been together, financial conversations can be difficult. Raising the subject of a nuptial agreement with your partner requires you to be sensitive, rational and honest. The good news is it can help you to build trust as a couple and can underpin your relationship. You can begin your future together by being open and honest about difficult subjects.

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7 February 2019

Retail real estate- getting into shape

On Thursday 31 January, BNP Paribas hosted its annual “Capitalise: Prospects for Property” seminar. On a crisp London winter morning, hundreds flooded into the National Gallery to hear expert views on the global economy, politics and the current state of UK real estate.

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5 February 2019

Honesty is the Best Policy – 5 take-aways from the WPA Good Growth Seminar

If One Heddon Street is the Crown Estate's first adventure into co-working flexible office space, then this market is in for a treat in the years to come. From the vibrant ornaments/flowers outside, cute café in the entrance, lush living wall and delicious #daisygreencollection coffee presented in a very fashionable #louisedear style cup, I knew I was in for a treat this morning.

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4 February 2019

An introduction to nuptial agreements

Engagements and wedding planning are joyful and heart-warming experiences and too often any talk of a pre-nup is viewed as being at odds with this special time. But mind-sets are changing with more and more couples signing nuptial agreements, valuing the certainty and financial transparency that such an agreement brings and rejecting the notion that nuptial agreements are unromantic.

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31 January 2019

New Year, New Disclosure!

We are now a month into the Disclosure Pilot Scheme (the “Pilot"), which came into force on 1 January 2019. The Pilot will operate (with limited exceptions) for two years in various Business & Property courts around the country and seeks to revolutionise the way parties deal with disclosure in proceedings; standard disclosure is no more!

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30 January 2019

London’s Knowledge Clusters

A gloriously crisp January morning saw me donning my very attractive cycling gear and speeding down to Kings Cross to attend a breakfast seminar to unpick the key themes behind the recently published London Knowledge Clusters Research Report.

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8 January 2019

Charities and real estate – what do you need to know?

Charities might wish to acquire or sell property for a number of reasons; to occupy, as offices or shops, or for investment purposes in the furtherance of its charitable aims. When entering into a real estate transaction the charity trustees will need to ensure they comply with the terms of the charity’s constitution as well as statutory requirements set out in the Charities Act 2011.

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"They are very competent and very experienced contentious trusts solicitors, with a number of partners who are experienced in this field. They take a sensible approach to litigation."
Chambers UK, 2017
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