Creating a lifestyle property
As the effects of COVID-19 continue to be felt, luxury homes are increasingly being adapted to accommodate our new lives but the need for relevant planning permissions must not be overlooked.
Read moreAs the effects of COVID-19 continue to be felt, luxury homes are increasingly being adapted to accommodate our new lives but the need for relevant planning permissions must not be overlooked.
Read moreThe case of Altera Voyageur tells us that although getting the drafting 100% accurate should still be the quintessential goal, a worked example may help inform the parties (not to mention the Courts) of the intention of those involved.
Read moreJust how much SDLT might you pay on your dream house in the country from which to shelter from COVID-lockdown 3, 4 or n-squared?
Read moreFurther to our update in September, last week the government announced that it will be further extending the forfeiture moratorium deadline, as well as the timeframe on restrictions on a landlord’s right to exercise CRAR and issue winding up petitions.
Read moreAlthough the Oxford Covid vaccine currently looks promising, it seems as though the Covid-19 pandemic will have long lasting implications for the way we work and live. As a result, the housing market has seen a shift of emphasis towards additional living space requirements and moves out of central London.
Read moreIf escaping to the country by the relocation of a family home or main residence is taken as a given during these turbulent times, will we see a rise in demand for serviced apartments and specifically, luxury aparthotel rooms in London and the UK’s other principal cities, in the immediate to short-term?
Read moreIt’s been a while coming but Crown preference made its return on 1 December 2020, changing the order in which creditors will be paid in an insolvency situation. For almost 20 years, HMRC hasn’t received any special treatment when it comes to insolvency pay outs but is the change really that radical or have we just picked up where we left off?
Read moreThe recent Court of Appeal case of Hillside Parks Ltd v Snowdonia National Park Authority [2020] EWCA Civ 1440 has cast a question mark over the lawfulness of drop-in planning applications.
Read moreShare registers are truly vital for title - and are used and scrutinised at key points in your business’ life cycle. Basic mistakes may have an easy fix – but serious mistakes can be expensive to correct and require court action, as was seen in a case earlier this year (Boston Trust Company Ltd v Szerelmey Ltd [2020] EWHC 1352 (Ch)).
Read moreAny legal structure incorporating family governance principles will be a hybrid of elements from corporate governance but with flexibility that is not possible in a truly commercial context; rigid structures and families rarely go together. The most successful governance structures have a level of transparency and include the wider family members within a framework of tried and tested corporate governance mechanisms.
Read moreFollowing the numerous legislative changes to the planning system this year, and the widely talked about White Paper 'Planning for the Future', the Government has launched a consultation on various revisions to the permitted development rights regime, with a particular emphasis on delivering new housing and supporting public service infrastructure through the planning system.
Read moreIn our brand new podcast, 'Breaking Good', hosted by comedian Marcus Brigstocke, the Forsters Family team looks at 'rethinking separation and divorce' and demystifying aspects of the process in an informative and entertaining way.
Read moreThe fate of many businesses will be decided over the coming weeks as the Supreme Court considers whether business interruption insurance policies must pay out in respect of losses suffered by businesses as a result of the first lockdown.
Read moreOn 17 November 2020, Lord Justice Lewis and Mr Justice Holgate dismissed the Judicial Review challenge to the government’s recent changes to permitted development rights and use classes on all grounds.
Read moreIn a move that will no doubt be of benefit to many businesses, the Government has recently confirmed that following the end of the Brexit transition period (midnight on 31 December 2020) the UK will continue to make the EMI available to qualifying small- and medium-sized enterprises.
Read moreWith corporate activity starting to increase, we thought it would be useful to consider some of the key employment aspects that can arise on a corporate transaction.
Read moreEmployment Senior Associate, Joe Beeston, provides a comprehensive overview of the Coronavirus Job Retention Scheme's extension and what it means for employers and employees.
Read moreDirectors of English companies are subject to a myriad of duties with which they must comply. What practical steps can directors, both individually and collectively, take to ensure their compliance? New guidance aims to help with that question.
Read moreSetting up a new business is a stressful time and deciding on the correct structure may not be at the top of your list. But, a recent judgment of the High Court serves as a reminder of why getting your business structure right at the outset is critical.
Read moreIt's easy with hindsight to see how a word with more than one possible interpretation may result in a dispute. A recent Court of Appeal decision serves as a helpful reminder to ensure that your contracts are clear if you want to be certain that a particular interpretation will be applied.
Read moreThe Winter Economy Plan, launched by the Government on 24 September 2020, contains several measures designed to support businesses throughout the current coronavirus pandemic, including the extension of the Government-backed loan schemes.
Read moreThe Dutch STAK foundation can be used for a variety of both charitable and commercial purposes, including by family offices to assist with estate planning and asset protection. Although use of a STAK foundation in any structure will necessitate the obtaining of Dutch legal advice and we strongly advise taking Dutch legal advice if you are considering this as an option, this summary explains their key characteristics.
Read moreThe issue of sustainability for the charitable sector takes many guises, including in the way in which charities invest funds, but also in the activities which charities undertake and, by implication, fund. Sustainability as a theme can be observed through a number of different lenses and I deal below with the investment of funds and charitable activities in this context.
Read moreRecent case law has shown that the devil is in the detail when notifying a party to a share purchase agreement of a potential claim under that agreement. It’s long been a principle of English law that a potential defendant in litigation has the right to some certainty, without the spectre of litigation looming indefinitely in respect of historic events or disputes.
Read moreA recent BVI case has shown that the Duomatic principle, which allows shareholders to informally approve a company’s actions provided they act unanimously, can apply even where actual authority has not been granted and where the ensuing action by the company is against the best interests of the shareholders.
Read moreThe EU Fifth Anti-Money Laundering Directive (5AMLD) was enacted into UK law with effect from 10 January 2020. It requires art businesses to put in place systems intended to prevent their potential use in money laundering or for various other offences (in addition to those systems already required under the Proceeds of Crime Act 2002).
Read moreThere are, sadly, huge numbers of separated parents whose children are the subject of a 'Child Arrangements Order', being an order of the Court specifying with whom the child lives or spends time. The Covid-19 pandemic has exacerbated tensions amongst parents who must abide by such an order.
Read moreThe Money Laundering and Terrorist Financing (Amendment) (EU Exit) Regulations 2020 were laid before Parliament on 15 September 2020. Among other things, this statutory instrument (SI) implements the new Trust Registration Service (TRS) rules, as extended by the EU's Fifth Money Laundering Directive, which came into force on 10 January 2020. It is expected that the SI will be implemented as drafted.
Read moreWe understand that dealing with separation and divorce can be highly sensitive and emotion-charged at the best of times. The COVID-19 pandemic may have added to your concerns, with additional complications to your personal circumstances or you may have additional questions on how best to start the divorce and separation process. The Forsters Family team are on hand to guide you through the best options available to you in the current circumstances and can do so in the way that is comfortable for you.
Read moreLaura Williamson, Senior Associate in our Commercial Real Estate team, looks at The Chancery Lane Project - a pro bono collective effort by lawyers to develop new drafting for contracts and laws to help fight climate change. Forsters are supporting the project.
Read moreOn Tuesday 22 September 2020 Commercial Real Estate Senior Associate, Anthony Goodmaker attended the virtual Student Housing Conference 2020, together with Partner, Ronan Ledwidge. The overall message from the many speakers was one of positivity and optimism – Anthony highlights his 5 takeaways from the event.
Read moreLast week, the High Court handed down its judgment in the much publicised COVID-19 business interruption insurance test case, which was brought by the Financial Conduct Authority (FCA) on behalf of policyholders, the majority of which were small- and medium-sized enterprises. While the ruling has been hailed a success for policyholders, the extent to which insurers will have to pay out under such policies is still an unknown and the devil will certainly be in the detail.
Read moreDispute Resolution Senior Associate, Caroline Harbord discusses the implications of the emerging FinCEN scandal. What is most startling about the scandal is that over 2,000 suspicious activity reports (“SARs”) were filed by banks (this number is apparently only the tip of the iceberg) whilst the practices forming the subject matter of the SARS were still permitted to continue.
Read moreThe Government has announced that the current legislation which prevent landlords from forfeiting commercial leases, or levying execution on the tenant's goods by way of CRAR to recover outstanding rent, will be extended from 30 September 2020 until 31 December 2020 to provide further protection for tenants who have not paid their rents or other sums due under their leases.
Read moreHow do you value a company that has seen its fortunes change significantly – for better or worse – as a result of the coronavirus crisis? Much has been written about this and it has even spawned the new (and at first widely disparaged) acronym “EBITDAC”, the C of course standing for coronavirus.
Read moreWe reported in June about changes to the residential possession procedure as a result of the Covid-19 pandemic. Last week the government implemented further changes and Property Litigation Associate, Sarah Heatley, takes a look at the current rules.
Read moreMany businesses are currently looking at their profitable (and not-so-profitable) parts and wondering which could be bundled up and sold. A precursor to any such sale may well be a preliminary intra-group reorganisation. Understanding the tax (and corporate law) aspects prior to making any decisions about a reorganisation is key.
Read moreThe Government has announced that it will introduce a temporary change in the law to allow wills to be witnessed using video technology during the coronavirus pandemic. It is set to come into force in September, but will apply retrospectively to wills executed from 31 January 2020. This article outlines the relevant law and the planned changes, along with some high-level guidance for those who may have to rely on the new rules in the absence of being able to execute a will in the normal way.
Read moreOn 17 July 2020, the Office of the Public Guardian (the "OPG") launched its online service "Use a lasting power of attorney". This service enables attorneys to prove their status to service providers, such as banks or health care providers, by providing them with online access to a summary of the relevant lasting power of attorney (LPA).
Read moreThe recent case of Re A&C Restoration LLP (Manolete Partners plc v Riches) [2020] EWHC 1404 (Ch) has reconfirmed that directors’ duties can be applied to designated members of LLPs, and also serves as a useful reminder of how these duties are altered in the event of insolvency.
Read moreThis article focuses on some of the key proposals within Planning for Beautiful and Sustainable Places.
Read moreThe Government has published its White Paper setting out far reaching proposals to reform the planning system with the aim to simplify, speed up and create more certainty in the planning process. In what is arguably one of the most radical proposals the White Paper puts forward, there is proposed a new 'Infrastructure Levy,' to replace both the existing planning obligations under s106 and Community Infrastructure Levy.
Read moreBuying a residential property is usually one of the most significant investments a person makes in their lifetime and is generally viewed as a safe long term investment. An understanding of the process can help facilitate a smooth transaction and keep costs down.
Read moreOn 30 July 2020, the UK Government announced changes to the government-backed Coronavirus Business Interruption Loan Scheme (CBILS) following the European Commission’s amendments to the "Temporary Framework for State aid measures to support the economy in the current COVID-19 outbreak" (EU Temporary Framework). These changes effectively mean that more SMEs will be able to borrow up to £5 million under the CBILS than previously.
Read moreA question which has been considered by many landlords, tenants and advisors over the past few months but for which we now have the answer courtesy of HMRC.
Read moreThe Town and Country Planning (Use Classes) (Amendment) (England) Regulations 2020 (SI 2020 No.757) were introduced by the government on 20 July, and take effect on 1 September 2020. The new Regulations make radical changes to the 1987 Use Classes Order. These changes sit alongside the recent additions to permitted development rights, forming part of the government’s “Project Speed”, with the aim being to support the high street revival and allow greater flexibility to change uses within town centres without the need for express planning permission.
Read moreAs the independent review into residential properties built under existing permitted development rights is published, the government has introduced three new statutory instruments (coming into effect in September 2020) further amending both permitted development rights and the use class system, to 'deliver much-needed new homes and revitalise town centres.'
Read moreThe Government has now published its response to the technical consultation on the implementation of the Fifth Money Laundering Directive (5MLD) and the Trust Registration Service (TRS). The TRS consultation ran from 24 January until 21 February 2020 and responses were received from a range of stakeholders including Forsters LLP.
Read moreThe Law Commission has today published its three final reports on leasehold reform and the future of home ownership. Their recommendations about leasehold enfranchisement and the right to manage are aimed at improving the existing system of leasehold ownership, whilst the third report about commonhold seeks to create a viable alternative to leasehold ownership, with a view to its widespread use in the future.
Read moreThe Law Commission has published its three key proposals for home ownership reform today with a view to re-invigorating the largely ignored form of commonhold ownership. The three reports which deal with enfranchisement, right to manage and commonhold tie in with the Government’s aim to make home ownership in the UK fairer and transparent.
Read moreA much needed boost to the hospitality sector was announced by the Chancellor Rishi Sunak as part of his mini-budget on 8 July 2020.
Read moreArguably the greatest change suggested by the Law Commission is their recommendation that commonhold become the preferred alternative to leasehold ownership. This would be a huge change to the status-quo given that many practitioners will never have come across commonhold.
Read moreIn this article we consider the proposed reforms to the right to manage (“RTM”) regime which is a right for leaseholders to take over the management of their building without buying the freehold.
Read moreLike all businesses, rural estates and property owners are suffering from the coronavirus-induced economic slowdown. They should, therefore, continue to make the most of the economic support available from the government.
Read moreThe pandemic has brought about numerous challenges for employers and with the continued easing of lockdown measures, it is unlikely that these will disappear anytime soon. As businesses re-open and staff begin to return from furlough leave, employers will need to consider various issues. Employment Senior Associate, Joe Beeston's article considers some of the key employment law and health and safety issues in this area.
Read moreOn 7 July Forsters and UK Israel Business hosted an online Real Estate Breakfast event to discuss the impact of COVID-19 on the commercial and residential UK markets, with particular regard to investments, development and financing.
Read moreOn Thursday 9 July 2020, I attended Bisnow’s webinar Driving Change Collectively: The Beginning of Sustainable Neighbourhoods, where the discussion centred around how landlords and tenants can work together to create a more sustainable built environment.
Read moreThe widely anticipated Corporate Insolvency and Governance Act 2020 (“CIGA”), having been rushed through Parliament, came into force on 26 June 2020, with certain temporary provisions having retrospective effect (as outlined below). With provisions spanning both commercial and insolvency issues, Banking and Finance Partner, Rowena Marshall, summarises the key insolvency-related points of CIGA and explains their potential impact on lenders and borrowers.
Read moreThe long awaited Corporate Insolvency and Governance Act 2020 (“CIGA”) is now in force, having received Royal Assent on 25 June 2020. It introduces certain measures (some of a temporary and some of a permanent nature) to assist businesses in navigating the current landscape. In this note, Naomi Trinh considers the commercial impact of some of its provisions.
Read moreAs a result of COVID-19, many businesses have been forced to stop trading during the lockdown or have changed the nature of their activities. Aside from the commercial aspects of a change in business activity, various tax implications may also arise, including the business’ ability to carry forward losses.
Read moreGiving a speech on 30 June 2020, Boris Johnson declared the UK government’s intention to deliver “the most radical reforms of our planning system since the end of the second world war” as it attempts to offset the economic impact of the coronavirus pandemic.
Read moreFamily Partner, Simon Blain's comments on the case were quoted in Eprivateclient's article: Supreme Court sides with wife in Villiers divorce battle meaning maintenance order will be granted in England instead of Scotland and Solicitor's Journal.
Read moreThe recent Supreme Court case of Dill v Secretary of State provides an important decision as to whether a Planning Inspector of a listed building enforcement case can decide whether an item which has been expressly included on the statutory list is in fact a 'building' and the criteria for determining whether an item listed in its own right does constitute a building for these purposes.
Read moreThe logistics sector could be forgiven for becoming complacent due to the seemingly never-ending demand for prime warehouse space (by way of an example and as reported in the property press, Amazon has already acquired more warehouse space in the UK in 2020 than it did in the entirety of 2019, and is on course to take more than the 5 million sq ft of space it did in 2018).
Read moreHead of Contentious Trusts and Estates, Roberta Harvey, and Private Client Partner, Fiona Smith write for ePrivateClient on DIY wills.
Read moreThe government has announced that all planning permissions due to lapse through lack of implementation, as a result of the COVID-19 pandemic and lockdown measures, will be automatically extended.
Read moreWith businesses and companies trying to return to normal economic life and activity, I consider in this piece some matters that companies may be overlooking when making distributions and in their intra-group transactions.
Read moreOn 19 June 2020, the Government published the Code of Practice for commercial property relationships during the COVID-19 pandemic (" the Code"). The Code was drafted by a Working Party comprising landlord and tenant representative bodies.
Read moreThe pandemic has brought about numerous challenges for employers, which will continue as lock-down measures start to ease. As businesses re-open and staff start to return from furlough leave, employers will need to ensure that they have appropriate health and safety procedures in place having regard to the ever changing government guidance.
Read moreAs we move into a period where restrictions are eased and businesses and workplaces are reopening, and furloughing will start coming down, many business owners and their employees will be navigating the challenges of returning to work and the business decisions and costs that go alongside that. We have set out, below, a summary of the government-backed loan schemes available to businesses to support industry as we collectively work towards a "new normal".
Read moreThe government has announced a number of changes to the Coronavirus Job Retention Scheme (the “Scheme”). The extension to the Scheme has been welcomed by employers, but the practicalities of operating it are becoming increasingly complex.
Read moreAs the deal market starts to pick up and buyers, sellers, investors and advisors engage in discussions for new deals, what might be different now in negotiating your M&A deal?
Read moreThe traditional family office has been focussed on wealth management, family governance and philanthropy. The family office of the future will serve single or multiple families and, alongside exercising the traditional role of wealth preservation, will continue to expand its reach into ever broader areas.
Read moreWith substantial sums still outstanding for the March Quarter, landlords face an even tougher battle collecting rents for the coming June Quarter. This Guide looks at the options likely to be available in light of Government action to date and future likely restrictions.
Read moreWhile the deal market may have slowed, business leaders, commentators, business owners and investors expect that deals will start again (albeit perhaps not in earnest until Q4 this year) and indeed need to start again as M&A is a powerful driver of the economy and innovation.
Read moreBanking and Finance Partner, Simon Collins, discusses the recent case of Borwick Development Solutions Ltd v Clear Water Fisheries Ltd [2020] EWCA Civ 578.
Read moreWe have already reported about the extension implemented by the Coronavirus Act 2020 to the length of notice that most possession notices and notices to quit must give before possession proceedings may be started.
Read moreThe implementation of the Common Reporting Standard (CRS) and other data exchange regimes means that HMRC have received, and will continue to receive, substantial information about the global tax affairs of persons with connections to the UK.
Read moreFollowing the publication of the proposed Corporate Insolvency & Governance Bill ("the Bill") on 20 May 2020, the Government then issued a Press Release on 29 May 2020 announcing its intention to introduce a Code of Practice by 24 June 2020 to provide landlords and high street business tenants with clarity and reassurance over rent payments.
Read moreOur Private Client solicitors provide a practical checklist for the post-Covid world.
Read moreEven before lockdown, advisers were helping companies navigate the Wates Corporate Governance Principles and many companies had received B Corp certification worldwide as governance, purpose and values rose to the top of the business agenda and debate.
Read moreWith the bright lights of city living suddenly dimmed, the fresh air and open spaces of the countryside have never felt more attractive. Private Client Partner, Henry Cecil and Associate, Henry Vane discuss crucial considerations for moving to the country.
Read moreNow, more than ever, companies need to consider and put in place a business continuity strategy. Leaving a business rudderless or having to deal with complex continuity issues will, at best, take up management time and cause distress at a time when emotions may be running high and at worst, could result in the failure of the business.
Read moreIn an effort to mitigate the economic impact of the Covid- 19 pandemic while still seeking to limit the spread of the virus, the Government has announced that most non- essential shops, department stores and shopping centres will be allowed to reopen in June 2020.
Read moreThe Corporate Insolvency & Governance Bill ("the Bill") was laid before Parliament on 20 May 2020. It follows on from the Government's Press Release of 23 April 2020 and it is due to be discussed next in the House of Commons on 3 June 2020.
Read moreThe UK has moved to a new lockdown phase following Boris Johnson's statement on 10 May and subsequent government guidance. We summarise the key points for rural estates.
Read moreIt’s hard to keep up: barely a day goes by without another change to government guidance or policy being made. This article summarises the recent key changes which employers should be aware of.
Read moreThe EU Fifth Anti-Money Laundering Directive (5AMLD) has been enacted into UK law with effect from 10 January 2020, with the exception of proposed changes to the Trust Registration Service (TRS).
Read moreGood news for those looking to progress with planning, listed building and environmental impact applications in the lockdown period, as the government announces temporary regulations to enable publicity requirements to be achieved online with an emphasis on flexibility.
Read morePreviously, moving house was only permitted where "reasonably necessary" and parties were strongly encouraged to delay completion where the property had not been vacant. This position has been relaxed and transactions can broadly go ahead as normal, unless parties are self-isolating or symptomatic.
Read moreThe increase in the use of loans issued by the Public Works Loan Board (PWLB) by local authorities in recent years has been well documented, with Councils borrowing billions of pounds at low rates of interest to fund investment in commercial real estate across the UK.
Read moreThose in the leasehold world have been waiting with bated breath for the Supreme Court's Decision in Duval v 11-13 Randolph Crescent Ltd. [2020] UKSC 18 (6 May 2020) ("Duval") to provide guidance on a landlord's liability when granting consent to leaseholders to carry out structural alterations.
Read moreGiven the unprecedented events of recent weeks, it is perhaps fair to say that data law compliance has not been at the forefront of most employers’ minds.
Read moreThe ongoing COVID-19 pandemic continues to have a devastating effect on the hotel industry, with some commentators suggesting that it could take upwards of five years for the sector to fully recover. What are the key legal issues hoteliers should consider during these uncertain times?
Read moreGiven the numerous obligations and liabilities heaped upon trustees, many will be wondering what they should be doing during this Covid-19 crisis whilst it is not business as usual.
Read moreWhilst practices and procedures which will need to be adopted will be driven by government guidance (initial drafts of which have recently been circulated) and it is clear that restrictions will be lifted gradually and not anytime soon, it is still worthwhile for employers to start thinking about the practicalities of life after ‘lock-down’ and how they will bring staff back to work.
Read moreMany of us are privileged and are able to work from home during the current crisis. However, there are a number of fiscal consequences and your tax return may look a little different next time as a result of this prolonged period of WFH.
Read moreThe government has committed to achieving net zero carbon emissions by 2050 and has made it clear that the financial services play a key role in supporting this by financing the 'greening' of the economy.
Read moreThe coronavirus pandemic has, without a doubt, reshaped our personal and professional lives. All industries and sectors have been affected in one way or another and are responding in different ways. Some areas of the hotel industry have taken steps which no-one could have foreseen just a few months ago.
Read moreThe art industry, like most other industries, is not immune to the effects of the coronavirus. It is important for galleries, dealers, museums, auction houses, and other art businesses to consider the employment issues arising as a result of the pandemic. This is no easy task, especially when guidance and regulations are being introduced and changed at unprecedented speed.
Read moreWith a little thought and willingness to try new processes, private companies can continue to function in a lockdown situation.
Read moreHM Revenue & Customs (HMRC) has temporarily relaxed the public access requirement for Conditional Exemption, and urged the owners of heritage property to follow the restrictions now imposed by the UK government on business operation and public movement due to the Coronavirus outbreak.
Read moreLandlords seeking to recover rent from their commercial tenants were dealt a further blow on 23 April 2020 when the Government announced further measures to protect commercial tenants during the lockdown period.
Read moreThe guidance for employers and employees relating to the Coronavirus Job Retention Scheme (the ‘Scheme’) has now had several iterations. The Chancellor has issued the Treasury Direction (the ‘Direction’), which sets out the Scheme’s formal legal framework, and announced an extension to the Scheme until the end of June 2020. The HMRC on-line portal for making claims is now open. With so many moving parts, we thought it would be useful to answer some frequently asked questions in relation to the Scheme.
Read moreWith one third of the global population living under lockdown, we are witnessing the dawn of a new, and hopefully temporary, normal. We are all having to adapt to significant changes to our daily lives, social interaction and the operation of our businesses.
Read moreIn an effort to attract and retain those with expertise in fields that may help in fighting COVID-19 in the UK, the Chancellor has announced that the statutory residence test (SRT) will be relaxed for certain individuals for the period 1 March to 1 June (although the duration of the concessionary period will be kept under review).
Read moreThere are currently three government-backed funding schemes available to businesses:
Read moreAccording to the British Art Market Federation, the UK arts and antiques market is comprised of nearly 8,000 businesses, providing direct employment for over 41,000 people. It is the third largest in the world with over a 20% global share and, therefore, a significant sector in the UK economy.
Read moreHer Majesty's Revenue and Customs (HMRC) published guidance on 9 April on the implications of COVID-19-related travel restrictions on a company's residence status. Such travel restrictions may force directors or employees to be present in the UK when they would not be here under normal circumstances. This situation raises concerns as to whether a foreign company may become resident for tax purposes in the UK because the central management and control (CMC) of the company might be considered to have moved here.
Read moreSince 26 March 2020 when we last surveyed how mediation, arbitration and litigation were being conducted in the current circumstances, matters have evolved at a rapid pace, particularly in the English court system. We have seen unprecedented use of technology as the courts focus on getting business done as usual so far as possible.
Read moreDespite stimulus packages from the Government, it unfortunately seems inevitable that a large number of businesses will enter liquidation in the short and medium term as the economic impact of the COVID-19 pandemic is felt in nearly every sector.
Read moreThe discussions regarding the replacement of the London Interbank Offered Rate (LIBOR) by the Sterling Overnight Index Average (SONIA) have been overshadowed somewhat by the COVID-19 pandemic, but despite the current challenging environment the Financial Conduct Authority (FCA) has emphasised that it is still focused on the change.
Read moreMany tenants (particular those in the retail and hospitality sectors- but also a considerable number of office and industrial tenants) are not paying their rent in full or, in many cases, at all. Some of these tenants are major companies (such as JD Sports and WH Smith) who one would think could afford to pay. According to press reports, only 48% of commercial rents had been paid for the March 2020 quarter by the start of April.
Read moreIn times of growing economic uncertainty business owners will face numerous commercial and strategic challenges. Ultimately, this may result in corporate restructuring or asset and business sales in order to manage liquidity or in more serious cases, protect parties from insolvency.
Read moreIn the recent case of Athena Brands Ltd v Superdrug Stores Plc [2019] EWHC 3503 (Comm) the courts held that a binding contract was made by a simple exchange of emails between parties. The case highlights the importance of businesses following internal policies when discussing and negotiating purchase agreements and being very careful when negotiating and discussing potential orders by email.
Read moreThe social restrictions imposed as a result of the COVID-19 pandemic have complicated tasks that would have been simple only a few weeks ago. One such task is the making of a will, which must now be done in a way that takes account of the need for social distancing while also complying with the law.
Read moreCharitable arts organisations have been hugely affected by the coronavirus pandemic. All of the large museums and galleries have had to cancel exhibitions and events, with enormous revenue consequences. Many charities delivering arts programmes (for example, in prisons, care homes, and for vulnerable children) have also had to cancel these because of social distancing rules.
Read moreThe coronavirus pandemic is first and foremost a human tragedy and the first call on our time and energy is the welfare of friends and relatives. But we must confront the economic implications as well. For rural estates, the connection between the human and the economic is close given the central role they play in binding together communities and looking after the physical landscape.
Read moreThe coronavirus pandemic has increased pressures on the charitable sector in an unprecedented fashion. Many operational charities are facing a perfect storm because their usual sources of fundraising (whether through public donations or fundraising events) have been depleted in circumstances where beneficiary needs have grown exponentially.
Read moreWhilst we are in lockdown is there any easing of the EPC requirements?
Read moreThe Working Time Regulations 1998 (the “WTR”) have been amended so that workers can carry over four weeks’ holiday entitlement for up to two years if they have been prevented from taking it due to the effects of the current coronavirus epidemic.
Read moreThe Government has recently announced a "VAT Holiday" for businesses, meaning that the VAT payment due for the periods ended 31 March 2020, 30 April 2020, 31 May 2020 and 30 June 2020 won't now be due until 31 March 2021.
Read moreOn Saturday evening, the Business Secretary, Alok Sharma MP, announced that, in order to support business, the government intends to suspend the wrongful trading provisions contained in insolvency legislation.
Read moreFew would have anticipated only a few weeks ago that by March, a large part of the world, including the UK, would be or have been in virtual lockdown with many planes grounded and borders closed.
Read moreWith so much focus on rent concessions for tenants and the new forfeiture moratorium, landlords should make sure they also protect their rights to recover rents and other fixed charges from former tenants and guarantors by serving notice under section 17 of the Landlord and Tenant (Covenants) Act 1995 within 6 months of the sums falling due.
Read moreYou may have read about the Government’s intention to change the law to stop tenants being evicted as a result of Coronavirus. A Bill has been passed today which will impact on current possession claims and also on the service of notices.
Read moreDispute Resolution Partner, Andrew Head, and Senior Solicitor, Bryan Shacklady, take a look at the implications of the coronavirus lockdown for dispute resolution, focusing on three key dispute resolution mechanisms: litigation, arbitration and mediation.
Read moreOver the past few weeks, developers and contractors have been assessing the potential implications of coronavirus and COVID-19 on construction projects.
Read moreThe majority of leases in England require tenants to pay one quarter of the rent on 25 March with landlords typically being able to forfeit the lease by peaceable re-entry if the rent is not paid within 14 or 21 days.
Read moreOn 20 March 2020, the Chancellor, Rishi Sunak, announced the Coronavirus Job Retention Scheme (the “Retention Scheme”), which is designed to give employers support for paying salaries to those who would otherwise have been laid off due to the pandemic.
Read moreThe UK Budget 2020 announced on 11 March 2020, was rather overtaken by world events. Having been long-delayed and thrown into doubt by the resignation of the former Chancellor, Sajid Javid, in February, in the end it was COVID-19 that really moulded the new Chancellor's speech.
Read moreThe Government has confirmed that the implementation of the extension to the IR35 offpayroll working rules has been delayed for a year.
Read moreGiven that leases do not contain force majeure clauses, and they will not be frustrated by any temporary restriction or inability to occupy the premises, tenants and guarantors will remain bound by their lease obligations and, in particular, their liability for the rent.
Read moreWith the effects of Coronavirus sweeping across global markets, businesses are evaluating the practical impact on their trade. Many industries are already badly affected – whether by imposed travel bans or the quarantining of employees and customers – and business owners are concerned that disrupted trade may leave them with contractual liabilities.
Read moreIn yesterday's budget, the Government announced the provision of a £1 billion "Building Safety Fund", which will be made available in 2020 – 2021.
Read moreThe seemingly good news is that this applies to contracts from 1 April 2021: as stated by the Chancellor. The bad news (apart from the fact that the charge is being introduced - at all) is that the rate will be 2% and not the 1% rate that appeared in the original consultation process. However, the ugly is the exact implementation date.
Read moreThe Government's review of the implementation of the off payroll working rules reform concluded at the end of February and plans to continue with the implementation of the reforms.
Read moreThe WHO has declared the COVID-19 a public health emergency of international concern with the potential to become a pandemic, and the government has cautioned that cases of COVID-19 in the UK are likely to rise significantly over the coming days and weeks.
Read moreOn 25 February, Bisnow hosted a panel discussion on the prospects for UK real estate in 2020. The eminent panel included representatives from Hines, M&G Real Estate, Moorfield Group, Patron Capital Partners and Schroder Real Estate. Here are some key takeaways.
Read moreThe Home Office has published its policy paper setting out the main features of a new proposed immigration system, which is due to come into effect in January 2021.
Read moreFor couples facing divorce, the tax consequences of their financial settlement are unlikely to be at the forefront of their minds.
Read moreA new workplace right for bereaved parents will come into force from 6 April 2020.
Read moreIt is twenty years since the family courts in England and Wales were given the power to share pensions on divorce (Welfare Reform and Pensions Act 1999).
Read moreThis article looks at what happens to your digital assets after your death and considers any actions you can take to safeguard against any misdirection of assets, or loss of sentimentally or financially valuable materials.
Read moreThe snappily titled All-Party Parliamentary Group for Inheritance and Intergenerational Fairness (APPG) has published a paper proposing a complete overhaul of the existing UK inheritance tax (IHT) rules.
Read moreOver the past few years, high profile news stories, such as those concerning Harvey Weinstein, and the Presidents Club dinner, have brought the issue of discrimination and harassment in the workplace, as well as the role that non-disclosure agreements (NDAs) can play in settling such matters, into the spotlight. As a result, the Government has come under increasing pressure to take positive steps to protect victims of sexual harassment.
Read moreWhilst it is understood that many applications were received before the 31 December 2019 cut off for applications to be made to the Government's fund for the removal and replacement of dangerous ACM cladding, latest statistics indicate that remedial works to 135 affected privately owned buildings are yet to begin.
Read moreEmployers are required by law to provide their employees with certain information in writing relating to their terms of employment. This is technically known as a “section 1 statement”, and is normally contained within the employment contract. Following the Government’s Good Work Plan, which was published in 2018, the information that employers need to provide is changing with effect from 6 April 2020.
Read moreAs the Forsters commercial real estate team learnt at a recent quiz, “climate strike” was the Collins Dictionary’s word of the year for 2019. As we begin a new decade, the need to combat climate change will no doubt remain at the forefront of conversation, none more so than in the real estate industry.
Read moreWith a Brexit date of 31 January 2020 looking likely, employers should consider the implications of Brexit on their EU workforce in the UK.
Read moreThe Law Commission has today published its report on reducing the price payable by leasehold home owners when exercising enfranchisement rights.
Read moreUsing a tired, mixed-use retail office building in London as a case study, we look at some of the issues which might be encountered on an urban redevelopment scheme. In this second part, Miri Stickland quizzes Matt Evans on the planning process.
Read moreDiversity seems somewhat of a buzzword in many industries, not least in the Built Environment. So, let's set out some specific examples of how diversity has positively influenced the Built Environment and where a lack of consideration of diversity has negatively impacted the industry.
Read moreFor those of us operating in the UK tax world, HMRC have a marvellous ability to confound expectations. In recent years they have delivered surprises on topics such as specialty debts, offshore income gains (as non-protected income), and remittance basis users using non-UK income and gains as loan collateral.
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