In short, a LADs clause provides that the contractor will pay damages to the employer if there is delay for which the contractor is culpable. The figure should be a genuine valuation of pre-determined loss, assessed at the time that the contract is entered into.
Read moreDuring the 2016 Budget, the Chancellor of the Exchequer, George Osborne announced the abolition of the SDLT slab rates for commercial property in England and Wales at midnight on the 16 March 2016. This follows the introduction of progressive SDLT rates for residential property in December 2014.
Read moreFurther to my last post on the subject (and to some slippage in the Government's timetable for implementation), the final guidance and draft regulations have recently been published.
Read moreIn June 2015, Juliet Edmondson asked a sensitive and topical question on this blog: does every Englishman really need a castle?
Read moreOn a cold and frosty February evening the great and the good of the residential property management scene descended on Forsters' offices at 31 Hill Street for the hotly anticipated Residential Management Disputes Seminar.
Read moreIn December 2015, Yorkshire and Lancashire saw some of the worst floods in living memory. Described as "unprecedented" and even "biblical" by the press, the clean up costs have been estimated by insurance companies to be in the region of £5 billion.
Read moreA recent Supreme Court case involving Donald Trump's golf course in Aberdeenshire has the potential for significant ramifications in how conditions attached to planning permissions are interpreted.
Read moreHedging interest rates under floating rate loan facilities are commonplace in real estate finance transactions. Whilst they tend to run alongside the initial transaction the commercial arrangements are often discussed and put in place directly between the borrower and bank without involving lawyers or other advisers.
Read moreForsters took two tables at The Society of Scottish Lawyers in London's Burns Night Supper last Thursday. Hosted at The Brewery on Chiswell Street, a tartan clad throng gathered to celebrate the 257th anniversary of the birth of the Bard of Ayrshire.
Read moreWell 2015 was a busy, successful, and at times challenging year for the residential property industry.
This is particularly true of the new-build development sector, which has been at the forefront of recent press coverage.
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