When a tenant breaches a covenant in a lease, most leases give the landlord a right to forfeit the lease (i.e., to terminate the lease and regain possession of the property). The kind of covenant breaches giving a right to
More about Non-payment of rent: Be careful not to waive goodbye to the right to forfeitLeading City law firm, Wedlake Bell, has advised CFC Underwriting Ltd on their letting of floors 10-15 at 8 Bishopsgate from the landlord, Mitsubishi Estates and developer Stanhope for a term of 15 years. The agreement for lease for the
More about Wedlake Bell advises CFC on 8 bishopsgate leaseSome key highlights of legal updates affecting the Private Client industry over the past month is as follows. Tax policy – Autumn Statement The Chancellor’s Autumn Statement on 22 November 2023 did not include any headline announcements for private clients,
More about Private Client Legal Update – December 2023The last time there were significant surpluses in UK occupational pension schemes was in the 1990s. These are now back in vogue following the boost to the funding levels of many defined benefit schemes over the last 18 months –
More about Part 1 – The ghost of Christmas past – Pension scheme surplus makes a returnOn 22 November 2023, the Chancellor delivered his Autumn Statement, which provided key developments to the Mansion House Reforms that were announced on 10th July – click here for our article in Part 4 of October 2023 Pensions Compass. As
More about Part 2 – Good tidings? Unwrapping the Autumn StatementIn the ever-evolving landscape surrounding pension scheme overpayments, two recent decisions have shed light on crucial questions, bringing clarity to the intricate web of regulations and disputes surrounding overpayments. This article navigates through two recent cases, and focuses on the
More about Part 4 – Overpayment disputes before the pensions ombudsman (tpo)On 29 November 2023, Deputy Insolvency and Companies Court Judge Agnello KC handed down judgment on an interim application arising in the case Re Gamenation UK Limited; Kelsall & another v Stajic & another [2023] EWHC 3020 (Ch,). Wedlake Bell LLP
More about Wedlake Bell succeeds in case where court finds that dishonest assistance can fall within the s.212 insolvency act 1986 gatewayOn 22 November, the Chancellor delivered his Autumn Statement, featuring significant pension reforms designed to “improve pension savers’ returns and boost growth in the UK”. These reforms will significantly impact both DB and DC schemes: The Chancellor announced a reduction
More about The Chancellor’s Autumn Statement 2023