Administration is a procedure under insolvency legislation to provide a company, limited liability partnership or partnership with some breathing space to allow a more advantageous realisation of assets to be put in place. These assets could be interests in property
More about Buying property from administrators – Distressed asset salesThe Levelling-up and Regeneration Act 2023 (“LURA”) contains powers to “transform our town centres by giving councils the powers to work directly with landlords to bring empty buildings back into use by local businesses and community groups, breathing life back
More about Currently vacant high street property? Watch out for compulsory rental auctionsIn the recent case Lendlease v Aecom the Court had to consider and answer the following questions in relation to a consultancy appointment – it should be a lesson to all dealing with development documents: If an appointment/contract includes a
More about Executing legal documents – Limitation traps for the unwaryThere is a lot of fresh regulation for real estate investors to consider. Over recent years we have been updating you on the range of initiatives which fall under the head of corporate transparency. This article sets out a few
More about Helping real estate investors keep on top of transparency disclosuresWhen 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 return