News, Articles & Events: October 2021
Parties often claim a right of set-off where they have competing claims against each other, but just what it is a right of set-off and when and how does it apply? What is set-off? When two parties have monetary debts against each other, a right may arise to “set-off” the debts. A party can look […]
The much-anticipated Autumn Budget was announced yesterday, with Rishi Sunak delivering some measures which will be of interest to residential property developers. Firstly, the rumoured increase in the rates of capital gains tax did not materialise. This means landowners, promoters and housebuilders can breathe a sigh of relief that option agreements and promotion agreements which […]
Whilst Autumn Budget 2021 announced a number of spending giveaways, it was relatively light on new tax measures. In particular, the much-feared increases to rates of capital gains tax, inheritance tax and self-employed national insurance contributions did not materialise. Also absent were new restrictions on pensions tax relief or the introduction of a wealth tax. […]
The Freeths Corporate team, led by John Heaphy and Maddy Scott has advised Richard Bowers and Christopher Kings on the sale of ISYS Interactive Systems Limited (“ISYS”) to The Access Group. ISYS is a leading best-in-class end-to-end ERP software and services provider to the waste management and food & drink delivery sectors. With offices in […]
COVID-19 commercial rent arrears: further success for landlords as High Court grants summary judgment and provides additional guidance – London Trocadero (2015) LP v Picturehouse Cinemas Ltd  EWHC 2591. Summary In the latest decision to deal a blow to tenants hoping to dispute the obligation to pay rent during the Coronavirus pandemic, the High […]
On 8 October 2021, the government published revised draft legislation on the residential property developer tax (RPDT), which is to apply from 1 April 2022. An exemption from RPDT has quite rightly been introduced for non-profit housing companies, which are defined as non-profit registered providers of social housing and their wholly owned subsidiaries. RPs do […]
Many assume that an appropriate level of resourcing, robust contractual knowledge, and a touch of negotiating guile, will result in successful contract expiry and inheritance of the relevant assets – and the Trust’s business can continue as normal, focussing on delivering frontline services. However, the implications of inheriting an expired PFI asset are not that […]
Welcome to our employment law update bringing you up to speed with this month’s key COVID-19 developments. We also highlight some cases and developments that emphasise an employer’s responsibility around flexibility, support and employee wellbeing. COVID-19 developments Carers protected by indirect associative discrimination New right to carer’s leave New consultation published on a ‘day one’ […]
Freeths MK office are hosting a drinks event at the new Willen Lake Water Sports Centre. This impressive new building is part of the Parks Trust portfolio and has stunning views across the lake. The event is for anyone working in the MK market who would enjoy networking with fellow professionals. Date: Monday 11th October […]
This article discusses the biodiversity net gain (BNG) requirements within the Environment Bill (which apply only to England) and will be especially of interest to developers and landowners alike. As many eagerly await Royal Assent of the Environment Bill (due before the end of this year), it has become clear that the new mandatory BNG […]
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