This update comments on the latest developments including the shortening of filing and payment window to 14 days from the effective date, what is a “major interest”?, bare trusts and first time buyer’s relief and the Supreme Court decision in Project Blue.
Making an investment into another state, known as foreign direct investment (“FDI”), generally carries a significantly different risk profile from investment in an investor’s domestic market. FDI may be exposed to greater risks arising from the political, regulatory and economic environment of the State into which investment is made.
Warranties and indemnities play an important role in merger and acquisition (‘M&A’) transactions, enabling the parties to negotiate the balance of risk between them. Warranty and Indemnity insurance (‘W&I Insurance’) allows the parties to shift risk by insuring against potential breach of warranty or breach of indemnity claims by a buyer following completion.
These are the harshest of times for the casual dining industry. Much like it is elsewhere on the beleaguered high-street, it seems that every week brings headlines of another restaurant business becoming insolvent or making mass closures. The past few months alone have seen established names such as Prezzo, Byron, Gaucho, Jamie’s Italian, Côte Brasserie and Strada close numerous outlets. Meanwhile, Carluccio’s is undergoing an insolvency process (a Company Voluntary Arrangement) to try to rescue itself.
The significance of the NPPF was as much the fact that it put together in one place all of central government’s planning policies. It is not perfect, but some of those imperfections stem from the fact that voters are wedded to concepts such as the Green Belt which add to the problems of housing delivery in an environmentally sustainable manner.
There has been much speculation on what will happen to European IP rights in the UK following Brexit. Rights holders now have greater clarity following the publication of the draft withdrawal agreement under negotiation between the UK and the EU. Here is a brief synopsis of the main points agreed so far.