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UK Residential Property – Changes to CGT 6 April 2020

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  A change in capital gains tax legislation relating to the sale of UK residential property by a UK resident (individual or trustee) takes effect as from 6 April 2020.  This change was announced by the Government in the recent budget and had in mind the impact of COVID-19.  It… Continue reading →

COVID-19: Skype hearings? Are you winding me up?

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  As a creditor, especially during the current Covid-19 crisis, it may be tempting to accept all and any payments from debtors. Payments that a debtor company makes to you during the period where there is a winding-up petition in place will be a void disposition, under section 127 of… Continue reading →

COVID-19: Delays: Joint Ventures & Development Management Agreements

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Sometimes a joint venture  arrangement between a developer and an equity investor will involve both a development management arrangement and a bespoke joint venture agreement of some sort. We deal with both aspects. In Part I, we deal with Development Management Agreements. In Part II we deal with Joint ventures… Continue reading →

COVID-19: Residential possession proceedings update

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As a consequence of the Covid-19 situation the Court has issued an additional Practice Direction to Part 55 of the Civil Procedure Rules (which deals with all residential possession proceedings including those taken by landlords and lenders). This Practice Direction goes much further than the original prohibition on the eviction… Continue reading →

COVID-19: Will COVID-19 delay completion of your real estate transaction?

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We are starting to see situations arise where completion of real estate transactions and in particular sales and purchases and agreements for lease, could be delayed because of the COVID-19 virus. The following (and this list is by no means exhaustive) could delay or prevent completion: Contractors leaving building sites… Continue reading →

COVID-19: Emergency Changes to the Insolvency Rules

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The changes?  On Saturday, during the Government’s daily Coronavirus update, it was announced that it would shortly legislate to: temporarily suspend wrongful trading rules under the Insolvency Act 1986, so that directors are not personally liable for doing as much as they can to save companies and jobs during the… Continue reading →

COVID-19: Risk and Contract Management in Unprecedented Times

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The full consequences of the spread of Coronavirus on businesses, individuals and communities is at present unknown but unfortunately likely to be wide-ranging. We set out below some practical steps/considerations for businesses and individuals to try and minimise their risk as far as possible in these uncertain times. 7 Top… Continue reading →