News

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: Advice to Landlords and Tenants

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We have already seen landlords and tenants working together in positive and collaborative ways to keep business moving and to minimise the impact of the current crisis. We all await further news of potential legislative intervention to assist the property sector and will be ready to offer guidance with 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 →

COVID-19: Chancellor Announces Sweeping New Economic Measures

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On Friday the Chancellor announced a series of new “unprecedented measures, for unprecedented times”, building on existing announcements by dramatically expanding the government support to the economy in response to the rapidly evolving COVID-19 disruption.  These measures are: Job Retention Scheme to pay 80% of salaries of existing employees if… Continue reading →