Debentures, legal charges, directors’ personal guarantees and can be used to give funders very extensive rights of security, so why are collateral warranties also required as part of a comprehensive security package for development financing?
Since 2010, successive Finance Acts have targeted EBTs used as a tax avoidance schemes, including introducing Accelerated Payment Notices (APN) and Follower Notices (FN) in 2014.
Time limits for bringing claims at Court are strict. The rules seem superficially clear, but they continue to confuse claimants with the result that potentially valuable claims are lost.
As you know, the purchase of a property is likely to be most important financial transaction you will enter into. The paperwork which we, as your solicitors, will undertake only relates to title issues.
2020 has been a year like no other and undoubtedly the major change in this area of law has been the amendment to the Wills Act 1837 which had been unchanged legislation for approaching 200 years.
The history of social housing finance makes interesting reading and we have been involved in its story since the early 1980s when we helped set up what is now one of the largest housing groups in the country.
It is often the case that in contracts setting out the calculations governing various financial charges, the narrative within the body of the contract setting out such details are illustrated by the inclusion of worked examples in the appendices. Problems arise when the outcome of the calculations differ significantly between the worked examples and the narrative as a recent case demonstrated.
It is clear that the housing sector is facing uncertain times. The only certainty is that more will change. Housing providers are starting on a challenging journey of transformation.
A Limited Liability Partnership (‘LLP’) is an alternative corporate business vehicle that combines the flexible structure of a partnership with the benefits for its partners (or “members”) of limited liability.
In these in uncertain times, more than ever, families may want to change the way an inheritance from a deceased relative or friend is divided