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Monthly Archives: November 2019
What issues do you need to be aware of when building above existing buildings?
In a controversial move, the government has proposed a relaxation to permitted development rules that will allow property owners to add an extra two storeys to their property without seeking planning permission. It is intended that the new rules will …
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The CGT consequences of buying a ‘space in a tower’
There is nothing new in buying property off-plan. The phrase “contract for an off-plan purchase” entered the statute book in 2015 where it means “a contract for the acquisition of land consisting of, or including, a building or part of …
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SMCR implementation deadline imminent
The expansion of the SMCR to cover all FCA regulated firms (from 9 December 2019) will change the way in which the directors and senior managers in those firms will approach risk. The SMCR has already closed the gaps between …
Court of Appeal orders re-trial of forex “demo accounts” case
Background In 2018, Collyer Bristow reported on a Commercial Court decision in which Mr Justice Knowles dismissed allegations of fraud against forex trading firm Ikon Finance (“Ikon”). Simetra Global Assets Limited and Richcroft Investments Limited (the “Claimants”) accused Ikon of …
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General Election: party manifestos confirm coming CGT Entrepreneurs Relief changes
All parties have now published their election manifestos. Each contains proposals which would affect business owners and entrepreneurs. I previously predicted that altering or abolishing CGT Entrepreneurs Relief would be fairly low-risk for an incoming Chancellor of the Exchequer. It …
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General Election: party manifestos confirm coming CGT Entrepreneurs Relief changes
All parties have now published their election manifestos. Each contains proposals which would affect business owners and…
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Legal statement on cryptoassets and smart contracts – the breakdown
The UK jurisdiction taskforce of the LawTech Delivery Panel (LTDP) issued a statement this week, in which they asserted that Cryptoassets can be treated in principle as property; and that smart contracts are capable of satisfying the requirements of contracts …
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Litigation risks associated with Libor transition
The Financial Conduct Authority (FCA) has made clear that after 2021 it will no longer compel banks to submit LIBOR quotations or sustain the LIBOR benchmark, and that regulated parties proposing LIBOR for contracts beyond 2021 must explain the risks …
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English Court grants anti-suit injunction to restrain New York proceedings
Background English courts have a longstanding and well recognised jurisdiction to restrain foreign proceedings which are brought in violation of an agreement to settle disputes by arbitration in London. In the recent case of XL Insurance Co SE v Little, …
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Collyer Bristow recognised as one of the top law firms in the UK
In its annual ‘Best 200 Law Firms’ guide, published Tuesday 30 October 2019, The Times recognised Collyer Bristow’s particular strength in Real Estate. The Times Best 200 Law Firms list is based on a survey of 20,000 law professionals and …