Blog Post
Just admiring the Review
After a few years living and working as a finance lawyer in Australia, there are a few things I brought with me back to the UK. Among the alarming spider's nests on the underside of our garden furniture and a passing interest in Aussie Rules football ("Go Bombers"), was an appreciation of some of the interesting market divergences in documenting loan transactions.
Blog Post
Real estate finance: a threat to national security?
The UK Government recently published proposals for a regime to review certain transactions that may pose a threat to the UK's national security.
Blog Post
Administrators are entitled to sell partly developed property free from secured interests
Williams and another v Broadoak Private Finance Ltd and others [2018] EWHC 1107 (Ch)
Blog Post
HS2 next stop Birmingham: Trending schemes for developers in a growth market
Fieldfisher is holding a Seminar for clients this Wednesday 13 June 2018 at the Fieldfisher Birmingham office to discuss the impact of HS2 on Real Estate development in Birmingham.
Blog Post
LIBOR: don't just sit there, do something!
It is the best part of a year since Andrew Bailey's speech set the financial markets on an apparent course to a brave new LIBOR-less world. It then took a few months before the industry (including the regulators) got together and put in place working groups and action plans to address the likely discontinuance of LIBOR.
Blog Post
Indemnity Insurance and Commercial Real Estate: Panacea or Snake Oil?
At a recent gathering to wave a former colleague off into retirement, I found myself in conversation with another who now specialises in indemnity insurance for the property sector. What began as a lightweight chat about the stress-relieving virtues of such products in residential conveyancing, turned into a thought-bending analysis of how insurance might be a solution to most, if not all of the risks inherent in commercial real estate (CRE).
Blog Post
New Welsh Land Transaction Tax replaces SDLT for acquisitions in Welsh land
Background The Land Transaction Tax and Anti-avoidance of Devolved Taxes (Wales) Act 2017 ("LTT Act") became law in May of 2017 and is the second of three statutes to establish devolved tax arrangements in Wales under the Wales Act 2014 (the other two being the Tax Collection and Management (Wales) Act 2016 and the Landfill Disposals (Wales Act) Tax Act).
Blog Post
REFlections from La Croisette, MIPIM
For those attending MIPIM this year, despite the rain on the parade on Thursday, and feeling more subdued than before, there is an overarching sense of cautious optimism. That is not to say optimism that the market will grow fast or boom, rather, optimism that the market will not crash.
Blog Post
Negotiating transfer provisions: whose side are you on?
The Loan Market Association's (LMA) annual series of joint seminars with the Loan Syndications & Trading Association (LSTA) on trends in the Secondary Market, is due to take place in early March. At last year's gathering the LMA noted an increasing tendency for loan documents to include borrower-friendly terms that restrict the transferability of loans. This view has been reiterated several times since.
Blog Post
Public register of beneficial owners of overseas companies that own or buy property in the UK
The Government has recently announced a new world-first public register that will require overseas companies that own or buy property in the UK to provide details of their ultimate owners