The Government’s decision that it will temporarily ban landlords from serving statutory demands or issuing winding up petitions has sent shockwaves through much of the investment property market. In a press release on 23 April 2020, the Government announced that statutory demands served on “companies” between 1 March and 30 June 2020, and winding-up petitions … Read more
Updated April 22, 2020 The Health Protection (Coronavirus, Restrictions) (England) 2020 (the Regulations), made under the Public Health (Control of Disease) Act 1984, required the closure of certain businesses and venues, and also restricted the trade which can be conducted at other types of premises. Furthermore, some tenants of commercial premises have made their own … Read more
This week, offices, schools and public places are being closed in response to COVID-19. Herbert Smith Freehills continues to provide a full client service, with our teams mostly working remotely but, as with all businesses, those involved in planning are trying to work out the best ways to continue with projects and what accommodations need … Read more
After a considerable period of consultation, RICS have this week published the new “Code for leasing business premises” (1st edition, February 2020) (the New Code) which, according to RICS, aims to make the process of commercial lease negotiations faster, more transparent and fairer. There is also hope that the new requirements will encourage businesses to … Read more
Yesterday the HSF Real Estate team launched Real Estate. Reconsidered, a collection of our thoughts on some of the key issues that are impacting the real estate sector and our opinions on what the future may hold for the real estate market and its legal landscape. To read Real Estate. Reconsidered click here. Please contact us … Read more
What can a developer owner of retail or mixed used schemes do, at the point when leases are granted, to protect itself from the risk of retail tenant CVAs? Has the Court’s decision in the Debenhams CVA battle changed things? Transactional real estate partner, Alice Dockar, discusses this and takes stock on retail CVAs and … Read more
In June, we wrote a quick summary of the report “Land for the Many”. Land for the Many was written by a team headed by George Monbiot and made proposals for the Labour Party to consider as future land use and planning policy. We subsequently wrote a longer article on the report, which was first … Read more
The report of the Parliamentary committee on residential leasehold reform has been published containing strong recommendations, many of them radical, and some where it is not at all clear how they could work in practice. Nevertheless, this is likely to be the future and a good commercial conclusion may be to assume that this will … Read more
A report commissioned for the Labour Party entitled “Land for the Many” has been published, proposing radical changes to the way that land is used and controlled in the United Kingdom. It makes many recommendations which are described as “proposals to the Labour Party” to consider as part of its policy development process in advance … Read more
