CREFC’s due diligence guide for lenders – new edition

    Over the last 18 months, Herbert Smith Freehills has been working with the Commercial Real Estate Finance Council (the CREFC), a trade body for real estate debt lenders and investors in Europe, to help produce the new edition of CREFC’s due diligence guide for lenders against UK commercial real estate. The CREFC Due Diligence (DD) … Read more

    Back to basics: acquiring land compulsorily by way of a GVD

    Current crises in housing and in town centres have placed greater emphasis on the role that local authorities can and should play in compulsorily acquiring land to promote much needed development, whether to implement local plan policies or to help progress consented schemes. In a series of back-to-basics posts we will discuss the various stages … Read more

    A bonanza for empty rates schemes?

    The Supreme Court has given judgment in the case of Telereal Trillium v Hewitt (VO) [2019] UKSC 23. The latest in a long line of rating cases to be considered by the Supreme Court in recent years, this case indicates that even the most unattractive, seemingly impossible to let, empty property is likely to be … Read more

    It’ll take a long time to get quicker – how PINS is planning to change the inquiries process (slowly)

    On 14 May 2019, the Planning Inspectorate published its Inquiries Review Action Plan to explain how it intends to implement the recommendations of Bridget Rosewell CBE’s Independent Review of Planning Appeal Inquiries. This blog considers what progress has been made and what are the main challenges to full implementation. The Rosewell Review The PINS Action Plan … Read more

    Construction Contract & Claims Management Podcast Series – EP2: Pitfalls of Suspending or Terminating a Construction Contract

    The suspension or termination of construction contracts can have significant commercial implications for developers. No doubt, developers will already be aware that the right to suspend and, in particular, terminate, a construction contract should be used sparingly. But what are the potential pitfalls to be mindful of if it becomes necessary to suspend or terminate … Read more