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Publication

Mistaken discharge of land mortgages: curtains or rectification for future lending?

It well-established that a mortgage can be used to secure further advances made by a lender but what happens when a registered mortgage is mistakenly discharged at the Land Registry?
22 September 2015

Publication

Two contrasting tales: pre-insolvency transfers of company assets and director misconduct

The question of appropriate action in the face of directors’ duties to creditors in the pre-insolvency twilight zone is a perennial one. Two cases offer contrasting versions of how to go about it.
22 September 2015

Publication

PPF guidance on pre-packs, schemes of arrangement and review of Bills of Sale

This month’s summary of “also ran” update items forms a fairly eclectic mix, however some useful items can be pulled out of them.
22 September 2015

Press release

Burges Salmon advises Cramlington on new CHP project with Aesica

Burges Salmon has advised Estover Energy Limited and Cramlington Renewable Energy Developments Limited on the development of a new biomass Combined Heat and Power plant in Cramlington, Northumberland.
21 September 2015

Press release

Burges Salmon advises on the acquisition of a majority stake in Henry Bath from Mercuria

Burges Salmon has worked with Chinese law firm Fangda Partners on a multi-jurisdictional transaction involving the acquisition by CMST Development Co of a majority stake in Henry Bath & Son Limited.
21 September 2015

Publication

VAT and pension schemes - September 2015

A simple change to scheme rules would establish the employer’s entitlement to recover VAT on services to its pension scheme versus rearranging supply contracts. We discuss the approach and next steps.
21 September 2015

Publication

Reduced possibility of aggregation of claims by solicitors' insurers

We overview the High Court's clarification of the aggregation clause in the Solicitors’ Minimum Terms and Conditions of professional indemnity insurance and why this may relieve many solicitors.
21 September 2015

Legal update

When no profit IS a profit: GDF Suez v Teeside [2015] UKFTT 0413 (TC)

A recent First-Tier Tribunal case demonstrates that accounts, prepared in accordance with UK GAAP, do not always reflect companies profits for tax purposes.
15 September 2015

Legal update

£17.5m payment to remove restrictions on selling shares not deductible for CGT

In a recent case, HMRC was successful in arguing that a payment made by a taxpayer to remove restrictions on his right to sell shares could not be deducted from his gains on selling those shares.
15 September 2015

Legal update

Statutory demands relating to multiple debts with an aggregate over £750

The High Court has held that statutory demands will not necessarily be set aside if the undisputed debt is less than £750, where other debts would take the cumulative total over this limit.
14 September 2015

Legal update

All monies charge securing a subsequent loan

Depending on its wording, an “all monies” charge can secure a subsequent loan even if that charge is mistakenly removed.
14 September 2015

Publication

The new Waste Duty of Care Code of Practice

In July, a consultation was launched on replacing Defra’s Waste Duty of Care Code of Practice, which was last updated almost 20 years ago. Nick Churchward explains some of the proposed changes.
11 September 2015
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