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Our lawyers contribute regularly to industry and legal journals in addition to writing legal briefings, newsletters and case reports for clients and contacts. All of our articles are free to read and download here.
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The Return of Lender Claims?
February 2023Introduction There was an influx of claims against valuation surveyors in the early 2010s largely as a result of the financial crisis. Increasing numbers of borrowers were unable to pay back loans and lenders were unable to recoup their losses by selling borrowers’ repossessed properties due to the sharp decline in the property market. Lenders… Read More >
Buyer-funded development: buyers’ claim against developer’s solicitors denied
February 2023Since the 2008 financial crisis, developers have found it increasingly difficult to secure project finance from commercial lenders, meaning they had to turn to alternative finance methods. Once such method is buyer-funded developments. Three words that strike fear into the heart of all solicitors PII insurers… A buyer-funded development is a property development which is… Read More >
Building Safety Act 2022 – Duty Holders
February 2023Following the enactment of the Building Safety Act 2022 (the Act) last year we wanted to inform you about a recent development concerning a key principle of the Act; duty holders. Part 3 of the Act aims to increase and improve accountability and competence within the built environment sector by introducing a duty holder regime.… Read More >
Japanese Knotweed- A residual diminution in value?
February 2023The Court of Appeal (“CA”) recently handed down its judgment in the case of Davies v Bridgend County Borough Council [2023] EWCA Civ 80, where it was held that diminution in value was a recoverable loss in Japanese knotweed cases where a defendant had failed to notify the claimant about the presence of knotweed on… Read More >
Tate Modern viewing platform found to invade apartment owners’ privacy
February 2023On Wednesday 1st February 2023, the Supreme Court handed down judgment in a long running dispute between the owners of four luxury apartments on London’s Bankside and the Tate Modern. The Supreme Court held that the Tate Modern’s Blavatnik extension to the gallery led to the owners of the apartments facing a “constant visual intrusion”… Read More >
Sanctions update: EU and UK price caps to hit insurers and other sectors
February 2023What has happened? On 5 February 2023, the EU and UK price cap for refined petroleum products came into effect. The European Union (EU) and the United Kingdom (UK) have both implemented measures aimed at limiting the revenues received by Russia from its sales of oil and oil products. For both the UK and EU,… Read More >
Feeling fine, Part 2 – The SRA consults on its new fining regime as unlimited financial penalties loom for economic crime
February 2023In the Summer last year we reported on the increase in the SRA’s fining powers for traditional law firms and solicitors from £2,000 to £25,000, which were intended to empower the SRA to deal with a wider range of offences than before, relieving pressure on the Solicitors’ Disciplinary Tribunal (“the SDT”). Following the SRA’s new… Read More >
Recent Developments with the Financial Reporting Council
January 20232022 was a busy year for the Financial Reporting Council (the “FRC”), the body responsible for regulating auditors, accountants and actuaries and which sets the UK’s corporate governance and stewardship codes. Not daunted by its impending replacement by the Audit, Reporting and Governance Authority (“ARGA”) this year, it published a number of important documents relating… Read More >
LJR Interiors Ltd v Cooper Construction Ltd [2023] EWHC 3339 (TCC)
January 2023On 11 January 2023, the High Court handed down its decision inLJR Interiors Ltd v Cooper Construction Ltd [2023] EWHC 3339 (TCC), which found that an adjudicator had incorrectly ignored the limitation defence that the responding party raised. The Facts On 26 August 2014 the parties entered into a written contract under which LJR Interiors… Read More >
The Year Ahead in Construction – 2023
January 2023Sheena Sood previews what 2023 will hold for the construction industry from a legal point of view. This article was first published in Building Magazine. Please click on the link below to read the full article. the year ahead in construction – 2023