Retailers, both big and small, continue to struggle against a backdrop of changing consumer shopping habits, ecommerce, rising labour costs and business rates, as well as a general fall in consumer confidence driven by economic uncertainty in the aftermath of Brexit.
The Joint Council for the Welfare of Immigrants (“JCWI”) has been granted permission to pursue a judicial review that will challenge the legality of the government’s Right to Rent rules.
It is a scenario that is fairly commonplace in the UK: a landowner minding their own business will one day be approached by a larger developer, offering a significant sum of money for part or all of their land.
Landlord CVAs have become more and more prominent as 2018 has developed with a growing number of high-profile retailers and restaurant chains looking to reduce rental costs. Such a CVA will be imposed on landlords if 75% of all of the company’s unsecured creditors support it.
There has been a trend in recent years for expensive UK properties, especially in London, to be held in offshore company structures, for privacy and tax reasons.
Much has been written about the Dreamvar case – Dreamvar (UK) v Mishcon de Reya and others – because it concerns who bears liability in a fraudulent property transaction.
The new corporate offence of failure to prevent the facilitation of tax evasion came into force last year. For obvious reasons, this is something that all involved with property transactions must get to grips with.
Draft bill not only fails to restore the pre-2015 ruling status quo, but ratepayers may also struggle to secure refunds.