Travel Transport Retail – Coronosolvencies
Travel, transport and retail organisations have contacted solicitors for preliminary discussions in view of their poor or non-existent trading environments. Restructuring, the raising of funds and reapportionment of debt are the services sought to stem the cash bleeds. Other sectors are forecast to follow suit as social distancing and lockdowns rise.
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Divorce – Don’t forget about the Pension
Company shares are often forgotten about when negotiating financial settlements to a divorce alongside the broader issue of pensions. This can obviously be a crucial income stream if only one party provided the family income. Pensions are usually divided equally. You need to re-institute legal proceedings if you forget this valuable asset!
Share This:- Commercial Property Elevation Expected after Brexit
A fairly good demand for premium office space exists in London in the days leading up to Brexit, on the 31st January 2020, since the Conservative win in last month’s general election. However tenancy agreements have yet to be fully negotiated. A large surge in refurbishment and building has been forecast by commentators for the first six months of this year.
Share This:- Immigration Rise
Immigration specialist solicitors in London have been enjoying a surge of clients. As many Europeans emigrated a significant number of Americans immigrated due to outbound financial deals being uncharacteristically less than inbound.
Share This:- London First for Property Investment Purchases whilst Restaurant Insolvencies Rise 20%
London is first for commercial property investments followed by Paris largely due to the expanding tech sector.
The UK restaurant sector however is facing uncertain times with nearly 1500 insolvencies in the year to July due to the large volume of establishments, poor customer attendance and increasing costs.
Share This:- Neighbour Dispute – £100,000 award + costs
Banging on the ceiling, screams of abuse, depression, 21 month vendetta, veiled threats, shouting, intimidating emails, distress, anxiety, reduced sale price, overgrown garden blocking light, tenants feeling petrified. If you are the victim of the aforementioned a civil harassment and nuisance damages claim may be appropriate at the county court.
Share This:- Commercial Property Surge in Central London
Central London has seen a large uptake in office space over the past four weeks. This has been dominated by the creative industries such as advertising and public relations agencies and fintech firms. Figures are up by almost one third on October last year. Off plan leasing deals have also increased dramatically with more than half of the buildings currently being built having deals undergoing due diligence by London solicitors.
Share This:- Special Offer On Conveyancing
Due to the recently recorded fall in established landlords entering the property market making buy-to-let investments there are unrivalled opportunities for new entrants. This has been perceived by a drop in serial investors mortgage approvals by more than half over the last quarter.
Share This:- Commercial Solicitors Merge
Two international substantially commercial firms are likely to merge that if successful would create the largest listed firm of solicitors in the country. Further details will be divulged if and when it completes.
Share This:- Property Buyers are Returning to the City
Just under £1.4bn has been invested in commercial property in the City’s square mile from January to July this year which was practically the total invested in the area last year. Significant deals in the range of £250m have been completed amid a general air of confidence. Much of this purchasing activity has been carried out by UK fund managers.
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