News

Grant of a lease: What to think about when negotiating Heads of Terms (HoTs)

A good HoTs will answer all key questions which may arise on the grant of a lease, so that negotiation on commercial issues isn’t required further down the line, saving both time and money in the long run.  It is crucial for prospective tenants to think long and hard before entering into negotiations on lease terms.  Some important questions include:

  • Term:  How long will the property continue to meet the business needs of the tenant?  A small, fast growing company may outgrow a property in its first few years.  It is important that the term of the lease is right and provides a sufficient break clause for the tenant, while maintaining the right balance against the costs of relocation and commercial upheaval.

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Chambers Global 2016 ranks Fladgate partners

Fladgate congratulates the following partners on their inclusion as “Leaders in their Field” in the 2016 edition of Chambers Global, the guide to the world’s best lawyers. Individuals are ranked after extensive research by the Chambers team with opinions sought from clients, peers, referees and competitors.

Germany
Corporate/M&A (Experts Based Abroad)
Alex Kaufmann

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Fladgate strengthens real estate practice with partner appointment

Fladgate LLP is delighted to announce the appointment of real estate specialist Jenny Sargeant who joins from Macfarlanes LLP.

Jenny advises a full range of real estate, corporate and high net worth clients on all aspects of commercial real estate transactions, specialising in acquisitions, bespoke financings and complex corporate transactions involving real estate. Her two areas of particular expertise are in the hotels sector and providing specialist advice to both lenders and borrowers in complex real estate finance transactions.

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Shutts & Bowen makes Top Ten in the 100 Largest Law Firms in Florida Report

According to a recent Daily Business Review Special Report, Shutts & Bowen ranked seventh among the 100 largest law firms in Florida. The results show a firm growing in both the number of lawyers and in revenue.

Shutts added the full-time equivalent of 14 attorneys in 2015, a 6% increase from the previous year. The firm’s total partners count also increased by 6%, adding 10 more partners from last year. Gross revenue increased 7.7% to $147 million in 2015 from 2014, making the top ten list of Florida’s highest-grossing firms of the year, and its profit per partner grew 5.7% to $740,000 in the same period.

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SEC Fines Fund Adviser $39 Million for Failing to Adequately Disclose Monitoring Fees

The Securities and Exchange Commission has been focusing on the lack of disclosure by fund managers to investors regarding the receipt of monitoring fees. Recently, the SEC fined The Blackstone Group $39 million for failing to adequately disclose the acceleration of monitoring fees paid by the fund’s portfolio companies.

The monitoring fees were charged by Blackstone to the portfolio companies for its consulting and advisory services provided to the portfolio company.

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Ronald Snyder comments on SCC decision in Wilson v. Atomic Energy of Canada Ltd.

Fogler Rubinoff Partner Ronald Snyder shares his perspective with Canadian Lawyer on the recent Supreme Court of Canada decision in Wilson v. Atomic Energy of Canada Ltd.

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Thirteen Shartsis Friese Attorneys Named “Super Lawyers” for 2016

San Francisco, July 8, 2016 – Shartsis Friese LLP announced today thirteen attorneys have been named “Super Lawyers” for Northern California in 2016.  The attorneys chosen are:

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How to respond to online banking fraud

This article was published in Solicitors Journal on 3 May 2016.

Online banking fraud is becoming more sophisticated, causing large losses to individuals and companies. Unsurprisingly, the number of cases against banks involving online fraud is increasing.

In March, Sir Bernard Hogan-Howe, head of London’s Metropolitan Police, suggested banks should not fully refund victims of fraud who have not protected themselves. Whilst not universally well received, his remarks are a reminder that there is no guarantee of a bank refund. So, if it is not forthcoming, what steps can be taken to recover money?

 

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An update on earthquake-prone buildings

Building (Earthquake-prone Buildings) Amendment Act 2016

The Building (Earthquake-prone Buildings) Amendment Act 2016 (“Amendment Act”) received assent on 13 May 2016.  It is intended to come into effect on 13 May 2018 unless the Governor-General appoints an earlier date.  The Amendment Act is intended to update the Building Act 2004 (“Building Act”) primarily to balance the risk posed by earthquake-prone buildings with the significant cost and impact on the heritage value of upgrading those buildings.

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KLA reforça área de Direito Público e Administrativo com nova Sócia

Marianne Albers passa a integrar o escritório para reforçar a área de Direito Público e Administrativo. Com mais de 15 anos de experiência na área de Direito Administrativo (contencioso judicial e administrativo), Direito do Consumidor (consultivo e contencioso judicial e administrativo) e Direito Ambiental (contencioso judicial), a nova sócia já conduziu inúmeras ações civis públicas, ações de improbidade administrativa e mandados de segurança individuais e coletivos.

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