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The Authorisations
It may be a comfort to know that the ultimate responsibility for deciding whether DoL is necessary, rests with the appropriate local authority (known as the “Supervisory Body”)...
Government promises G-Cloud so public sector can share applications
The Government has announced that it plans to create the ‘G-Cloud’ - a cloud of software applications for the public sector to use. The aim is to save £3 billion a year so that central government,...
Court of Appeal asks European Court of Justice to rule on lawfulness on seizing counterfeit goods coming through EU in transit only – Nokia v HMRC, Court of Appeal
Nokia has persuaded the Court of Appeal to ask the European Court of Justice to answer questions surrounding the seizure of counterfeit goods which are passing through the EU in transit only. Under EU...
Staircasing – how to purchase further shares in your shared ownership property
Maybe you are considering buying a property or have already purchased a property on a shared ownership basis and want to understand a little more about what you can do in the future.
Staircasing - what...
Economic downturn not a justification reason to invoke force majeure provisions – Tandrin Aviation v Aero Toy Store , High Court
It is official: the economic downturn is not a justification under most force majeure clauses for getting out of an unprofitable contract. That was the ruling of the High Court in this case. Here, D had...
MyChoice HomeBuy – assisting first-time buyers with an equity loan to ‘top up’ the purchase price
MyChoice HomeBuy is a government financed homeownership scheme that enables buyers to get their foot on the housing ladder by choosing and buying a home of their own on the open market with the assistance...
Mortgage arrears handling
The Financial Services Authority has published proposals to strengthen existing rules on arrears handling.
The key arrears proposals:
Make plain that firms must not add early repayment charges...
Sky wins IT case worth hundreds of millions of pounds as liability clause not upheld because of fraudulent misrepresentation by EDS in sales process – Sky v EDS, High Court
Sky has won a long-awaited landmark case against EDS that is bound to have massive implications - not just for all IT contracts, but also for any business that has sales-people that push the boundaries...
Without prejudice – what does it mean?
When issues arise between parties that fall to be settled in or around courts and lawyers, correspondence often bears a "Without Prejudice" heading, but what does that mean?
The short answer, given...
Homebuy Direct: A lifeline for residential developers and first time buyers alike?
The past two years have seen an increase in shared ownership schemes offered by developers, as they seek to assist first time buyers in getting their foot on the property ladder.
In addition to the...