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London Real Estate Practice Quarterly Update for Overseas Investors | Summer 2020

By Rachel Whittaker, Matthew James Priday, David Fitzgerald, Ben Eaton & Michael P. Goldberg

September 4, 2020

Welcome to Greenberg Traurig’s Quarterly Update for Overseas Investors, prepared by the firm’s London Real Estate Practice. This newsletter reviews a range of legal and practice developments that may directly affect overseas investors in the UK real estate sector. In This Issue: Beneficial Ownership Register Commercial Leasing & the ‘New Normal’ COVID-19 Insolvency New UK Tax Landscape for International Investors Tax Treatment of Asset Holding Companies in Alternative Fund Structures Stamp Duty Land Tax (SDLT)…

GT London Law Blog

A New European Restructuring Landscape

By Lilian Welling-Steffens, Sabine Schoute, Rupert Cheetham & Ian Jack

August 22, 2020

A comparison of the new Dutch Scheme and the new UK Restructuring Plan. The European restructuring landscape continues to evolve with the recent introduction of a new restructuring procedure (UK Restructuring Plan) into the United Kingdom’s restructuring tool kit. The UK Restructuring Plan was enacted as part of the Corporate Insolvency and Governance Act 2020 (CIG Act) which became effective on 26 June 2020; it is closely based on the UK scheme of arrangement procedure…

GT London Law Blog

UK’s Industrial Energy Transformation Fund Grants Now Available to Manufacturing Companies and Data Centre Operators

By Aonghus Heatley

August 21, 2020

As of 20 July 2020, Phase 1 of the UK’s Industrial Energy Transformation Fund (IETF) is open for applications for grants, according to the Department for Business, Energy and Industrial Strategy (BEIS). The IETF, announced in the UK’s 2018 autumn budget, is designed to assist the transition of high energy use businesses into a lower carbon future economy. £289 million of the IETF’s total £315 million fund is available to businesses in England, Wales and…

GT London Law Blog

The Corporate Insolvency and Governance Act 2020: Changes to UK Insolvency Laws

By Emma L. Menzies, Samantha De Souza, Rupert Cheetham & Ian Jack

August 21, 2020

On 26 June 2020, the Corporate Insolvency and Governance Act (CIG Act) came into force which introduced fundamental changes to the UK’s company and insolvency laws which not only provide temporary assistance to companies and their directors during the Coronavirus Disease 2019 (COVID-19) crisis, but on a permanent basis have significantly bolstered the UK’s restructuring tool kit. Amongst other matters, the CIG Act implements measures contained in the UK Government’s consultation on Insolvency and Corporate…

GT London Law Blog

Greenberg Traurig’s Natalie Carter Selected as Finalist for 2020 Black British Business Awards

By Greenberg Traurig

August 21, 2020

Natalie Carter, a senior associate in the London office of global law firm Greenberg Traurig, LLP, has been selected as a finalist for the 2020 Black British Business Awards. She is nominated as a Professional Services Rising Star. Carter is heavily involved with various charities and organizations within the legal industry that aim to improve diversity in law. Continue reading the full release, Greenberg Traurig’s Natalie Carter Selected as Finalist for 2020 Black …

GT London Law Blog

GT Newsletter | LIBOR Transition – Issue 6

By Oscar Stephens, Susan E. D. Neuberg, Arleen A. Nand, Graeme McLellan, Paul Ferak & Sylvie A. Durham

August 13, 2020

Welcome to Greenberg Traurig’s LIBOR Transition Newsletter, where we provide updates, analysis, and occasional commentary on the latest developments relating to the highly anticipated phasing-out of LIBOR at the end of 2021 or perhaps sooner. Our sixth issue discusses the following: The FCA Message is Clear: LIBOR Cessation is Coming, Notwithstanding Pandemic Loan Markets: Hardwired Approach Derivatives Market: Waiting for The ISDA Protocol Other Recent Developments Click here to read the full GT Newsletter, LIBOR …

GT London Law Blog

UK HSE Successfully Prosecutes a Health and Safety Advisor for Deficient Advice

By Aonghus Heatley

July 16, 2020

The Health and Safety Executive (HSE), the health and safety regulator for England and Wales, has announced the successful prosecution before Luton Crown Court of a self-employed health and safety consultant who provided “inadequate and flawed” advice to businesses concerning the management and control of risks in relation to hand/arm vibration, workplace noise, and substances hazardous to health. Read the full GT Alert, “UK HSE Successfully Prosecutes a Health and Safety Advisor for Deficient …

GT London Law Blog

Sanctions: Despite Post-Brexit Limbo, UK Finally Introduces Magnitsky Law

By Anne-Marie Ottaway, Kara M. Bombach, Gareth Hall & Barry Vitou

July 8, 2020

With the UK now no longer part of the EU, and EU law ceasing to apply at the end of the current transitional period, the future application of many of the bloc’s laws and regulations in the UK (and if/how the UK will transpose them) is the subject of increased speculation, not least in the already complex area of sanctions law. Some of that speculation was put to bed when on 6 July 2020 Foreign…

GT London Law Blog

EU Opens Consultation on Rules for Transboundary Plastic Waste Shipments

By Marijn Bodelier, Aonghus Heatley & Jacomijn Christ

July 2, 2020

The European Commission has opened a consultation on the adoption of amendments (currently available in draft form) to the European Union’s law on the transboundary shipment of waste. These amendments are intended to allow the EU to give effect to recent changes to the Basel Convention on the Control of Transboundary Movements of Hazardous Wastes and Their Disposal (the Convention) which significantly extend the Convention’s scope in relation to plastic waste. The consultation opened…

GT London Law Blog

UK Real Estate: New UK Tax Landscape for International Investors

By Jessica Ganagasegaran & Clive Jones

June 30, 2020

Over the last few years, the UK tax rules for overseas investors in UK real estate have seen dramatic changes. In this GT Alert, we highlight some of the changes and some of the steps that may be considered to potentially mitigate their impact. In navigating these changes, what has become clear is the importance of having the right structure in place to suit the particular investor(s). Now is the time to take action, whether…

GT London Law Blog

Legal Advisers for a Changing World

London Real Estate Practice Quarterly Update for Overseas Investors | Summer 2020

A New European Restructuring Landscape

UK’s Industrial Energy Transformation Fund Grants Now Available to Manufacturing Companies and Data Centre Operators

The Corporate Insolvency and Governance Act 2020: Changes to UK Insolvency Laws

Greenberg Traurig’s Natalie Carter Selected as Finalist for 2020 Black British Business Awards

GT Newsletter | LIBOR Transition – Issue 6

UK HSE Successfully Prosecutes a Health and Safety Advisor for Deficient Advice

Sanctions: Despite Post-Brexit Limbo, UK Finally Introduces Magnitsky Law

EU Opens Consultation on Rules for Transboundary Plastic Waste Shipments

UK Real Estate: New UK Tax Landscape for International Investors

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