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On 26 May, the Court of Appeal in <I>National Westminster Bank v Spectrum Plus Limited overturned a 2001 Privy Council ruling in the Brumark Investments case, thereby giving banks increased access to the book debts of insolvent companies. Book debts are the sums shown in the company's books as being due to the company, for example, from customers.

The cost of living crisis has also invariably led to an increase in claims.

This article outlines the essential role of residential real estate solicitors in assisting landlords with property acquisitions. Key stages include initial consultations to understand investment goals, thorough due diligence, contract negotiation, mortgage arrangements, and post-completion support.

Minimum Energy Efficiency Standards are coming into force on 1 April 2018. With this deadline fast approaching here is a reminder of the issues from a lender's perspective.

The housing market activity in January was approximately 13% higher than the same period last year. This builds on the momentum from late 2024...

The UK economy slipped back into a technical recession in the latter part of 2011.

An investment portfolio of dividend-paying UK equities can provide a steady income.

The saga relating to the application of the employment related securities legislation to university spin-out activities rambles on without satisfactory conclusion.

Reed Smith recently acted for a mortgagee client who successfully purchased a vessel at a judicial auction, following default by a borrower under a loan facility and the vessel's subsequent arrest.

Last year we reported on the UK government's announcement of its commitment to ratification of the Cape Town Convention and Aircraft Protocol (the "Convention")...

So it’s been just over a year since Fitch issued their press release confirming that as a matter of policy it would not provide rating agency confirmations during the replacement of special servicers on EMEA CMBS transactions and indeed, just over a year since our last blog on the matter, entitled "What the Fitch??!".

For the estimated 1.82 million customers who have so far taken advantage of the Covid-19 mortgage payment holiday, further guidance issued by the FCA will now enable an extension...

A brief introduction to some of the fundamental changes proposed to be made to the system of registration of security interests created by companies and the consequent effect on priorities of competing interests.

The Pension Protection Fund's "levy determination" for the 2016-17 levy year has now been published.

We look at how lenders view cohousing leases. At Wrigleys, we are getting more and more queries from existing cohousing groups as to how to make their leases acceptable for high street lenders.

Taking yet another step towards the goal of addressing offshore accounts reporting, the Foreign Account Tax Compliance Act (‘FATCA’) will impose a 30% withholding tax on income, capital, and other payments from the US unless financial institutions including non- US funds and/or investment managers enter into an agreement with the IRS to report all US investors.

Not usually a very interesting subject but inflation is something that we have all suddenly become quite familiar with.