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The International Data Insights Report: Trends in international arbitration
Mark Fallmann
When a tenant wishes to carry out works to premises which form part of a larger property, it is very often that the insurance arrangements in the relevant documents (agreement for lease or licence to alter for example) do not take into account the practical realities of what and who needs to be insured.
Since coming into force on 26 March, the Deregulation Act (the “Act”) has introduced several changes designed to free businesses from the burdens caused by regulations and existing laws.
Last week, on 26 May, further provisions of the Act came into force, including sections 44 and 45 which relax planning permission in London on short-term lets.
The Chancery Division Judge Mr Justice Morgan recently refused to grant Gordon Ramsay a declaration that a personal guarantee for rent was not binding because his signature had allegedly been unlawfully obtained.
Permitted development rights (PDR) introduced by central government in May 2013 allow a change of use of an existing B1(a) office building to C3, dwelling houses, without the necessity of obtaining planning permission.
Since April 2012, it has been a requirement that in order for a buyer to claim capital allowances on a commercial property, it must have fixed the value of that qualifying expenditure with the seller, usually by means of a tax election under s198 of the Capital Allowances Act 2001.
Mark Fallmann
Laura Phillips TEP
Julie Matheson
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