Real Insights - Property Update

UK Government launches sovereign immunity consultation

The principle of sovereign immunity – that one sovereign state should not seek to impose its law on another sovereign state – is an established part of international law. Historically, sovereign immunity has meant that the UK has not sought to tax income and gains arising from UK real estate investments held by other countries.

Building Safety Act 2022: Building liability orders

The Building Safety Act was introduced to Parliament with the intention of, amongst other things, placing additional (and ongoing) responsibilities for buildings on the original stakeholders in the development. This includes the original developer, main contractor and other associated parties.

EG: Mishcon acts on pro bono case clarifying rent repayment orders

Mishcon de Reya has acted pro bono on a Court of Appeal case that clarifies the application of rent repayment orders. The orders allow tenants to reclaim rent paid to rogue landlords and property agents in England.

MDR Lab spin-off Least secures £1.5 million in seed funding to revolutionise the commercial leasing experience

Least, the platform delivering a faster digital leasing experience, has announced that it has closed a £1.5 million seed funding round led by Love Ventures, and backed by Concrete Ventures, along with a group of angel investors with significant reach and experience in the real estate, legal and financial sectors.

Mishcon de Reya acts for successful landlord in Court of Appeal COVID-19 rent case

Chhavie Kapoor, Michael Clarke and Gavin O'Donovan acted for the successful landlord in the Court of Appeal case of The Bank of New York Mellon (International) Limited v Cine-UK Limited, which related to non-payment of rent concerning cinema premises in Bristol during the Government-enforced lockdown in 2020 following the outbreak of COVID-19.