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Monthly Archives: March 2012

The Deep Celebrates the 10th Anniversary of it’s Opening

Druces LLP is pleased to pass on its congratulations to the Deep on the 10th Anniversary of its opening. The Deep, one of the most spectacular aquariums in the world is located in Hull, East Yorkshire and is the world’s only submarium. Druces LLP was involved in  the structured lease financing relating to the project and we are especially […]

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Budget Update 2012 – Stamp Duty Land Tax

The Chancellor has today announced that with effect from 22 March 2012 the rate of Stamp Duty Land Tax (SDLT) will be 7% for residential properties over £2 million. In addition the Government intends to tackle the “enveloping” of high value properties into companies by introducing a 15% rate of SDLT for residential properties over […]

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Pre-Action Protocol for Disrepair Claims in Commercial Property Comes into Force

Dilapidations claims involve the resolution of tenants’ obligations to repair and decorate the property let to them, usually at the end of their lease. The tenants’ obligations to repair and decorate are normally set out in covenants contained within their lease. A failure to comply with those covenants may give the landlord a claim for damages. A pre-action protocol for dilapidation claims was […]

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Nuclear Test Claims and the Limitation Act 1980

The Supreme Court has ruled in the case of Ministry of Defence v AB & Ors [2012] UKSC 9 that a group of servicemen who had claimed to have suffered ill-health as a result of exposure to radiation during nuclear tests in the 1950s in Australia and on Christmas Island, could not continue with claims […]

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Wharton Vs Bancroft: Death-bed, Wills & Legal Costs

Summary: The recent court case of Wharton v Bancroft [2011] EWHC 3250 (Ch) emphasises the need to be wary when challenging a Will. Although contentious probate claims will often be emotionally charged, this case illustrates that it is important for both clients and solicitors to put aside personal issues which might impact on their decision-making and to […]

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Charitable Status Victory for Independent Schools

The Sunday Times and the Daily Telegraph have reported that the Charity Commission has announced it will no longer assess the public benefit of Independent Schools. Following the judgment in the case of The Independent Schools Council -v- The Charity Commission and others, the Charity Commission was expected to issue revised guidance on public benefit. However […]

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How the Courts Interpret Oral Contracts: BVM Management Vs Roger Yeomans (2011)

Summary: Oral contracts are binding between parties in the same way as written contracts, except in relation to certain types of transactions such as the sale of land. However because oral contracts are not translated into a single written document, difficulties often arise in identifying what are the exact terms of the agreement. For that reason, lawyers […]

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