HM Insights

Life, business and the law

The law never stands still, and the way it applies to you and your organisation is constantly evolving. Our people are on top of these developments and can keep you up to date with some of the most interestings aspects of these changes. Check out our articles and updates for our perspective on issues that might affect you.

Latest Articles

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    Named and shamed: consequences of failing to pay the national minimum wage

    The Government has announced the names of 37 employers who failed to pay their workers the national minimum wage. As a result, HMRC has issued financial penalties totalling £51,000 for underpayment of wages which amounted to £177,000. The employers included high-street retailer H&M and service station operator Welcome Break. Unsurprisingly, the national media ran with the story, which could lead to long-term reputational damage.

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    Student Accommodation: development and project finance

    Student housing has changed from a fringe investment to a global market worth today circa $200bn. This has been underpinned by a doubling of the number of students worldwide over the last decade. Institutional investors have been attracted to this asset class due to the relatively high returns on offer, combined with security of demand and covenant. The market is, however, still undersupplied in many university cities within the UK. Capital is available from pension funds who seek secure cashflow with a long term link to inflation.

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    Construction Snapshot: what are 'appropriate deductions' for remedying defects?

    The most commonly used standard form build contracts entitle Employers to make "appropriate deductions" from the Contract Sum where a Contractor is instructed not to remedy defects identified in the rectification period. However what is "appropriate" by way of deduction is often disputed by the parties. Assistance has now been provided by the courts