The UK Government’s National Security and Investment Bill introduces a new screening process for foreign investment in the UK. The rapid advancement of technological, economic and geopolitical change mean that wider reform of existing powers is considered necessary to protect the UK from potential threats. The new rules don’t come into force fully until 4 January 2022 but, as some of the provisions are retrospective, the changes are immediately relevant to businesses in certain sectors.
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Latest Commercial property articles
There is nothing more frustrating to a client than to hear that they do not have title to all they believe they should. A difficult conversation is to be had to explain that while they may have used the land for as long as they can remember, they don’t in fact own it and fixing the issue could cost thousands with potentially no certainty that they will reach the outcome they desire.
The Covid-19 pandemic has caused huge disruption in the retail and hospitality sectors and with businesses often unable to trade at previous levels and cover their costs, landlords and tenants are increasingly looking at ways of restructuring existing lease arrangements to deal with the unprecedented market conditions which now exist.
It seems hard to believe that when the property industry named 2018 the year of the CVA we would now be looking back to those times as the good old days. Fast forward to January 2021 with the UK in a second lockdown, the COVID 19 pandemic is having wide ranging economic repercussions.
Protections for commercial tenants that were introduced by the Coronavirus (Scotland) Act have been further extended to 30 September 2021. The Act protects commercial tenants who lease property in Scotland from termination for non-payment of rent by extending the usual pre-irritancy notice period set out in the Law Reform (Miscellaneous Provisions) (Scotland) Act 1985 from 14 days to 14 weeks.