The recession has sparked a surge in the number of disputes between landlords and business tenants, according to new research. Figures compiled by the legal publishers Sweet & Maxwell show a 43% increase in disputes in the High Court in London involving landlords and tenants of commercial property. The numbers rose from 28 in 2008
The directors of a development company have been found guilty of wrongful trading after continuing with a project long after they should have known it was bound to fail. The case involved the directors of a company which was set up to acquire a plot of land worth £900,000 and build industrial trading units. They
A director has been banned from revealing confidential information that could damage his former company. The issue arose after the director became embroiled in a dispute with his company that involved court action. The judge found in favour of the company and referred the director as having an “”attitude of blatant disregard for the truth,
The new EU Consumer Credit Directive has now come into force giving more protection and power to consumers. The directive amends the Consumer Credit Act and builds upon existing protections to give extra rights and standardised information to consumers. The Consumer Minister, Edward Davey, said the directive is also designed to encourage lenders to act
The demand for rental property will continue to outstrip supply until at least next year, according to research by the Association of Residential Letting Agents (ARLA). Its operations director, Ian Potter, said: “The lack of new rental stock for the private rented sector (PRS) was the dominant factor in the market last year, and will
The Localism Bill could cause uncertainty and chaos in the property market, according to the Law Society. The Society is concerned that the Bill will allow planning authorities to pursue a planning enforcement order at any time after they become aware that there has been a breach of planning control. It means property owners could