The case of Multi-Link Leisure Developments Limited v. North Lanarkshire Council [2009] CSIH 96 centred on the interpretation and effect of a clause in a lease that granted the tenant an option to purchase land. The decision of the appeal Court emphasises the consequences of imprecise legal drafting and stresses the importance of good client/lawyer communication at the outset of any transaction.
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Insight
Lord Glennie’s decision in the recent case of Hamilton v Nairn 2010 SLT 399 has potentially paved the way for developers to overcome the problem of 'ransom strips' where the land in question forms part of a public road.
Mr & Mrs Hamilton, owners of a successful cattery and livery stable in Aberdeen, had been seeking new premises after a compulsory purchase order proposed to ...
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On set up, or shortly thereafter, the shareholders of a new company will have various issues to think about for the short and longer term. Agreeing your approach to dealing with various situations and milestones in advance, can ensure a smooth running operation and prevent confusion, ill-feeling or disputes which might otherwise arise during your business relationship.
In most straightforward lim...
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For a significant part of this decade commercial property prices rose without pause, to a point close to their peak where yields began to lag finance costs. Behind this dislocation there was a belief that credit would remain forever cheap and that capital values would keep rising This belief was of course shattered in 2008, when many of the world’s largest banks...
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The economic climate is making the collection of debt more pointed for everyone. Many debtors and tenants are struggling with cash flow and increasing numbers face insolvency. As a result, acting quickly and decisively to collect funds has become more critical than ever. To help, we have set out below, a brief guide to the various debt recovery tools available.
A Stitch ...
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We want to contribute to the growth and development of enterprise. We understand the commitment and hard work it takes to set up a successful business and we know that a little advice can go a long way.
Solicitors have traditionally helped people who are in need of legal advice but cannot afford fees on a pro bono basis. As commercial lawyers we felt that we would be best equipped to ...
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