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  14/05/2024

  Ungarn

  EU introduces criminal offences and penalties for sanctions violations

  Criminal offencesUnder the Directive, the following conduct constitutes a criminal offence when committed intentionally and in violation of restrictive measures or a national provision implementing restrictive measures:making funds or economic resources available directly or indirectly to, or for the benefit of, a designated person, entity or body;failing to freeze funds or economic resources belonging to or owned, held or controlled by a designated person, entity or body;enabling designated natural persons to enter into, or transit through, the territory of a EU member state;entering into or continuing...

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  14/05/2024

  England and Wales

  Update on Business rates

  Summary  This Law-Now1 summarises some recent developments in relation to business rates following the Spring Budget 2024 and the Government’s summary of responses to the Business Rates Avoidance and Evasion consultation.Business Rates: Avoidance and Evasion – change to reset periodEmpty Property Relief (“EPR”) operates by giving owners of empty non-domestic properties 100% relief for the first three months (or six months for industrial properties) after a property becomes empty. If the property remains empty once such relief period ends, the owner must pay the property’s...

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  08/05/2024

  England and Wales

  The Leasehold and Freehold Reform Bill – the latest developments in the House of Lords

  SummaryFollowing publication of the Leasehold and Freehold Reform Bill (the “Bill”) on 27 November 2023, the Bill has been progressing through the legislative process and the latest iteration was published on 1 May 2024, showing the amendments made to date by the House of Lords following its Committee Stage which we consider further below.The Bill will still need to be subject to a third reading in the House of Lords before being passed back to the Commons to consider the amendments made, with both Houses needing to agree the final form before it achieves Royal Assent. Nevertheless,...

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  18/04/2024

  United Kingdom

  Transparency: ECCTA 2023 and Register of Overseas Entities update

  The Economic Crime and Corporate Transparency Act 2023 (ECCTA), which is aimed at tackling economic crime and preventing abuse of corporate structures in the UK, will not only fundamentally reform the administrative requirements for UK companies, limited liability partnerships and limited partnerships generally, but will also expand the requirements of the Register of Overseas Entities (ROE) regime for overseas entities holding or acquiring UK real estate.  The ROE is a register at Companies House which came into effect on 1 August 2022. Here are some FAQs providing information about...

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  15/04/2024

  England and Wales

  Marks and Spencer secures quashing of Secretary of State’s decision to refuse planning permission

  The recent judgment of the High Court in Marks & Spencer Plc v Secretary of State for Levelling Up Housing and Communities [2024] EWHC 452 (Admin) has received a lot of attention given its implications for the repurposing and reuse of existing buildings. The case concerned proposals by Marks & Spencer (“M&S”) to demolish their existing store on Oxford Street, London and to replace it with a nine-storey mixed use office and retail store, including a restaurant and a gym.The case was brought by M&S against the Secretary of State (“SoS”) following his decision...

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  11/04/2024

  Scotland

  Housing (Scotland) Bill: Rental Control and Enhanced Duties in Focus

  Introduction In an attempt to “establish a well-regulated rented sector that balances the needs of tenants and landlords”, the Scottish Government has introduced a new Housing (Scotland) Bill. The Bill proposes several key reforms to Scotland’s private rental sector, particularly concerning rent controls, tenants’ rights to keep pets and decorate their homes, and delayed evictions.In this Law-Now we consider some of the proposed reforms and the potential impact of these on investment into the private rental sector.  Rent ControlIf passed, the Bill will require...

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