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Latest Legal News

Latest Legal News

Consumer Code for Home Builders - Positive news for the residential property market

The residential property market, particularly the market for new-build homes, has been one of the recent hot topics in the news.  The onset of the Spring market has seen higher seller asking prices with the March figures being 1.7% up on the February House Price Index figures.  The growing belief in price stability is seeing momentum grow in the market and holds potential for 2013 transaction volumes to increase.  The recent budget brought housing-led schemes, particularly home builder schemes, to the fore and confidence seems to slowly be returning to this sector of the mark

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Burness admin

"Timely" Reminder On Missives

Audrey Harrow

If a contract states it may no longer be enforceable after two years then beware - this is what may really happen.

In a recently decided but as yet unreported case, a court has agreed with the arguments put forward by Burness Paull & Williamsons, that a contract purporting to be for a ten year lease could in fact be terminated after only five.

In this case a fairly standard contract (missive) for a ten year lease contained a fairly standard clause.  This stated that the missives would cease to be enforceable after a period of two years, except in so far as they

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LChalmers

Project Bank Accounts – Will The Cash Flow?

Gavin Paton

We have published a follow-up to this post, please click here.

On 17 April 2013 Deputy First Minister Nicola Sturgeon announced that the Scottish Government will trial Project Bank Accounts on public sector projects. This flows out of an early recommendation of the Review of Procurement in Construction being chaired by Robin Crawford ahead of his full report being published in the summer.

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LChalmers