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Latest Legal News

Latest Legal News

The modern forecourt - fuelled by convenience

In contrast to the well-documented downfall of retail brands such as House of Fraser, HMV and Debenhams, there is one section of the retail market which seems to be thriving. And that’s the petrol retail sector.

Over the last decade major petrol stations have transformed into food service outlets and even complete supermarkets or fast food outlets. Indeed, in a report towards the end of last year, Shell reported that one in every three transactions at its service stations doesn’t include a fuel purchase at all.

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Burness admin

The flexible future of retail

JD Sports has had a great year.  All of its key performance indicators are soaring ahead. 

There are many factors contributing to their success.  One interesting element is that JD Sports is, in many respects, a traditional bricks and mortar retailer (it has 390 stores across the UK and Ireland).  It unashamedly puts its physical stores at the centre of its strategy.  With bricks and mortar being blamed for so many retail casualties in recent times, and in many cases being the clear focus for CVA proposals – how can it be that JD Sports can have the audacit

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Burness admin

Hypothetical protection for struggling landlords

It’s been a tough time for landlords in the retail sector, with so many retailers of all sizes going bust.  Landlords often find that, absent a rent deposit, there is little they can do to protect themselves when a tenant goes into administration or liquidation.  However, there is one little discussed protection for landlords in Scotland – in the form of a security known as “Hypothec”. 

Hypothec has undergone changes over the years but it essentially operates as this – if a tenant goes into liquidation or administration, the “hypothec” kicks-in, and provides a securi

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Burness admin