Client highlights

Innovative approach to sale and leasebacks on acquisition of Tesco Extra for Charities Property Fund

Author: Gavin Acheson

Farrer advised the Charities Property Fund on the structured acquisition from Tesco of its Tesco Extra store in Mansfield for £43million. The innovative sale and leaseback terms allow Tesco considerable flexibility in return for a 20-year lease on a new store with a number of associated benefits for the Fund and Tesco.

Laing O’Rourke Group: state-of-the-art manufacturing facility at Steetley

Author: Jim Edmondson

Farrers has been advising the Laing O’Rourke Group on their new state-of-the-art manufacturing facility at Steetley in the East Midlands, as well as matters relating to the site of its existing facility at Grays in Essex.

Successful litigation recompenses client for their loss of £7.65 million

Author: Adrian Parkhouse

Protracted professional negligence case results in welcome conclusion for client.

We successfully brought a claim against a client’s former solicitors for negligence in respect of a settlement made with HMRC in 2003. The client was one of several hundred UK companies who filed suits against HMRC, involving a number of test cases in the House of Lords. The issue of negligence stemmed from whether the original solicitors had received the client’s instructions to settle or protect a specific aspect of the claim – its potential entitlement to compensation based on compound rather than simple interest. The difference between the two was £7.65 million, an amount which then formed the basis of our claim. 

Hidden assets: protecting the Church Commissioners’ valuable minerals

Author: Simon Pring

Manorial minerals are mineral interests attached to the lordship of a manor. Since 1925, these rights have not needed to be registered at the Land Registry in order to bind the owner of the surface title (they have been ‘overriding interests’). However, from 12 October 2013, these rights will cease to override and must therefore be registered in order to be secure. If they are not registered, they risk being lost when title to the surface changes.

High-value, complex trust litigation

Author: Toby Graham

Farrer is acting for Russa Management Limited and others, trustee of Intertraders Trust, in proceedings brought before the Royal Court in Jersey by members of a wealthy Saudi-based family.

The British Library goes digital

Author: Peter Wienand

Farrers advised the British Library on its partnership with brightsolid online technology, owned by DC Thomson, for the digitisation of up to 40 million pages of the Library’s newspaper archive. The contract was procured using the new Competitive Dialogue procedure. 

Anon, corner

Making art accessible

Author: Anthony Misquitta

Opening up the National Gallery for art lovers around the world.

Positive resolution from complex disputes: the world’s highest-value divorce

Author: Jeremy Posnansky

Farrers has been advising offshore trustees in what has been described recently as “the world’s most expensive divorce”. One spouse is challenging the validity of transfers into a trust and also questioning whether they should be valued at the date of transfer, or based on the current value.

Private money funds raise £74 million

Author: Anthony Turner

Group of private investors and entrepreneurs unite on MBO.

We advised a group of private investors, led by serial entrepreneur Neil Utley, in a deal to back the MBO team that bought the London brokerage and corporate finance house, KBC Peel Hunt. CEO Simon Hayes described the buyout as a rebirth for the company.

Property partnership: driving the deals behind a new market town

Author: Jeremy Gordon

Farrers has been advising one of our entrepreneurial clients, Red Tree LLP, on a major property development partnership, creating an urban extension – the town of Sherford near Plymouth.