Welcome to the summer edition of our newsletter, focussing on all things affecting the world of property development. We are publishing this edition rather later in the month than would be the case normally; we thought the European Union referendum vote might be worthy of some comment!
Well what can we say? The "remainers" ran "project fear" as their main strategy, which succeeded in unexpected ways as "project panic" seems to have set in for the short term at least following the vote to leave. Even though the economy was showing signs of slowdown in any event, we heard many times that a particular deal would happen "when the Referendum is over". The unspoken assumption was that the United Kingdom would remain part of the European Union.
May we expect all those transactions to be left in the pending tray or abandoned altogether? Perhaps it is time to remember the words of President Roosevelt in his inauguration speech as President of the United States of America in 1933: "the only thing we have to fear is...fear itself...".
At the more mundane level, we have this quarter some short pieces on the JCT, easements, the proper execution of documents and bid rigging.
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This publication is a general summary of the law. It should not replace legal advice tailored to your specific circumstances.
© Farrer & Co LLP, June 2016