Newsflash – Proposed Leasehold Reform and Lease Extensions

On 07 January 2021 the Housing Secretary Robert Jenrick announced proposals that mean leaseholders will be able to extend their lease by 990 years instead of the current 90 years allowed by the Leasehold Reform, Housing and Urban Development Act 1993, and for those with lease lengths below 80 years, removal of marriage value which

Court convenes creditor meetings to restructure failing companies

The High Court has convened meetings for four separate classes of creditors to consider the proposed restructuring of a group of three failing companies.  The case involved Deepocean 1 UK Ltd, which comprised of three companies providing sub-sea services. The group had underperformed for several years due to uneconomical charter rates, large and complex projects,

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