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The Economic Crime (Transparency and Enforcement) Act 2022 was given Royal Assent on 15 March 2022. The purpose of the Act is to set a global standard for transparency of real estate ownership, and to help eliminate foreign criminals from using UK property as a money laundering vehicle or in breach of sanctions.
We are delighted to once again be attending MIPIM, the internationally-renowned property conference taking place from 15 - 18 March 2022 in Cannes, France. The global property showcase is returning this year for the first time since 2019.
We are delighted to announce that Legal Solutions LLC, our joint law venture partner in Singapore (where we operate as Kennedys Legal Solutions), acted on the recent sale of Tanglin Shopping Centre which was sold for SGD 868 million.
We have recruited a leading construction and insurance specialist to join its London team. Paul Lowe, formerly a partner at Weightmans, is experienced in all insurance matters relating to the construction industry including on both policy coverage and defence.
We are delighted to announce that Kennedys Legal Solutions, via its joint law venture partner Legal Solutions LLC, acted on the recent sale of Gloria Mansion, which was sold enbloc for SGD 70.3 million. This is the first full residential collective sale, since the additional real estate cooling measures came into force in Singapore on 16 December 2021.
The UK Commercial Rent (Coronavirus) Bill was published on 9 November 2021 and has been attracting a large amount of commentary ever since.
Kennedys is recognised as a top-band firm in the latest guide to leading law firms and lawyers across the UK.
Following the publication of The Legal 500 UK 2022, we are proud to announce that the firm has once again achieved impressive rankings and recognition within the latest guide to leading law firms and lawyers.
In our earlier updates on this subject we reported that the UK Government was planning to introduce a compulsory arbitration scheme to deal with arrears of rent that fell due during the COVID-19 pandemic. Those plans took a step closer to becoming reality on 4 August 2021, following the release of a full policy statement from the Government, confirming its intention to legislate for the scheme
Kennedys are celebrating the achievements of one of our young apprentices, Tegan Johnson, who has been named as one of BPP’s apprentices of the year.