Legal News (Banking & Financial Services)

Prior to COVID-19, the housing crisis was at the forefront of national debate and there is no doubt it was the key issue which dominated the recent general election. The crisis has been further impacted by the halting of construction work in response to the COVID-19 pandemic.

In the last few weeks actions taken by both the state and lenders to support customers have resulted in supports, such as the well-publicised three month moratoriums offered to customers, being put in place swiftly in response to the COVID-19 pandemic.

A number of our partners have again been listed in the latest edition of Chambers Global.

Section 416 of the Companies Act 2014 requires that evidence of satisfaction of a registered charge in the Companies Registration Office (“CRO”) must be submitted in order for the Registrar to mark a charge as satisfied on the register.

The Finance Act 2019 (enacted on 22 December 2019) has provided welcome clarification to transferees of fixed charges.