Mon12112017

Last updateTue, 24 Feb 2015 5pm

IBB Solicitors

IBB Solicitors

Paul Ridout and Jelena Serbic report on the Law Commission’s latest proposals for changes to charity law

In August 2017 the Law Commission published its report Technical Issues in Charity Law, incorporating a draft Charities Bill. The Commission’s proposals form part of its charity law reform project and also pick up issues identified in Lord Hodgson’s 2012 review of the Charities Act 2006.

Andrew Olins assesses a recent case with a clear warning for developers who fail to obtain an NDA from their potential funders

That’s the lesson all developers should learn from the recent case of Dorchester Group v BNP Paribas Real Estate and Inter-IKEA [2014]. The case concerned the purchase by Inter-IKEA in July 2010 of a 13-acre development site at Sugar House Lane, Stratford (the site) next to the Olympic Park in July 2010. The purchase occurred after the site’s previous owners, Sassafras, went into administration and LPA receivers were appointed to dispose of the site. Dorchester had previously reached an advanced stage in negotiations with Sassafras to enter into a joint venture to develop the site, or to purchase it from them. Accordingly, Dorchester had acquired substantial knowledge of the site and the possibilities and challenges it offered to a developer. When the receivers began marketing the site, Dorchester was naturally interested in buying it, and in December 2009 submitted a bid of £21m. That bid led to Dorchester being named as preferred bidder.