Securing Release of Retention
It is industry recognised that 50% of retention is released at practical completion, (although when practical completion is achieved is, in itself, a separate hot topic). However, when agreeing contract terms, little attention is paid to when the remaining 50% retention is released.
Director Joins TP Insolvency Team
Turner Parkinson’s Insolvency team has been strengthened with the appointment of Martin March as a Director. Martin’s arrival will add further knowledge and experience to what is already a strong team.
TP Complete Deal for UK ICT Solutions Provider
The Corporate team at Turner Parkinson have advised Innov8 Technology Limited, a leading provider of ICT solutions, on the acquisition of Viking Management Systems Limited, a Sage Solutions expert. The acquisition expands their geographical reach from the North West into Yorkshire and the North East.
Pre-Action Protocol for Debt Claims
The Pre-Action Protocol for Debt Claims (“PAPDC”) comes into force on 1 October 2017. The PAPDC outlines the conduct that the Court will normally expect from parties in debt claims prior to the issue of Court proceedings.
TP Real Estate Team Advise Seven Capital on Slough Residential Site
Turner Parkinson’s Real Estate team recently advised Birmingham based developer Seven Capital on the acquisition of a residential development site in Slough, Berkshire. Seven Capital purchased the site from Lion House Depot Limited for £10.5m.