On 2 August 2023, the Register of Overseas Entities (ROE) update process went live. UK Companies House issued guidance on the requirements overseas entities will have to adhere to in their annual update of the ROE. Our...more
Post-pandemic, with some level of remote work here to stay, the global real estate industry is tracking an unprecedented reassessment of the office asset class. To paraphrase Mark Twain, have the rumors of the “death of the...more
The first provisions of the Building Safety Act 2022 (BSA) came into force on 28 June 2022 and the remainder are expected to be implemented by October 2023. The BSA introduces a new regime governing the design, construction,...more
Summary We have previously informed you about the new Economic Crime (Transparency and Enforcement) Act 2022 (ECTEA). During the summer (12 July 2022), the government announced that the new Register of Overseas Entities...more
The invasion of Ukraine by Russia has pushed forward a wider government agenda to encourage transparency in relation to how overseas entities own UK real estate. We first reported many years ago on the details of the...more
3/25/2022
/ Beneficial Owner ,
Foreign Investment ,
Land Registries ,
New Legislation ,
Person with Significant Control (PSC Register) ,
Real Estate Investments ,
Real Estate Market ,
Russia ,
Transparency ,
UK ,
Ukraine
The UK government has announced that temporary restrictions on creditor action introduced in the Corporate Insolvency and Governance Act 2020 are to be phased out. These temporary restrictions were put in place to protect...more
Executive summary - This is the first time that the Supreme Court has had to decide an appeal relating to section 84 of the Law of Property Act 1925 (section 84). This is the piece of legislation that gives the Upper Tribunal...more
Welcome to the latest edition of Overriding Interest.
Inside this issue:
- The UK Government Proposes Innovative Transparency Requirements for Overseas Owners and Buyers of UK Property
- Mees Update
- Announcements,...more