News

Welcome to our news page. Here you will find out what we’re up to and what we think about recent events and future possibilities.

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Devonshires advise first clients on Commercial Paper Programme to access the Covid Corporate Financing Facility
Devonshires are delighted to have advised its first clients on the establishment of commercial paper programmes to enable them to access the Bank of England’s Covid Corporate Financing Facility.
Riverside breaks new ground with sector first £100m SONIA revolving credit facility
The Riverside Group Limited (Riverside) has completed what is thought to be the housing sector’s first loan facility using the Sterling Overnight Index Average (SONIA) interest benchmark.
Devonshires’ Debt Management – Advice for Businesses
Cash is King and every business needs a detailed monthly cash flow. To assist businesses the Government have initiated the following schemes.
Yuanda v (1) Multiplex and (2) ANZ – “ascertaining and establishing” damages pre-adjudication under ABI bond
The Technology and Construction Court (TCC) has very recently handed down its judgment in Yuanda (UK) Co. Ltd v Multiplex Construction Europe Ltd and another.
Fifth Anti-Money Laundering Directive implemented in the UK
The Fifth Money Laundering Directive ((EU) 2018/843) has now been implemented in the UK by the Money Laundering and Terrorist Financing (Amendment) Regulations 2019
“If it walks like a duck…” The impact of new Off-Payroll Working Rules
In April 2020, a new regime replacing IR35 will come into effect for medium and large private sector organisations.
Devonshires boost construction and engineering practice with new partner hire
A solicitor who previously worked at law firm Devonshires has returned to the firm as a partner to strengthen its growing construction and engineering practice.
Devonshires Celebrates: 100 Years of Women in Law with the First 100 Years Project
Donna McCarthy, Partner, discusses our recent 100 Years of Women in Law event with the First 100 Years Project.
Prince succeeds in claiming £35m left for safekeeping in UK bank since 1948
The High Court has today ruled that the grandsons of the last Nizam of Hyderabad, rather than the Government of Pakistan, are entitled to £35m that has accrued in a NatWest bank account since 1948.
Devonshires further expands Real Estate and Projects team
Devonshires appoints development and regeneration specialist, Hannah Langford, to their growing Real Estate and Projects team.
Devonshires advise Moat on £100m bond tap issue
Devonshires are delighted to have acted for Moat on its £100m bond tap issue.
Consumer Credit Update: Are you carrying out regulated broking activities?
On 23 July 2019 new regulations came into force amending the Regulated Activities Order, which broadens the scope of exemptions available for consumer credit related activities carried out by Housing Associations.