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 awarded with Banking & Finance Law award at the Yorkshire Legal Awards
We are delighted to have been awarded with the Banking & Finance Law award at the Yorkshire Legal Awards, whose virtual ceremony took place on 15th December.
AGM Deadline Extension
Regulations come into force on 29 September 2020, extending the temporary arrangements for AGMs of companies and CBSs.
Devonshires host Virtual Flower Show to support Partner Charities
Summer is fast approaching, and whilst the usual efforts of fundraising for our partner charities have been disrupted, we decided to make the most of staying at home by taking our fundraising virtual.
COVID-19: Further guidance on the planning system
The Government have recognised the inflexibility of the CIL payment regime and have announced that they will introduce amendments to the Community Infrastructure Levy Regulations 2010 to enable charging authorities to defer payments and temporarily disapply late payment interest.
Swaythling and Yarlington “radiate” joy with 612 unit stock acquisition
Real Estate and Projects have completed a stock acquisition on behalf of Radian from LiveWest Homes.
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.