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.
Notice
Please note that all our content is now being shared to Devonshires Insights.
Please visit our insights page for our most up to date articles.
Devonshires act for GreenSquareAccord on their issue of £400m sustainability linked bonds
We are delighted to have acted for GreenSquareAccord on their issue of £400m sustainability linked bonds.
European Court of Human Rights – O.P. v. the United Kingdom: A statement on behalf of the Rt Hon Owen Paterson
In October last year, our client, Mr Owen Paterson was found by the House of Commons Committee on Standards to have, in the Committee’s words, “used his privileged position as a Member of Parliament to secure benefits for two companies for whom he was a paid consultant…” The Committee described Mr Paterson’s alleged actions as “an egregious case of paid advocacy.”
Government updates its Capital Funding Guide to permit the Recycled Capital Grant Fund (RCGF) to use for fire safety works
Earlier this month, the Government updated Chapter 7 of its Capital Funding Guide which sets out the rules and requirements for grant funded schemes (as well as occasional nil grant schemes) which grant recipients must follow.
Autumn Statement confirms rent cap of 7%
Jeremy Hunt has announced that social and affordable rent increases will be capped at 7% as of April 2023 for a period of 12 months to combat the cost of living crisis and in response to “unprecedent global headwinds” the country is facing.
Welsh Government caps rent at 6.5% for 2023
Social rents in Wales will rise by a maximum of 6.5% from April 2023 under a new settlement announced by the minister for climate change, Julie James.
Housing Ombudsman issues call for evidence on record keeping – responses due by 23 December 2022
The Housing Ombudsman has issued a call for evidence to support its next investigation which will look at record keeping and data management.
Outcome of consultation on Renting Homes (Wales) Act 2016 – six month no-fault notice period for converted periodic standard occupation contracts to apply from 1 June 2023
In September a consultation was issued on a proposal to extend the landlord's no-fault notice period required for converted periodic standard contracts under the Renting Homes (Wales) Act 2016 (RHWA 2016) from two months to six months.
Devonshires advise Saxon Weald on £70m private placement
The Devonshires’ Banking and Capital Markets team are delighted to have advised Saxon Weald on its £70m sustainability-linked private placement.
Devonshires maintains 100% Trainee retention record
We are delighted to have retained all of our newly-qualified solicitors for the fourth consecutive year.
New Real Estate and Projects Partner joins our growing team
Krissun Soodin joins our Real Estate and Projects team as a Partner.
Devonshires rank highly in The UK 2023 Chambers and Partners Legal Guide
The UK 2023 Chambers and Partners Legal Guide has been published, and we have maintained our Band 1 positions for Social Housing and Social Housing: Finance.
Sector Risk Profile 2022 Issued
The Regulator of Social Housing (Regulator) has published its 2022 Sector Risk Profile (SRP) this morning, setting out its view of the most significant sources of risk to Registered Providers of Social Housing (RPs).