Publication
GCR Guide to Data & Antitrust – Competition law and data
Miranda Cole and Francesco Salis from our Brussels office are the authors of a chapter on the evolving view of data in the application of competition law.
Global | Publication | January 2018
The government has announced that it intends to tackle what it considers to be unfair practices in the residential leasehold market “as soon as Parliamentary time allows”.
Statistics show that there has been an increasing trend of developers selling new-build houses as leasehold, as opposed to the more traditional freehold ownership. One motive for this in many cases is to generate an additional income stream from the ground rents payable when a house is leasehold, with that income stream often sold on to investors.
Another recent trend is a significant increase in the cost of ground rents for long residential leases, which traditionally have been nominal. Such increases can create an unforeseen financial burden for the owner and make the property harder to sell or to mortgage, particularly as mortgage lenders are increasingly wary of such onerous terms.
Following a consultation that elicited over 6,000 responses, the government has announced a series of measures to tackle these issues in England. They include:
Houses built on land that is subject to an existing lease cannot be sold as freehold. The government’s answer to this is to propose a ban on the sale of leasehold houses on land that was not subject to an existing lease at the date of the announcement: 21 December 2017.
Once enacted these measures will clearly have a major impact on new – and some aspects of existing - residential developments. We will report further when flesh has been put on the bones of the proposals and a timetable for implementation is announced.
For further information please contact Sian Skerratt-Williams or your usual contact at Norton Rose Fulbright.Publication
Miranda Cole and Francesco Salis from our Brussels office are the authors of a chapter on the evolving view of data in the application of competition law.
Publication
Miranda Cole, Lara White and Christoph Ritzer from our Brussels, London and Frankfurt offices are the authors of a chapter on how the interplay between competition and privacy law is affecting online advertising.
Publication
Unannounced inspections by competition authorities, usually called “dawn raids”, are undoubtably one of the most efficient tools for collecting evidence and enforcing competition rules. They are also an area where investigators test (and sometimes exceed) the boundaries of companies’ procedural rights.
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