Brodies

Law firm Brodies LLP saw profits rise from £38.5 million to £39 million in the 12 months to 30 April 2021. The firm also reported revenue of £82.5m, up from £82m in the previous year while cash balances grew to £30.7m from £25.4m.

Scottish law firm Brodies LLP has reported a busy year for its clients in the Highlands and Islands, with developments on land and sea being key drivers for investment. In the past 12 months, Brodies has worked with clients in the public and private sector, including Highlands and Islands Enterprise

The Corporate Insolvency and Governance Act 2020 imposed a temporary halt on the use of statutory demands and winding up petitions where the tenant is unable to pay its bills because of coronavirus. As a result two uniquely Scottish remedies available to landlord creditors have come into the spotlig

Louise Laing, senior associate at Brodies, details the intricacies of a pre-pack administration. Pre-pack is the term used to describe an arrangement whereby the sale of all or part of a company’s business and/or assets is negotiated and agreed before an insolvency practitioner (IP) is appoint

Scottish law firm Brodies LLP has advised on a number of major international hotel deals in the last six months, worth in excess of £1 billion. In a landmark transaction, the firm represented hospitality giant Accor in the conclusion of long-term branding and management agreements for the Fair

Iain Penman, senior associate at Brodies LLP, discusses fiduciary duties and why they may still apply after a director resigns. Did you know that a director's fiduciary duties can still apply, even after they have resigned? This was the situation in the recent case BVI case of Byres v Chen ) where a

Iain Penman, senior associate in litigation at Brodies LLP, explains the advantages and disadvantages of a Minimal Asset Process (MAP) bankruptcy in Scotland. Bankruptcy, or sequestration as its often called in Scotland, is governed by the Bankruptcy (Scotland) Act 2016 and is available to people, p

Iain Penman, senior associate at Brodies LLP, discusses the changes to Scotland's bankruptcy laws in the wake of the coronavirus pandemic. Last year, temporary changes to the bankruptcy process were brought in by the Scottish Government, to help individuals financially impacted by the pandemic. Scot

A Supreme Court VAT ruling issued yesterday in favour of care home operator Balhousie Holdings has set an important precedent for UK business, according to legal experts. The ruling - the culmination of a lengthy legal battle dating back to 2015 - hinged on the process in which Balhousie, owner

Brodies LLP has continued to make progress for the year to 30 April 2020, reporting a 7% increase in turnover to £82.0m (2018/19: £76.9m). This amounts to 20% growth in the last two years and marks the tenth consecutive year of progress for the firm. Profits before partner distributions

Chris Dunn, partner at Brodies LLP, details the current issues facing Scottish housing associations in terms of banking and finance in the current COVID-19 climate. Amongst the multitude of issues currently facing housing associations during the COVID-19 pandemic, one focus of FDs and boards ne

Lindsay Lee, practice development lawyer at Brodies LLP, details what things should be considered when entering into credit agreements during the current COVID-19 'delay' phase. With the Government expected to declare a transition from the 'contain' to 'delay' phase in its response to COVID-19 what

Brodies LLP has advised on a number of major hotel deals in Scotland in the last three months' worth over £170 million, coinciding with the appointment of industry specialist Bob Asher. Brodies advised Great Century, which is a partner of Hong Kong property firm Lai Sun Group, on the purc

The Institute of Chartered Accountants of Scotland (ICAS) has found in its latest poll of members that 54% do not think the latest Brexit deal is “positive” for business. The ICAS Brexit Tracker, in association with leading law firm Brodies LLP, is a quarterly snapshot of how chartered a

Brodies LLP has launched a new mobile app to provide information about health and safety obligations for businesses and guidance to help deal with health and safety incidents. The app, Health & Safety by Brodies, features easy-to-use checklists, legal updates and handy guides to support users in