On 18 December 2013, the European Commission decided to investigate alleged state aid by the UK into the nuclear new build project at Hinkley point in Somerset. Our nuclear energy experts have been tracking developments.
Last Friday, the Court of Appeal allowed an appeal by PMS International Limited (PMS) of a High Court finding. The dispute was about ride-on children's suitcases - PMS's "Kiddee Case", which was openly admitted to be designed to be a cheaper version of Magmatic's "Trunki" range.
The Court of Appeal has decided that rent accruing during a period of administration should be treated as an expense of the administration, irrespective of the date on which it falls due for payment.
Wragge & Co's Banking and Finance team has assisted long-standing client Sanctuary Group in the securing of a £350 million loan from the European Investment Bank (EIB). The landmark deal is the first time that the EIB has agreed a direct loan to the social housing sector.
Wragge & Co's Private Equity team has advised long-standing client Mobeus Equity Partners on a £6 million investment in the management buyout of Entanet International Ltd, one of the UK's leading voice and data communication providers.
Wragge & Co's Intellectual Property team has won TMT Team of the Year at The Legal Business Awards. The award was given in recognition of the team's high profile, Supreme Court victory against Virgin Atlantic Airways.