Expert Resources

Take advantage of our free expert resources, written by the experts at LCN Legal, based on their practical experience of working with multinational groups and their advisers across the globe. If you are interested in these areas, you may wish to bookmark this page to check back regularly for new information.

Legal Resources

Free Property Development JV Checklist

Property Investment & Funds

Free Guide: Buying Property SPVs

Property Investment & Funds

Paul Sutton

Reference guide: what is an NMPI?

Following the FCA’s consultation Policy Statement 13/3, the Unregulated Collective Investment Schemes And Close Substitutes Instrument 2013 took effect from 1 January 2014. The instrument prohibits FCA authorised firms from promoting “non mainstream pooled investments” (NPMIs) to retail investors, with limited exceptions. Here’s a reference …
Paul Sutton

What Is an EIS fund work & How Does It Work?

This is an introduction to the legal structure of Enterprise Investment Scheme (EIS) funds. It’s for investment professionals who are considering setting up a new fund, and for prospective investors who want to understand the mechanics of what’s involved. Like any fund, the purpose of an EIS fund is to give investors the benefit of the skills and …
Paul Sutton

How should I structure a property development SPV with two shareholders?

The following is adapted from a discussion board on AccountingWeb. Question: I have a client company which comprises two directors. One owns 2/3 shares and the other the remaining 1/3 shares. The company has bought a property which potentially could be developed into residential units. The minority shareholder will be introducing 1/3 of the purchase …
Paul Sutton

An introduction to limited partnership funds: who does what?

This introduction is for people who are considering setting up a UK fund using the traditional structure of an English limited partnership. This is only one of a range of legal structures which can be used, but it is a tried and tested model. The structure is summarized in the diagram below. This particular one is for a real estate fund, but very similar …