Overseas Entities: The real estate effect
The effects of the Economic Crime Act will be felt far and wide across the UK real estate industry, writes Nathan Rees. Here’s how the new rules will affect overseas entities that own, acquire or dispose of land in the UK - and also those who enter into transactions with them…
Nathan has extensive experience in all aspects of real estate work, with a focus in recent years on large scale investment, development, and leasing transactions. He has acted for a number of listed property companies and investment funds, as well as public sector bodies and other public and private companies on a wide range of major real estate projects.
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"Time is up for Putin's cronies hiding dirty money in the UK and this new legislation will help to crack down on economic crime, including removing key barriers to using Unexplained Wealth Orders," says…
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