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Solicitors warned against shares-based property deals

Series: Solicitors' Journal ; 145 (25) 29 June 2001, 589(1)Publication details: 2001Subject(s): Summary: CMS Cameron McKenna warns that some property advisers may be breaking the Financial Services Act during the course of transactions. Problems can occur from the practice of land and buildings being held in 'vehicles' such as companies or limited partnerships which may be in breach of the act.

CMS Cameron McKenna warns that some property advisers may be breaking the Financial Services Act during the course of transactions. Problems can occur from the practice of land and buildings being held in 'vehicles' such as companies or limited partnerships which may be in breach of the act.