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Recent liquidity events concerning banks across the US and Europe, together with concerns of wider contagion, have prompted renewed focus on the regulatory regime applying to the banking sector.

As the full impact of these events unfolds, litigation has already commenced against some of the banks involved, and claims are expected to be filed against at least some other organisations which have suffered indirect impacts.

Banking sector vulnerability: Insurance considerations following recent events

Recent liquidity events concerning banks across the US and Europe, together with concerns of wider contagion, have prompted renewed focus on the regulatory regime applying to the banking sector. As the full impact of these events unfolds, litigation has alrea ...

Lockton supports Sir Isaac Julien’s first major solo exhibition in the UK

Lockton supports Sir Isaac Julien’s first major solo exhibition in the UK

Lockton supports Sir Isaac Julien’s first major solo exhibition in the UK

Exploring air rights in congested urban areas

When considering a new construction project, many developers would seek out a suitable plot of land or existing building that could be demolished and make way for the new development. However, there is a potentially lucrative alternative avenue developers could capitalise on - up in the sky.

What are air rights?

‘Air rights’ refer to the owner’s legal ability to occupy the vertical airspace above a property. These ‘air rights’ are an example of transferable development rights, meaning they can be sold or leased without the need to do the same for the physical asset itself.

When considering a new construction project, many developers would seek out a suitable plot of land or existing building that could be demolished and make way for the new development. However, there is a potentially lucrative alternative avenue developers could capitalise on - up in the sky.

What are air rights?

‘Air rights’ refer to the owner’s legal ability to occupy the vertical airspace above a property. These ‘air rights’ are an example of transferable development rights, meaning they can be sold or leased without the need to do the same for the physical asset itself.

Challenging Real Estate market conditions - underlining the benefits of Lenders Insurance Due Diligence

Inflation, already rising in 2023, has now clearly become the key source of economic concern for governments and central banks around the world, following Russia’s invasion of Ukraine in February 2022. They have responded by tightening monetary policy, terminating quantitative easing programmes, and raising interest rates, thus cutting growth forecasts, and raising the spectre of recession throughout Europe.

Inflation, already rising in 2023, has now clearly become the key source of economic concern for governments and central banks around the world, following Russia’s invasion of Ukraine in February 2022. They have responded by tightening monetary policy, terminating quantitative easing programmes, and raising interest rates, thus cutting growth forecasts, and raising the spectre of recession throughout Europe.

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