Posts in Press Release
Wallace receives strong recognition in the Legal 500 Rankings 2023

The Legal 500 United Kingdom 2023 rankings have been published and Wallace continues its success, being ranked in six practice areas for the London region.

Wallace is recommended by Legal 500, 2023 in the following practice areas: Banking Litigation: Investment & Retail; Commercial Litigation (mid-market); Property Litigation; Corporate M&A – smaller deals up to £50m; TMT (IT & Telecoms); and Employment (Employers).

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The Ground Rent Act 2022

On 8th February 2022 the Leasehold Reform (Ground Rent) Act 2022 (‘the Ground Rent Act’) received Royal Assent. It will come into force on 30th June 2022 and will restrict ground rents in applicable leases to a “peppercorn” (or NIL) ground rent. The Ground Rent Act has major implications for both Landlords and Tenants who are negotiating terms to “voluntary” leases.

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