DWF real estate finance partner Iain Thomas, recently took part in a roundtable event hosted by the Law Gazette discussing commercial property.
One story more than any other encapsulates the crisis that engulfed the commercial property sector during the darkest days of the recession. The Land Registry, it is claimed anecdotally, found itself overwhelmed by much-delayed applications to register properties. Why the delays? The explanation, it became clear, was that hundreds of commercial property lawyers, all with time on their hands, were rifling through their filing cabinets and unearthing transactions where they had ‘not got around to’ registering the property.
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