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Professional & Financial Risks

Blog

A case of unintended consequences

Published on 12 April 2017. By Victoria Sugden, Senior Associate and Tim Bull, Partner

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Supreme Court Judgment of Lowick Rose LLP (formerly known as Hurst Morrison Thomson LLP) (in liquidation) v Swynson Ltd and another [2017] UKSC 32

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Blog

Complaints against insolvency practitioners hold steady

Published on 11 April 2017. By Rachael Healey, Legal Director

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The insolvency service has published the latest figures for complaints against insolvency practitioners made to the Complaints Gateway during 2016. The statistics indicate that the Gateway has received a reasonably steady level of complaints since it was established in 2013 but promisingly for practitioners the Gateway does appear to be weeding out more complaints with the Gateway having rejected 29% of complaints in 2016, compared to 18% in the Gateway's first year.

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Blog

Whose file is it anyway: What should a solicitor provide to a client when met with a request for "the file"?

Published on 28 March 2017. By Claire Revell, Senior Associate

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The Law Society has published new guidance on what a solicitor should do when a client requests a copy of its file.

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Blog

Altogether now – aggregation in solicitors' professional negligence claims

Published on 23 March 2017. By Jonathan Wyles, Legal Director and Anna Greco, Trainee Solicitor

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The Supreme Court in AIG Europe Limited v Woodman and others [2017] UKSC 18 provides welcome clarification of how you can aggregate claims against solicitors under the SRA's Minimum Terms and Conditions.

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Publication

Supreme Court judgment on SAAMCo

Published on 22 March 2017. By Nick Bird, Partner

On 22 March 2017 the Supreme Court handed down its decision on the application of SAAMCo to claims against professionals.

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Publication

Between a rock and a hard place

Published on 13 March 2017. By Alexandra Anderson, Partner

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Difficulties for lenders arising out of limitation

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Blog

BDO report finds fraud at a 5-year high

Published on 01 March 2017. By Tom Lloyd, Senior Associate and Esme Watson, Associate

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There has been a cascade of negative headlines in recent months about increased incidences of fraud in the UK. Stretched police resources, combined with an array of opportunities for online exploitation of businesses and consumers, are perceived to have made it a good time to be a fraudster.

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Publication

Buyer’s solicitor beware!

Published on 06 February 2017. By Paul Castellani, Partner

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Is it safe to act for a purchaser in a property transaction?

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Blog

Adjudication costs not recoverable as costs of proceedings

Published on 23 November 2016. By Felicity Johnson, Senior Associate

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The Technology & Construction Court ("TCC") has recently considered whether there are circumstances in which a party can recover adjudication costs; the position, ordinarily, being that the costs of adjudication are not recoverable from the other side.

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Blog

Enhanced annuity non-advised sales – not as bad as first feared?

Published on 31 October 2016. By Rachael Healey, Legal Director

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The FCA's thematic review into non-advised enhanced annuity sales found no evidence of an industry wide or systemic failure to provide customers with information about enhanced annuities or the open market option. There will not be a general industry wide remedial action.

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