Archives: Professional

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SRA – costs

June 2022 | Professional

The SRA intervened in an SC case involving an appeal from the Competition Appeal Tribunal which challenged a decision under s46 Competition Act 1998 relating to a fine for an infringement of competition law. Practitioners concerned with competition law can read the judgment in which the appeal was allowed and held that the competition watchdog …

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Non-client – may need consent

June 2022 | Professional

A recent agreed outcome between the SRA and a solicitor reminds practitioners of the risks of taking steps without ensuring that appropriate consents are obtained, which is particularly relevant where an affected party is not a client of the firm. The case will be of particular relevance to conveyancers as it involves the removal of …

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SIF – the saga continues

May 2022 | Professional

We have reported regularly on the closure of the SIF, most recently in our July/August 2021 (p30) and Dec/Jan 2022 (p26) editions. In its original form, SIF was the statutory fund that provided cover to solicitors in England and Wales. Following the profession’s vote to move from a statutory fund system to purchasing PII on …

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Cases – national archives

May 2022 | Professional

We have been a long-standing supporter and user of the cases database maintained by the British and Irish Legal Information Institute. Note that the National Archive has also launched a new service for publishing judgments from England and Wales. New court and tribunal decisions from the superior courts of record – The Supreme Court, Court …

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Professional negligence – fails

May 2022 | Professional

It is perhaps fitting that the first case appearing in the national archive which we will report on is one involving a professional negligence claim against a firm of solicitors which failed. In the case, the claimant sought damages of £2.5m against the defendant solicitors’ firm for breaches of duties which he alleged they owed …

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AML – high-risk countries

May 2022 | Professional

The list of high-risk countries is set out in schedule 3ZA of the Money Laundering Regulations 2017 and it was amended on 29 March 2022 by the Money Laundering and Terrorist Financing (Amendment) (High-Risk Countries) Regulations 2022. The UAE has been added to the list and Zimbabwe has been removed. HM Treasury has issued an …

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