The supportive decision of Scullion v Bank of Scotland remains good law after a challenge to a Court of Appeal decision was withdrawn by a buy-to-let investor. The Court of Appeal had previously decided that valuation surveyors who provide advice…read more
Law Society publishes a guide to top-up insurance
Law firms should carefully assess whether they have sufficient professional indemnity insurance cover in place to meet all possible claims. Frequently this will be for an amount well in excess of the minimum required by The Solicitors Regulation Authority. The…read more
Negligence claim against solicitor not time-barred rules Court of Appeal
An accident victim has been given leave to sue her solicitor for negligence some fourteen years after the initial incident by the Court of Appeal. The case highlights the risk of historic negligence claims coming back to haunt solicitors and…read more
Legal Advice Privilege not available to accountants
Accountants and other professional firms may have to warn clients that any legal advice they give is not covered by Legal Advice Privilege (LAP) after The Supreme Court refused to extend LAP to the profession. If firms do not explain…read more
IFAs responsible for just one per cent of FOS complaints
Complaints against financial advisers to the Financial Ombudsman Service (FOS) nearly doubled in the past year to 4,139, however the proportion upheld fell to 42{0a6a65c996ed4169444354e707b897cdb00dbefc1d0429e8febb9bf11027ba53} compared with 54{0a6a65c996ed4169444354e707b897cdb00dbefc1d0429e8febb9bf11027ba53} in the previous year. Overall the proportion of complaints to the FOS…read more
What on earth is a “circumstance”?
Professional indemnity insurance policies contain clauses which say you have to report any ‘circumstances’ which may give rise to a loss or claim against you or your firm. While this sounds simple in theory, just how serious does a problem…read more
