Insurers will have to pay insurance claims within a ‘reasonable time’ or face claims for damages under new legislation. The Enterprise Act, which received Royal Assent on 4 May 2016, has inserted new terms into the Insurance Act 2015. These…read more
Tax adviser escapes huge liability claim despite negligence
A firm of tax advisers has successfully defended a professional negligence claim despite failing to advise its client about the risks of a tax-avoidance scheme. The claim was defeated because the claimant did not show that he has suffered a…read more
Negligent valuation damages overturned by Court of Appeal
The Court of Appeal has overturned an award of €32 million damages against valuation surveyor, Colliers International. The Court decided that Collier’s valuation of a commercial property was not negligent. The case has, however, left the door open for future…read more
Brunel appointed as recommended broking partner of the ICWCI
Award-winning insurance broker, Brunel Professional Risks has been appointed the recommended insurance broking partner for the Institute of Clerks of Works and Construction Inspectorate of Great Britain (ICWCI). The ICWCI is a professional body which supports construction quality through inspection….read more
Disputed valuation claim dropped
A negligent valuation claim against a surveyor has been dropped in the High Court. Special purpose vehicle issuer, White Tower, claimed that Colliers had overvalued five London office properties which formed part of a commercial mortgage backed securities (CMBS) portfolio. …read more
Solicitors’ handbook to be slashed to just 50 pages
The solicitors’ handbook could be slashed from 600 pages to around 50 under plans announced by the Solicitors Regulation Authority (SRA). The new rules will set “a collection of values and behaviours that solicitors should adhere to,” according to SRA…read more
Failure to obtain planning permission results in contract dispute
Failure to secure conservation area planning permission led to a dispute which landed an employer and their building contractor in court. The case demonstrates the risks of taking on a construction contracts where responsibility for obtaining permissions has not be…read more
