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Professional and Financial Risks Blog

Articles: 1-10 of 94

Lawyers Covered - April 2022

United Kingdom - April 28 2022 Welcome to the latest edition of our Lawyers Liability & Regulatory Update, in which we look back over the last month at key developments affecting…

Important Court of Appeal clarity on the operation of s1(4) of the Civil Liability (Contribution) Act 1978

United Kingdom - April 12 2022 A recent Court of Appeal decision (in which RPC acted for the successful barrister Appellant) provides important clarification on the operation of…

Shell directors facing potential UK ESG shareholder derivative lawsuit

Global, United Kingdom - March 18 2022 In the wake of COP26, more focus than ever is being given to the climate risks which apply to every aspect of business…

Duties of Care to Third Parties in Tax Avoidance Schemes - Disappointment for Investors in McClean as Zacaroli, J Rejects Claims

United Kingdom - March 9 2022 Mr Justice Zacaroli has now handed down his judgment in David McClean and others v Andrew Thornhill QC [2022] EWHC 457 (Ch) - a ~£40m claim by…

The X-Client Files: who owns a solicitor's file

United Kingdom - February 23 2022 It sounds pretty straightforward, but, as is so often the way, it's not as simple as it looks. The perception that there is a magical document known…

Construction of the insuring clause in solicitors’ MTC compliant policy considered in law firm funder’s claim

United Kingdom - February 17 2022 On 3 February 2022 Mr Justice Butcher handed down judgment in Doorway Capital Ltd v American International Group Ltd, granting reverse summary…

SIPPs and FOS - does the Rowanmoor decision change anything?

United Kingdom - February 2 2022 Last week FOS published a decision it reached last year in a complaint against a SIPP provider involving advised sales of investments held within…

Good faith does not go both ways

United Kingdom - January 31 2022 It is common knowledge that solicitors owe fiduciary duties to their clients but what about the other way around? Do clients owe a duty of good faith…

The Future of Insolvency Regulation

United Kingdom - January 4 2022 On 21 December 2021 the Government launched a consultation into the future of insolvency regulation. The changes proposed in the consultation document…

Solicitors' Undertakings: will the lacuna in the law undermine the smooth and efficient transaction of legal business

United Kingdom - July 28 2021 Solicitors undertakings are a vital tool in legal practice to ensure the smooth running of litigation and transactional matters…