The CLC has issued a notice to clients as follows: ‘If you were a client of a CLC regulated practice who acted for you in an investment property transaction such as the purchase of hotel rooms and student accommodation units in developments that did not complete (“Investment Property Transactions”) and have incurred a direct loss …
Continue reading “CLC – closure of compensation fund pool”
The SC has also heard an interesting case regarding the interrelationship between success fees under a CFA and an order for financial provision under the Inheritance (Provision for Family and Dependants) Act 1975. The case summary is as follows: ‘Background to the Appeal The issue on this appeal is whether an order for financial provision …
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The MoJ has issued an update on the increases to selected court and tribunal fees which come into effect on 8 April 2025. The majority of the 171 fees in scope will be increased by 3.2% to reflect the change in CPI between March 2023 and March 2024, with a small number of fees increased …
Continue reading “Court and tribunal fees – update”
The CA has heard a case in which the issue was whether the Conditional Fee Agreement (‘CFA’) entered into between the respondent (the claimant in the original proceedings) and his solicitors Boyes Turner LLP (‘BT’) on 24 March 2015 had retrospective effect. Both the Costs Judge and Lavender J decided that it did. The appellants, …
The HC had heard a costs case, but the substantive application was one by the father for an order that two children are returned to Nigeria. The mother made an application to adjourn a December 2024 hearing primarily because there was no progress in the instruction of an expert in Nigerian law, as had been …
Continue reading “No counsel – wasted costs”
All MLROs and senior managers of law firms should read the February 2025 report published by the Office of Financial Sanctions Implementation (OFSI) addressing threats to UK financial sanctions compliance. The report outlines OFSI’s assessment of threats to sanctions compliance involving UK financial services firms since February 2022. UK financial sanctions legislation applies to all …
Continue reading “OFSI – financial threats”