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Latest on risk management, professional indemnity and compliance issues.
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April 9, 2024
SARs Annual Statistical Report 2023
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April 2, 2024
ABFA Commodities Trading Ltd v Petraco Oil Company SA (Re Consequential Matters) [2024] EWHC 706 (Comm) (27 March 2024)
A designated person had no legal or equitable interest in money held in escrow. Pending an order of the court, the designated person had had an equity of redemption which might, if the court so ordered be paid out, but was extinguished when the court ordered payment out to another party.
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March 26, 2024
ICO Data Protection Fining Guidance
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March 26, 2024
Letter from the Justice Committee to the Lord Chancellor on The regulation of the legal professions
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March 22, 2024
Responding to a cyber incident – a guide for CEOs – National Cyber Security Centre
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March 21, 2024
ABA Formal Opinion 510, Avoiding the Imputation of a Conflict of Interest When a Law Firm is Adverse to One of its Lawyer’s Prospective Clients
This ethics opinion addresses the issue of whether a law firm can act for a client when confidential information has been provided by another prospective client who does not proceed to instruct the firm.
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March 20, 2024
Irwin Mitchell Trust Corporation v PW & Anor [2024] EWCOP 16
A trust corporation appointed as property and affairs deputy and which was owned by solicitors had an own interest conflict when it appointed an asset management company in the same group to manage the investments.
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March 12, 2024
FATF Updated Guidance on Beneficial Ownership and Transparency of Legal Arrangements
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March 11, 2024
HM Treasury consultation on improving the effectiveness of the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017
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March 8, 2024
SRA draft guidance for in-house solicitors
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